Short Term Technical Updates
Technical analysis EUR-USD January 2, 2013
Overview:
EUR-USD made well up movement and tested 1.3300 on high volume as we planed.Since we are still in middle of our channel we are neutral on EUR-USD but with higher chances for up move because we are in strong short term up trend.From high volume on up bars we can see that there is a still demand on market so sell positions looks risky to us.
Our Recommendation: According our view EUR-USD is neutral with higher chances for up and possible up station at 1.3335
Technical analysis GOLD
Overview:
Gold made well up movement and tested 1679.00 on high volume as we planed .We can see that high volume is on up bars, which is indication that we still have demand in background so sell positions looks risky to us.Next up station which may be tested is 1692.00.
Our recommendation:. Be careful with short term selling this pair and look for buying opportunities.Our recommendations for up level is 1692.00
Technical analysis USD-CHF
Overview:
USD-CHF made new short term low at 0.9077 on high volume (stopping volume, H4). Like on our last forecast we are still expecting price to go lower and to test our down station at 0.8960.Since we got stopping volume we may expect some sideways before we continue down.Anyway, we are waiting to see a reaction of this stopping volume and for us very good sign for down will be if price don’t absorb stopping volume.
Our recommendation: Be careful with short term buying this pair and look for selling opportunities. Our recommendations for down level is 0.8960
Performed by:
Analytical expert : Petar Jacimovic
