Daily Prediction for January 10th, 2012

RSI and Stochastic not been seen moving in one direction andtend to be flat, while the price is testing SMA (100), in the short term, it is likely prices will move higher towards 1.2810 level.

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USDJPY

As shown in the chart, all the indicators appear to move flat, then the USDJPY will likely move sideways in the range 76.74 - 76.98

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AUDUSD

AUDUSD was trying to get out of the bearish trend, if there isconfirmation from the MA crossing, then it is likely will go up to the1.0324 price level or higher.

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NZDUSD

Continuing the bullish trend that began yesterday, NZDUSDseems to be trying to climb up to the 0.7965 price level, but be careful, because the stochastic is in overbought area.

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USDCAD now in a bearish trend, with the RSI and Stochastic are both pointing downwards, then the confirmation of the MAcrossing would clarify bearish line. Possible NZDUSD will try tofell down to the 1.0166 price level

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EURJPY

EURJPY still looks neutral, normally, EJ is on the tendency to rise.Short-term targets, will try to go up toward 98.46 price level, ifthere MA cross, then the next target is 98.85, but in the oppositedirection, if the pair is able to penetrate the daily pivot point, then it will come down to the 97.48 price level