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Technical analysis >  FOREX COMMENTARY 19.10.2004
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*profi-forex*



Joined: 10 Apr 1980
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PostPosted: Tue Oct 19, 2004 12:39 pm    Post subject: quote

19.10.2004 (05:28am US TIME)


USD/JPY (CURRENT LEVEL 109,05) - BECAUSE OF FALLING BRENT PRICES BEARS COULD TEST 108,90 REGION. BREAK THIS SUPPORT WILL OPEN THE WAY TO FALLS TOWARDS 108,70 AND EVEN 108,00 REGION. IF SUPPORT HOLD, WE SHOULD SEE BACK UP MOVE TOWARDS 109,40.

EUR/USD (CURRENT LEVEL 1,2494) - DURING JAPANESE SESION WE TESTED SUPPORT AT 1,2440/50 REGION, FROM THERE WE HAVE BOUNCE, WHICH SHOUDN`T GO HIGHER THAN 1,2495/1,2505. DURING NY SESION WE EXPECT AGAIN TEST ABOVE-MENTIONED SUPPORT, BREAK THIS AND TEST THE NEXT SUPPORT AT 1,2400.

USD/CHF (CURRENT LEVEL 1,2323) - TODAY WE TESTED RESISTANCE AT 1,2370. FROM THERE WE HAD BACK UP MOVE AND NOW WE ARE TESTING SUPPORT AT 1,2300. AFTER NY SESION WE CAN`T RULLED OUT BREAK RESISTANCE AT 1,2370 AND TEST THE NEXT AT 1,2400 REGION.

GBP/USD (CURRENT LEVEL 1,7981) - STRONG SUPPORT AT 1,7920. RESISTANCE AT 1,8000/25 REGION..
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