Technical Analysis: Technical Alert – Whipsaw markets

After Monday’s reversal patterns the market yesterday begun correcting them (and in some cases nullifying them).
For today especially some $-pairs coming close to important levels (returning bids or breaking Monday’s low point).

EURUSD as long as remaining on top of 1.3725 short term risk skewed to the high 1.39’s, EURJPY less lifting power hence likely to be an early south turning pair, EURSEK erratic swings in 9.09/18 interval, EURNOK looking for a temporary dip below 7.7080, EURPLN (& USDPLN)looks firmly bid,Equities making another attmpt moving above resistances, Oil rejected from its 55d ma band and GOLD printed a long lower spike yesterday showing bids below 1650.

Click here to read the full report:

http://www.easyforexnews.net/wp-content/uploads/2011/10/TA1910.pdf

 

Tech team
Skandinaviska Enskilda Banken AB