AVAFX market analysis.

EUR/USD intraday

Strategy Entry Stop 1st target 2nd target
SHORT 1.4175 1.4180 1.3900 1.3825
Pivot: 1.4180.
Trend: ST Ltd Upside; MT Range
Key levels:
1.449** Intraday resistance
1.4365** Intraday resistance
1.418** Intraday pivot point
1.4055 Last
1.39** Intraday support
1.3825** Intraday support
1.375** Intraday support
Our Preference: SHORT positions below 1.418 with
targets @ 1.39 & 1.3825.
Alternative scenario: The upside penetration of 1.418 will
call for 1.4365 & 1.449.
Comment: the pair has struck against


USD/JPY intraday

Strategy Entry Stop 1st target 2nd target
LONG 90.05 90.00 90.83 91.00
Pivot: 90.00.
Trend: ST Consolidation; MT Bearish
Key levels:
91.5** Intraday resistance
91** Intraday resistance
90.83** Intraday resistance
90.32 Last
90** Intraday pivot point
89.75** Intraday support
89.55** Intraday support
Our Preference:LONG positions above 90 with targets @
90.83 & 91.
Alternative scenario: The downside breakout of 90 will
open the way to 89.75 & 89.55.
Comment: the pair should rebound on its support as the
RSI is turning up.
Comment:


GBP/USD intraday

Strategy Entry Stop 1st target 2nd target
SHORT 1.4595 1.4600 1.4385 1.4285
Pivot: 1.4600.
Trend: ST Ltd Downside; MT Bearish
Key levels:
1.4805** Intraday resistance
1.47* Intraday resistance
1.46** Intraday pivot point
1.4452 Last
1.4385** Intraday support
1.4285** Intraday support
1.4175** Intraday support

This is step that this online broker is taking to provide more support and resistance to clients and people trading this market.

Key benchmark indices are likely open firm mirroring positive Asian indices. Also reports of the government working on a second stimulus package for the current fiscal may boost the sentiment. Also year end net asset value boosting exercise aid gains.

Reportedly the second stimulus package of 2009-10 is aimed at spurring growth in the wake of the slowdown owing to the global financial crisis, Planning Commission Deputy Chairman Montek Singh Ahluwalia said after market hours on Monday, 29 December 2008. Ahluwalia hopes the second stimulus package will be announced in the next few days.