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Technical Archives |  Written by FX Greece |  May 20 08 14:25 GMT | 

Technical Market View

AUD/USD

Resistance in the area of 0,9500-50 was broken upwards. Technically, next target is in the area of 0.9750, while a further downward move will turn 0.9500 into a support, and will allow the move until the area of 1,0000-80…

EUR/CHF

Previous tops in the area of 1,6330-50 could not be breached. The signs we were looking in the previous tops appeared and the area of 1,6240-60 is now a poss-ible target…

EUR/GBP

The sideways consolidation continues. The short term upward ranges are at 0,7920 and 0,7970. Our upward targets are in the area of 0,8055-65, while below, in the area of 0,7850-70 at the first important support…

EUR/JPY

Today’s EURUSD acceleration allowed the pair to breach he first resistance at 162,50 area. The area of 163,00-20 is tested. A possible break will lead to 165,00-50. Be careful for false breaks...Sell positions could be attempted at the first reach of 163,00-20 area with stops above 163,55.

GBP/JPY

The pair is reaching important resistance le-vels. Sell positions will be tried in the area of 205,00-30, with stops above 205,70. In case of an upward break, next targets will be at the previous tops in the area of 209,50-80 and 208,50 …

USD/CAD

The base in the area of 0,9980-00 is broken. Our targets now are in the area of 0,9750…

Gold

Resistance at 900 is breached. Important short term resistance in the area of 920-25. Next tar-get will be in the area of 950-55…

SILVER

The consolidation may be used as a base for reversal. Important resistance at 17,20-30. A break will lead to the area of 19,90-18,00.

CRUDE OIL

Our first targets are in the area of 130. Prices should be kept below this level for the time be-ing…

DOW JONES

Dow formed a double top yesterday. Further decline to 12,900 area is possible.

FX Greece

DISCLAIMER

  1. The details and information included in the above analysis, are part of research based exclusively on currency charts and are of purely instructional and educational nature. None of the information featuring in the analysis can be considered as an invitation for opening positions in FOREX market or in the market of forward contracts or any securities listed on an organized or unorganized market.
  2. We assume no responsibility for any kind of losses ,profits or property loss resulting, in whole or in part, from acts that are based either directly or indirectly on the processing or the use of information, details and strategies, the reader may find in the analysis. The readers hold full responsibility for the use and the results of their actions.
  3. The recipients of the analysis must acknowledge and accept that investment choices of any kind, especially concerning the FOREX market, contain risks (high, low and occasionally zero) of reduction or even loss of their investment. Therefore, they should always be cautious prior to any kind of action.
  4. We reserve the right to change the terms and the characteristics of the analysis.
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