Daily Trading Tips

(Tuesday, 05 October 2010)
2 S2 S1 Pivot R1 R2
3 EUR USD There is bearish potential for a fall to 1.3660 - 1.3550 area while 1.3730 - 1.3810 resist. After this fall a recovery up to 1.3730 or above is expected. 1.355 1.366 1.373 1.381 1.391
4 GBP USD It is a triangle configuration. Market should break either side. Acceleration should occur above 1.5870 or under 1.5745 limits. 1.564 1.5745 1.58 1.587 1.597
5 USD CHF Market should not go lower than 0.9680. After this move down it should go up to 0.9750 - 0.9800 area. Break below 0.9680 will open the way to test 0.9600 zone. 0.96 0.968 0.975 0.98 0.985
6 USD JPY It is a triangle configuration. Market should break either side. Acceleration should occur above 83.90 or under 83.10 limits. 82.1 8310 83.5 83.9 84.5
7 EUR JPY There is bearish potential for a fall to 113.70 - 112.60 area while 114.50 - 115.30 resist. After this fall a recovery up to 114.50 or above is expected. 112.6 113.7 114.5 115.3 116
8 GBP JPY Currently uptrend should end around 132.40 - 133.00 area. A correction down to 131.70 - 130.70 is expected. A rise above 133.00 will abort this bearish scenario. 129.7 130.7 131.7 132.4 133
9 USD CAD The current rise has limited upside potential between 1.0260 and 1.0360 area. A correction down to 1.0210 - 1.0160 zone is expected. Then if 1.0160 area hold it should resume his uptrend. 1.01 1.016 1.021 1.026 1.036
10 AUD USD Market should go down to 0.9650 - 0.9550 area .If this crucial support zone, 0.9550, holds it should resume higher to 0.9700 - 0.9760 zone. 0.955 0.965 0.97 0.976 0.98