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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