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12-gru-2012 7:02
MNI EURO-DOLLAR TECHS: Bulls Eye Dec 5 High, Bears Aim Below 38.2% Level
RES 4: $1.3172 High Sept 17
RES 3: $1.3127/3131 Reversal High Dec 5, Upper Bollinger Band
RES 2: $1.3102 May 1 trendline
RES 1: $1.3017 former 23.6% Fibonacci of $1.2662 to $1.3127
LATEST PRICE: $1.3002
SUP 1: $1.2949 38.2% Fibonacci of $1.2662 to $1.3127
SUP 2: $1.2920/2927 55-day moving average, 21-day moving average
SUP 3: $1.2880 Low 28 Nov
SUP 4: $1.2840 61.8% Fibonacci of $1.2662 to $1.3127
COMMENTARY: Euro-dollar recovered some of its recent losses, but met
resistance at $1.3017, the former 23.6% Fibonacci of $1.2662 to $1.3127
and initial resistance. Daily studies remain bearish but suggest they're
turning higher. Weekly slow stochastics study shows a buy signal.
Initial supp seen at $1.2949, the 38.2% level. A close below here will
open up the downside for bears. Bulls look to regain the Dec 5 high.
MNI EURO-DOLLAR: Fundamental levels (orders, options, technicals)
$1.3127 Wednesday Dec5 high
$1.3085-100 Medium offers
$1.3068 Tech 76.4% $1.3127-1.2876
$1.3040/60 Medium offers/Stops
$1.3031 Tech 61.8% $1.3127-1.2876
$1.3015/25 Stops (larger above $1.3020)
$1.3015 Medium offers/NY high Tuesday Dec11
$1.3014 Int.Day high Asia
$1.3003 ***Current mkt rate 0818GMT Wednesday
$1.2996 Int.Day low Europe, Asia $1.2997
$1.2980/70 Medium demand/Stops
$1.2950/40 Medium demand
$1.2920 Medium demand
$1.2900 Medium demand
$1.2880/75 Strong demand/$1.2876 Fri post NFP low, $1.2880 Dec10 low
12-gru-2012 7:10
MNI CABLE TECHS: Bulls Looking To Break Above $1.6131, The Dec 4 High
RES 4: $1.6240 Apr 2011 res line
RES 3: $1.6218 High 5 Oct
RES 2: $1.6172-96 Boll top, High Nov 1 & Oct 17, 76.4% of $1.6309-1.5829
RES 1: $1.6126/31 61.8% of $1.6309-1.5829, High Dec 4
LATEST PRICE: $1.6112
SUP 1: $1.6060 23.6% of $1.5829 to $1.6131
SUP 2: $1.6035 55-day moving averages
SUP 3: $1.6007/6016 21-day moving average, 38.2% of $1.5829 to $1.6131
SUP 4: $1.5978/80 High 22 Nov, 50.0% of $1.5829 to $1.6131
COMMENTARY: Cable daily tech studies are a bit mixed, slow stochastics
shows a buy-signal while 10-day momentum and 14-day RSI are a little
flat. Weekly studies are turning bullish. Bulls are looking to break the
recent highs and close above $1.6131, the Dec 4 high and move up to the
daily Bollinger band top, further res around $1.6172. The downside will
be opened up by a break below $1.6060 then $1.6016.
12-gru-2012 7:28
MNI DOLLAR-YEN TECHS: Daily Studies Turn Higher, Breaks Nov 22 Res Line
RES 4: Y83.94 High 16 Mar
RES 3: Y83.30 High 2 Apr
RES 2: Y83.11 Resistance line from 6 Apr, 2011
RES 1: Y82.84/85/94 High Nov 22, 38.2% of Y94.99 to Y75.35, High 4 Apr
LATEST PRICE: Y82.66
SUP 1: Y82.06/28 21-DMA, Tenkan Line
SUP 2: Y81.77-95 Nov 28 sup line, Hgh 20 Nov, 23.6% Y79.08-82.84
SUP 3: Y81.40 38.2% of Y79.08-82.84
SUP 4: Y80.96 Kijun Line
COMMENTARY: Dollar-yen breaks above the Nov 22 resistance line, bulls
now eye the recent highs at Y82.83/84, the Dec 7 high and Nov 22 high,
respectively. Studies are turning higher and a close above initial
resistance will encourage bulls. Downside risk remains and initial
support seen at Y82.06/28, the 21-DMA and Tenkan line. The descending
triangle has been broken, we await confirmation of a break higher.
12-gru-2012 7:38
MNI EURO-YEN TECHS: Bulls Take Control And Aim To Break Dec 4 High
RES 4: Y115.06 200-week moving average
RES 3: Y111.44 High Mar 21
RES 2: Y108.73 50.0% Fibonacci of Y123.33 to Y94.12
RES 1: Y107.96/108.00 High Dec 5, High Apr 20
LATEST PRICE: Y107.44
SUP 1: Y106.97 Tenkan line
SUP 2: Y106.08/16 21-DMA, 23.6% Fibonacci of Y100.33 to Y107.96
SUP 3: Y105.05 38.2% of Y100.33 to Y107.96
SUP 4: Y104.15 Kijun Line, 50.0% of Y100.33 to Y107.96
COMMENTARY: Euro-yen breaks above the Tenkan line, now initial support
at Y106.97, also breaks above the weekly Ichimoku cloud top and 100-week
MA at Y106.69. Bulls now look to test the Dec 5 reversal high, initial
resistance at Y107.96, alongside the Apr 20 high at Y108.00. A break
above here will turn the pair bullish, bears will look to sell at this
level and send Euro-yen down to the 23.6% retracement level.