| Currency Technical Perspective 04.01.2009 |
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EUR/USD Current price: 1.3270 Volume is good pre American opening, but no good momentum seen in the hourly. Capped in range between 1.3160/1.3330, seems unlikely the pair leave it today. 20 SMA remains under actual price quite flat to gave clear signs, while 200 EMA still keeps the bearish inclination. GBP/USD Current price: 1.4365 Candle formations along with momentum indicator suggest further losses for the next hours if the pair manages to break under the 200 EMA dynamic support around 1.4350. USD/JPY Current Price: 98.46 20 SMA has turned to the downside, while Momentum and CCI clearly point for further losses in the next hours. Confirmation will come under today’s low at 98.22. Volume is low for now. Still larger time frames shown actual movement as a correction of previous day’s strength. USD/CHF: Current Price: 1.1394 |
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