Forex Research

Daily Technical Analysis
Posted: 1/26/2012 5:37:34 PM



Currency Pair Long Term Momentum Medium Term Momentum Short Term Momentum Support Resistance Comments
EUR/USD 1.3080
1.3040
1.2990		 1.3130
1.3190
1.3230		 2207GMT possible shooting star may signal a top forming below 1.3190/95 retracement, bias lower while below 1.3130, below 1.3080 may see 1.3030/40
GBP/USD 1.5670
1.5620
1.5570		 1.5720
1.5750
1.5790		 2212GMT holding above 1.5675/80 21-hr sma, below may see lower to 1.5620 initially, above 1.5720/25 may see to 1.5750/55 initially
USD/JPY 77.20
76.90
76.65		 77.55
77.75
78.10		 2217GMT possibly basing out above key 77.25/30, below may see 76.90/95, bias lower while below 77.50/55, above may see 77.70/75 cloud top next
USD/CHF 0.9190
0.9150
0.9120		 0.9250
0.9285
0.9340		 2225GMT possibly basing above 0.9150/60, bias higher while above 0.9185/90, above 0.9240/50 may see correction extend to 0.9285/90
AUD/USD 1.0570
1.0530
1.0500		 1.0640
1.0685
1.0720		 2036GMT bias higher while above 1.0570 prior high towards 1.0640 initially ahead of 1.0685 highs next, below may see 1.0530 & then 1.0500 next
USD/CAD 1.0010
0.9975
0.9945		 1.0030
1.0065
1.0110		 2040GMT bias lower while below 1.0030 prior low towards 1.0010 21hr sma initially ahead of 0.9975 lows next, above may see 1.0065 55hr & 1.0110 next
EUR/JPY 101.00
100.40
100.00		 101.90
102.30
102.70		 2230GMT possibly topping while below 101.90/00, above may see higher to 102.70 cloud base, below 101.00 may see 100.50 initially
NZD/USD 0.8180
0.8140
0.8095		 0.8240
0.8285
0.8320		 2044GMT bias higher while above 0.8180 towards 0.8240 highs initially & then 0.8285 next, below sees 0.8140 prior highs ahead of 0.8095 pivot next
EUR/GBP 0.8345
0.8310
0.8290		 0.8375
0.8395
0.8415		 2237GMT failure above 0.8380 sees back to 0.8345/50, below may see lower to 0.8310/15 initially, bias lower while below 0.8370/75 21-hr sma
AUD/JPY 82.10
81.55
81.00		 82.50
82.85
83.20		 2047GMT bias higher while above 82.20 55hr sma towards 82.50 21hr ahead of 82.85 highs next, below may test 81.55 100hr & then 81.00 next
GBP/JPY 121.20
120.85
120.20		 121.65
122.00
122.40		 2050GMT bias higher while above 121.20 lows towards 121.65 21hr sma initially ahead of 122.00 highs next, below may see 120.85 100hr & then 120.20 next
CAD/JPY 77.20
76.80
76.30		 77.60
78.00
78.55		 2053GMT bias higher above 77.20 55hr sma towards 77.60 initially ahead of 78 the figure next, below may test 76.80 100hr & then 76.30 200hr 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.