apf technical analysis market commentary 4 apr 2011

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APF Technical Analysis Market commentary 4 apr 2011

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TECHNICAL ANALYSIS4 APR 2011

APF Trading

MARKET COMMENTARY

APF Trading

9 Battery Road12F Straits Trading Building

Singapore 049910   

Jay Ngjay.ng@apftrading.com

 Glenn Ho

glenn.ho@apftrading.com 

Website:www.apftrading.com

www.asiapacfinance.com

Euro Dollar

Euro Dollar

It’s been a month since the Tenkan sen / Kijun Sen medium bullish crossover occurred.

Prices has also broken out of the Kumo Cloud.

We would like the Chikou Span to break out of the Kumo in the coming months for additional bullish momentum.

Our view is for the Eurusd to be bias towards the upside, with support at 1.3833

Australian Dollar

Australian Dollar

Great bull run on the Aussie dollar above the Kumo cloud.

We maintain the view that the Aussie has more legs to run with support at 1.0058 and 0.9976

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