Thursday, December 22, 2011

Gain from FOREX Technical Outlook


S2 S1 Trend R1 R2
EURUSD  1.287 1.295 Bearish 1.3195 -
GBPUSD  1.5470 1.5500 Neutral 1.5780 1.5885
USDCHF  0.9180 0.9233 Neutral 0.9412 0.9545
USDCAD  - 1.0210 Bullish 1.0385 1.0420
EURGBP 0.8211 0.8291 Bearish 0.8385 -
AUDUSD 0.9880 0.9898 Neutral 0.9898 1.0255
EURCHF  1.2015 1.2125 Bearish 1.2250 -


My personal Long-Term pick:
Long AUDUSD, Target 10500/75, stop loss 0.9880 
Average Time Frame: Two Weeks


My analysis for AUDUSD:
A triangle or flat occurred from the October low. I am looking for a fill of the 11/28 gap but the current 2 day rally suggests that price is headed towards 10500/75. I suggest Support points would be 10050 and 10000 with taking into consideration activating a stop loss scenario below point 0.9880.





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