Daily Technical Analysis 25.05.2009
EUR/USD
The currency pair euro / dollar retains trade within narrow limits in the vicinity of the upper trend line of rising price channel. Continuing the trend of appreciation of the single currency will direct adjustment to the break of key resistance 1.4101. In return option reverse direction and continue the signals from technical indicators MACD and Stochastic for reversing the trend would lead to a trade test in the lower limit of the upward channel, and would target the quotations in the area purchasing
USD/JPY
Japanese yen continued its appreciation against the U.S. currency, despite its temporary weakness in the stock Asian session after prices failed to keep below the psychological level of ¥ 95 for a dollar. Uncertainties about the economic situation in the U.S., will lead to a new wave of repatriation of funds and providing quotes to drop until at least the lower limit of the decreasing price channel .. MACD histogramata a 'bicha "divergence, and if it is confirmed by overcoming 95.15 will expect rise in quotations to a level of technical resistance at 97.89.
GBP/USD
British pound continued to test levels of resistance around 1.5900. Sustained break of this critical level will lead to continuous adjustment of the trend change. Save quotes below the upper limit of the rising price channel will undergo a pounds pressure and the correction will result in the 1.5278 area. In support of the downward adjustment are histogramata MACD and stochastic oscillator, which are "sword" configuration
USD/CHF
The currency pair continued its downward movement, are expected to maintain downward consolidation and reached 1.0850 area where you will be purchasing will be in order of decreasing upper price channel. Histogramata MACD and stochastic oscillator in "bicha" configuration, and show appreciation of the short green money.
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