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Monday, June 1, 2009

Daily Technical Analysis 01.06.2009


U.S. dollar continued to man in the Asian session, as we expect to maintain and test the downward movement of price in the area of support at 1.3722, which now appears stable enough to reduce a significant growth of green money. In support of the estimates appear to fall down values of stochastic indicator and MACD. In the opposite option, enhancing the confidence of traders in the green money will direct cost to resisting 1.3860 and 1.4050.


U.S. dollar rise in price by almost one cent against the Japanese currency during the Asian session, as the expectation is directed to test resistance at 96.70, in the case of addressing, the path to the next key level to 97.80 will be opened. In the opposite option, move in the direction favorable to the yen will give support to the daily movement in 95.50.


U.S. dollar appreciation against the register pound in Asian session, after the end of U.S. session yesterday, the currency pair recorded its highest value since November. New growth of sterling will aim at overcoming the top 1.6080 and the test area at levels around 1.6490. In the opposite option, a new appreciation of the U.S. dollar will direct the daily movement in support to 1.5775.


The currency pair is trading near support at 1.0920, which in the case of endurance will allow for new growth of green money and will activate the double bottom formation with targets resistance at 1.0928 and 1.1057. In the opposite option, passing the price back below 1.0920 will direct the daily traffic to support 1.0805.

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