Euro/Usd weerstanden voor 7 april 2011

[Armijn]

Coming Up Today (all times GMT)
JPY - BoJ Monetary Policy Statement (Tentative)
GBP - MPC Rate Statement (11:00)
EUR - ECB Rate Announcement (11:45) & Press Conference (12:30)
CAD - Building Permits (12:30)
USD - Weekly Jobless Claims (12:30)
GAS - Weekly Storage Report (14:30)
USDJPY

Expectations of widening interest rate differentials between improving economies and Japan are reviving yen-funded carry trades. In the aftermath of the tsunami, investors are taking advantage of the BoJ zero interest policy to sell yen against higher-yielding currencies (AUD, NZD, CAD, EUR, CHF). In this context, all JPY crosses are moving in a bullish channel, a trend that is likely to continue if the Bank of Japan increases its lending facilities to avoid downward pressure on the economy.

USDJPY Support/Resistance: 84.70/85.90

EURJPY Support/Resistance: 121.50/123.00

GBPJPY Support/Resistance: 138.25/140.00

EURUSD

Yesterday, the EURUSD pair was almost unmoved by Portugal’s request to access the emergency lending program of the European bail-out fund. Currently, all eyes are waiting for today’s ECB rate announcement (11:00 GMT) with one question on everyone’s mind: will the ECB interest rate hike be followed by many other? If Chairman Jean-Claude Trichet indicates that the ECB is considering a gradual normalization of its policy, the euro could extend its gains, with $1.4400 and £0.8820 as next targets. Conversely, if the market sees evidence of a more dovish stance, the economic troubles of Portugal and their implications for Spain could re-surface and trigger profit-taking towards $1.4200 and £0.8700 support levels.

EURUSD Support/Resistance: 1.4200/1.4400

EURGBP Support/Resistance: 0.8750/0.8820

GBPUSD

Yesterday, the NIESR research institute projected first quarter‘s GDP growth at 0.70% in the UK. This encouraging data helped counterbalance the negative announcement of a slowdown in UK production between January and February. Altogether, the UK economy is still sending mixed signals - a situation that is likely to convince BoE members to leave interest rate unchanged, until more signs of recovery materialize. Technical wise, the GBPUSD pair is supported by the $1.6260 and $1.6220 support levels.

GBPUSD Support/Resistance: 1.6220 - 1.6260 / 1.6350

[sant]

effe een noob vraag hoor

Wat wil zeggen: Support/Resistance:?

[Armijn]

Oorspronkelijk geplaatst door sant

effe een noob vraag hoor

Wat wil zeggen: Support/Resistance:?

Support staat voor het steunniveau van een koers. De koers zal hier dan minder snel doorheen gaan. Voor resistance geldt het andersom dat de koers hier vaker moeite mee heeft om hier door heen te breken. Je kan dus gewoon zeggen dat het de weerstanden zijn waar de koersen zich tussen bewegen in normale omstandigheden. Breekt de koers hierdoor heen dan is dat een sterk signaal en kan je je voordeel meedoen.