You can sign up to receive this report by email including chart images. Go to www.avantagefinancial.ch , click contact and fill out the form.
Bullish above the 1.4520(former break down level) Rising support coming in at 1.4367 today and resistance at 1.4750-77 and it has tested this overhead resistance on numerous times over the last few days, can it finally break through?
Support: 1.4577, 1.4520, 1.4367 (key rising sup)
Resistance: 1.4770 (5/12 high) and 1.4880
240 min â€“ Rising sup at 1.4612.
The key levels to what today are 1.9990 resistance and 1.9700 support. Pretty bearish sentiment for GBP at the moment as long as the falling resistance lines holds (at 2.0140 today) and another falling resistance at 2.0211.
Support: 1.9750, 1.9722 (key risings support), 1.9652 (key August low)
Resistance: 2.0080 (former support), 2.0068 (former rising support from 1.86 area) 2.0140 (falling res), 2.0211(falling res), 2.0503 (key level)
120 min â€“ Falling resistance at 2.0242.
Break below 1.1180 yesterday should open for further declines towards 1.1100 level. Bearish momentum intact below 1.1205 today.
Support: 1.1153, 1.1074
Resistance: 1.1205(former support level), 1.1350(former support), 1.1630 (former support level), 1.1641 (key falling resistance)
120 min â€“ Falling resistance coming in at 1.1345.
Broke above the key downtrend line at 114.20, but failed to take out 114.60 resistance and this level now looks like a short term top. Key rising support (from Nov lows) at 114.00 was taken out as well, bearish bearish. Broke 110.70 and 109.02 is the next key support.
Support: 109.02 (former falling resistance), 108.70
Resistance: 110.70, 112.80 (key level) 114.60 (key level), 114.73 (reaction high 11/7-07)
120 min â€“ Rising support coming in at 109.02.
Huge move lower over the last week, key support is now 161.00, followed by 159.24 and would buy on any approach towards 159.24 level.
Support: 161.00 (key level), 159.24 (key lows)
Resistance: 163.80 (former risings support line), 166.75 (falling res from the highs), 167.63 (Nov high), 167.73 (Oct high)
Key rising support at 0.9807 and key support at 0.9703 (any approach towards this level should provide a decent buy set up).
Support: 0.9822 (rising support from low) 0.9703 (1 month low)
Resistance: 1.0135 (key level, overhead res)
Quite bullish sentiment and could we see 0.7500 soon?
Support: 0.7193 (rising support), 0.7088 (reaction low 3/12), 0.7139 (key uptrend level), 0.7027 (former break out)
Resistance: 0.7500 (psychological level)
Risk Warning: Any information in this report is based on data considered to be reliable, but no representations or guarantees are made by Avantage Financial GmbH with regard to the accuracy of the data. This information is provided on condition that we accept no responsibility, legal or other for its contents. We, including our directors, officers, employees or publishers, disclaim all liabilities. Any statement constitutes only current opinions, which are subject to change. Neither the information nor any opinion expressed shall be construed to be, or constitute an offer to sell or a solicitation of an offer to buy any investments mentioned herein. Regardless of the account type you choose, there are risks inherent in trading, including the risk of loss greater than the original investment. The opportunity for profit creates a corresponding risk of loss. Anyone wishing to invest in any of the products mentioned should seek their own financial or professional advice. Prices can go down as well as up. Past performance is no guarantee of future results.