FX Daily Strategy December 16th, 2011

M

mohalia

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• 16 ديسمبر 2011

• #1

   

 

 

EUR/USD: 1.3010 – 1.3055 {Bearish Bias}



EUR/USD currently remains in consolidation mode. Hourly stochastic and CCI provide bearish signals. Our preference is to look for bearish pattern confirmation at the range 1.3010 – 1.2055 to go SHORT

 

M

mohalia

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• 16 ديسمبر 2011

• #2

   

 

 

USD/CHF: 0.9420 – 0.9460 {Bearish Bias}



USD/CHF currently is under pressure. Hourly stochastic and CCI are oversold. Our preference is a pullback move to the range 0.9420 – 0.9460 to go SHORT.

 

M

mohalia

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• 16 ديسمبر 2011

• #3

   

 

 

GBP/USD: 1.5495 – 1.5545 {Bearish Bias}


GBP/USD currently is in the confluence zone while hourly stochastic and CCI are showing bearish signals. Our preference is to look for bearish pattern confirmation within the range 1.5495 – 1.5545 to go SHORT.

 

M

mohalia

عضو فعال

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2,330

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• 16 ديسمبر 2011

• #4

   

 

 

AUD/USD: 0.9975 – 1.0010 {Bearish Bias}


Pullback occurs on AUD/USD. Hourly stochastic and CCI are overbought. Our preference is to look for bearish pattern confirmation at the range 0.9975 – 1.0010 to go SHORT

 

M

mohalia

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2,330

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• 16 ديسمبر 2011

• #5

   

 

 

EUR/JPY: 101.50 – 101.80 {Bearish Bias}



EUR/JPY is still moving sideways. Hourly stochastic and CCI provide bearish signal. Our prefrence is to look for bearish pattern confirmation at the range 101.50 – 101.80 to go SHORT.

 

M

mohalia

عضو فعال

المشاركات

2,330

الإقامة

الجزائر

• 16 ديسمبر 2011

• #6

   

 

 

XAU/USD: 1583.25 – 1602.45 {Bearish Bias}



XAU/USD currently is moving in consolidation mode. Hourly stohcastic and CCI are overbought. Our preference is to look for bearish pattern confirmation at the range 1583.25 – 1602.45 to go SHORT. Use care as there is a potential for a double bottom pattern on the hourly chart.