20 March 2006, Monday
FX Strategy
US Dollar Index
Selling
GBP/USD
Long term - down trend from 16 December 2004 with second main Resistance at 1.7680
Medium term - up trend from 28 November 2005 with first main Support at 1.7235
Buying (Short term positions).
Resistance: 1.7590, 1.7600, 1.7635, 1.7680
Support: 1.7510, 1.7495, 1.7390, 1.7245, 1.7050
EUR/USD
Long term - down trend from 30 December 2004 with first main Resistance at 1.2500
Fibonacci level 38.2% at 1.2410
Medium term - up trend from 15 November 2005 with first main Support at 1.1875
Buying (Short term positions)
Resistance: 1.2335
Support: 1.2165, 1.2065, 1.1985, 1.1900, 1.1875
Fibonacci level 23.6% at 1.2120
USD/CHF
Long term - up trend from 30 December 2004 with second main Support at 1.2750
Medium term - main Resistance at 1.3230
Selling (Short term positions)
Resistance: _1.3230, 1.3290
Support: 1.2820, 1.2750
USD/JPY
Long term - up trend from 17 January 2005
Selling (Short term positions)
Resistance: 116.75, 118.50, 119.00, 119.45
Support: 115.70, 115.15, 113.90, 113.65
GBP/JPY
Long term - up trend
Selling
EUR/JPY
Long term - up trend
Selling
EUR/GBP
Buying
DJIA
Buying
AUD/USD
Selling