Forex Technical Analysis - 22 October 2007

Daily Technical Analysis

AUDUSD

Today market open low at 0.8895, 35 pips below last close. Daily RSI 14 at level 56. Stochastic Oscillators signal at level 51 and K% at 47. Parabolic SAR at 0.9041. Currently supported by Daily EMA 18, may target today Support 3 or Daily EMA 30.

Suggest short sell around 0.8910 with mid term target around 0.8800 stop above 8940

Today Pivot Point :
R3=0.9091
R2=0.9044
R1=0.8987
PP=0.8940
S1=0.8883
S2=0.8836
S3=0.8779

EURJPY

Today market open low at 163.31; 46 pips below last close. Below Today EMA 30 and support by EMA 100. Daily RSI 14 at level 44. Stochastic Oscillators 14.3.3 signal at level 36 and K% at level 16. Today may target S3 then may be to Fibonacci Fan 61.8% around 160.80.

Suggest stay a side Or buyaround 163.00 with short term target around 164.00 stop below 162.50.

Today Pivot Point :
R3=166.42
R2=165.85
R1=164.81
PP=164.24
S1=163.20
S2=162.63
S3=161.59


EURUSD

Today market open high at 1.4332; 32 pips above last close. Daily RSI 14 at level 67. Stochastic Oscillators 14.3.3 signal level at 91 and K% at 100, signal that EURUSD has been Overbought.

Suggest stay a side.Today Pivot Point :
R3=1.4420
R2=1.4371
R1=1.4336
PP=1.4287
S1=1.4252
S2=1.4203
S3=1.4168


GBPJPY

Today market open low at 233.95; 97 pips below last close. Daily RSI 14 at level 41. Stochastic Oscillators 14.3.3. Signal level at 22.K% at 1. Parabolic SAR at 239.95. Market may continue drop to Today Support 3 then may be Weekly support 2 at 230.84.

Suggest stay aside or buy around 233.40 with short term target around 234.80 stop below 233.00.

Today Pivot Point :
R3=238.67
R2=237.85
R1=236.38
PP=235.56
S1=234.09
S2=233.27
S3=231.80



GBPUSD

Today market open low at 1.1610; 56 pips below last close. Daily RSI 14 at level 35. Stochastic Oscillators 14.3.3 Signal level at 25.K% at 1.. 3rd dots Parabolic SAR at 1.1880.

Suggest sell around 1.1670 with short term target around 1.1600. Stop above 1.1690.

Today Pivot Point :
R3=1.1791
R2=1.1761
R1=1.1714
PP=1.1684
S1=1.1637
S2=1.1607
S3=1.1560

NZDUSD

Today market open low at 0.7471; 42 pips. Current Price now between Daily EMA 30 & EMA 50. Daily RSI 14 at level 47. Stochastic Oscillators 14.3.3 signal level at 16 and K% at 9. Parabolic SAR dots at 0.7707. 4 hours stochastic oscillators 14.3.3 signal level at level 60 and K% at level 50. The Parabolic SAR had Reverse to 0.7578. Signal that NZDUSD may continue fall to Fibonacci Fan 50% around 0.7290.

Suggest sell around 0.7480 with Mid term target around 0.7370 stop above 0.7510.

Today Pivot Point :

R3=0.7730
R2=0.7654
R1=0.7584
PP=0.7508
S1=0.7438
S2=0.7362
S3=0.7292



USDCAD
Today market open at 0.9663.
Suggest stay a side.

Today Pivot Point :
R3=0.9858
R2=0.9806
R1=0.9739
PP=0.9687
S1=0.9620
S2=0.9568
S3=0.9501



USDCHF

Today market open low at 1.1610; 56 pips below last close. Daily RSI 14 at level 35. Stochastic Oscillators 14.3.3 Signal level at 25.K% at 1.. 3rd dots Parabolic SAR at 1.1880.

Suggest sell around 1.1670 with short term target around 1.1600. Stop above 1.1690.

Today Pivot Point :
R3=1.1791
R2=1.1761
R1=1.1714
PP=1.1684
S1=1.1637
S2=1.1607
S3=1.1560



USDJPY

Today market open at 114.50. Currently has been drop below Today Support 1, also below the Trendline Support. Daily RSI 14 at level 34. Stochastic Oscillators 14.3.3 signal at level 22 and K% at level 0. Signal the market has been Oversold. Parabolic SAR 3rd dots at 117.75. May continue drop and target Today Support 3.

Suggest stay a side.

Today Pivot Point :

R3=116.62
R2=116.19
R1=115.35
PP=114.92
S1=114.08
S2=113.62
S3=112.81

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