Market Picture Monday 19/4

Published on Saturday April 17th, 2010 at 05:56PM by FXViking

EuroUsd - 1.3509My bias is down. We still have to go down to test next support level Weekly pivow 3436 and then weekly S! 3337.If we are heading nort strong resistance at 3531 which is the monthly pivot were i expect the price to bounch back.

AudUsdThe Audusd pair has retained its bullish bias. It has managed to break and hold above .9200 with a solid bullish weekly close for the week ending April 9th, followed by another close above at the end of this past week, April 16th. Although it closed as a bearish candle, I believe that it can be interpreted as a test of the strong, previously resistance area, now to reverse role, and act as support. I have included a weekly chart to illustrate. The down-sloping trendline and red horizontal line show the point where I am expecting to see a bounce at .9200, back up to test the .9350 resistance zone.

USDJPYMy bias is downFirst level of support is 9163

  • 2 comments
  • Go to keicadelina's profile

    On Monday April 19th, 2010 at 05:09AM by keicadelina -

    Thanks for sharing these charts! I also have a bit of a bearish bias on the EURUSD since it gapped down this week.
  • Go to virgiliolayug's profile

    On Monday April 19th, 2010 at 05:15AM by virgiliolayug -

    Hey Petter,Why are you looking at 91.63 as support for USDJPY? I popped on some pivot points and thats S1 (for today). Just wanted to know what else you look at.

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