Research Division   

Daily Technical Analysis
Posted: 7/30/2010 9:23:18 AM



Currency Pair Long Term Momentum Medium Term Momentum Short Term Momentum Support Resistance Comments
EUR/USD 1.2980
1.2940
1.2910		 1.3060
1.3090
1.3120		 1210GMT bias lower while below 1.3060 21hr SMA, above could see to 1.3090, below 1.2980 could see test of 200hr sma around 1.2940/50.
GBP/USD 1.5550
1.5520
1.5480		 1.5610
1.5660
1.5695		 1212GMT bias lower while below 1.5610/15 21/55hr SMAs, above sees to 1.5660, below 1.5550 could see lower towards 1.5520.
USD/JPY 86.15
85.55
84.85		 86.55
86.95
87.20		 1218GMT possibly basing above 86.15, needs above 86.55 to shift bias higher towards 86.95/00 & maybe even 87.20, below 86.15/20 could see 85.55.
USD/CHF 1.0380
1.0350
1.0320		 1.0405
1.0450
1.0485		 1224GMT signs of a base forming aboive 1.0370/80 but needs above 21hr sma at 1.0400/05 to switch focus higher towards 1.0450/60 next.
AUD/USD 0.8965
0.8930
0.8890		 0.9025
0.9050
0.9075		 1202GMT bias higher while above 0.8965 hourly support towards 0.9025 initially and 0.9050 next, below may see 0.8930 and 0.8890 next.
USD/CAD 1.0330
1.0295
1.0250		 1.0400
1.0445
1.0500		 1255GMT bias higher above 1.0330/35 sma cluster towards 1.0400 initially and 1.0445 next, below may see 1.0295 ahead of 1.0250.
EUR/JPY 112.00
111.60
111.25		 112.75
113.00
113.45		 1230GMT bias lower while below 200hr sma at 112.75 towards 112.00 initialy, below may see towards 111.60 next, above 113.00 may see 113.45.
NZD/USD 0.7190
0.7160
0.7130		 0.7250
0.7280
0.7320		 1247GMT may have based above 0.7190 towards 0.7250 55 hr sma ahead of 0.7280 100 hr sma, below may see 0.7160 initially ahead of 0.7130.
EUR/GBP 0.8325
0.8305
0.8270		 0.8365
0.8395
0.8420		 1235GMT bias lower while below 21hr sma at 0.8365 towards 0.8325 initially, below may see to 0.8305/10. Above 0.8365 may see 0.8395/00.
AUD/JPY 77.20
76.55
76.00		 77.85
78.25
78.65		 1258GMT bias lower below 77.85/90 21 and 200-hr smas towards 76.55 initially, above may see 78.25 55,100 hr sma zone ahead of 78.65.
GBP/JPY 133.95
133.45
132.95		 135.05
135.60
136.05		 1308GMT bias lower below 135.05 21 hr sma towards 133.95 initially and 133.45 next, above may see 135.60 first and 136.05 next.
CAD/JPY 83.00
82.50
82.00		 83.60
84.10
84.35		 1315GMT bias lower below 83.60 21 hr sma towards 83.00 initially and 82.50 next, above may see 84.10 200h hr sma and 84.35 100 hr sma next.

- Optimal phase to initiate position with arrow - Cycle mature, protect profits
- Cycle extreme, t/p, plan for new cycle - Hold Cycle in direction of arrow

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- indicate that momentum is positive and moving higher, usually signs of higher prices ahead
- indicate negative and falling momentum, typically implying lower prices in the future
Disclaimer: The information and opinions in this report are for general information use only and are not intended as an offer or solicitation with respect to the purchase or sale of any currency. All opinions and information contained in this report are subject to change without notice. This report has been prepared without regard to the specific investment objectives, financial situation and needs of any particular recipient. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness, nor does author assume any liability for any direct, indirect or consequential loss that may result from the reliance by any person upon any such information or opinions.