Charts to End the Week 4/13/12

Article originally published on innerfx.com and republished here with permission

There’s only one corner of the universe you can be certain of improving, and that’s your own self. ~ Aldous Huxley

Good morning. Stocks gained in the last two days, hence risk pairs are getting some relief and the dollar is weakening.

USD Index

Resistance around 80 stayed intact after a few tests and it seems that support at 79 is in focus

USD Index daily 4-13-2012

USD Index daily 4-13-2012

EURUSD

1.3150, a barrier I highlighted two days ago has been breached, so it’s not a bad idea to consider buying opportunities as long as EUR holds above that level

EURUSD Chart 4hrs 4-13-2012

EURUSD Chart 4hrs 4-13-2012

AUDJPY

Support at 50% fib held and AUD recovered, but there’s an interim resistance in the 85.00 region. Between selling this pullback or waiting for a potential buy signal on the breach of 85, I prefer the 2nd option

AUDJPY Chart Daily 4-13-2012

AUDJPY Chart Daily 4-13-2012

GBPUSD

Looks bullish while it holds onto gains above 1.5900/20

GBPUSD Chart 4hrs 4-13-2012

GBPUSD Chart 4hrs 4-13-2012

CHFJPY

It seems there’s more room for this decline and potential rallies are likely to be sold, while 90 is intact

CHFJPY Chart Daily 4-13-2012

CHFJPY Chart Daily 4-13-2012

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About abwehra group

The Art&Science of Trading Gold
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