Apr

Technical Analysis Daily: USD/JPY

Dollar resumed appreciating against the Yen on Monday, in converse with the Interbank sentiment at nearly -9%. Yesterday the currency couple climbed from 93.92 to 94.34, closing the day at 93.94. Break above the nearest 94.34 resistance and yesterday’s top would support further bullish perspective. Today, however, the currency couple…

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Apr

Daily FX Report

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Posted by admin as Daily forex analysis

The CAD was within a cent of parity with its U.S. major counterpart as traders expected a signal that a bailout of Greece would succeed in preventing a financial crisis from spreading. This increased the demand for higher yielding assets. The CAD reached nearly a one for one basis against…

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Apr

Forex Technical Analysis

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Posted by admin as Daily forex analysis

EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are neutral, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.4793 and 1.4169.

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Apr

Currency Crosses Pairs Analysis

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Posted by admin as Daily forex analysis

EUR/GBP Longer term biasis neutral for the pair, the wide range between 0,8600 and 0,9100 needs resolution. Intraday: Intraday support held bearish pressure on the cross. Possible bottoming process at this level and probably heading higher to 0,8750. Needs to hold on above 0,8600

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Apr

Technical Analysis Daily: GBP/USD

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Posted by admin as Daily forex analysis

Pound/Dollar was trading hesitantly and with slight increase on Monday, in converse with the Interbank sentiment, at around -7%. The Cable appreciated yesterday from 1.5371 to 1.5500, closing the day at 1.5460. Today Sterling is correcting downwards, eating up yesterday’s gains. First resistance is yesterday’s top at 1.5500. Break above…

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Apr

Eur/Usd: We Continue To Follow Greece

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Posted by admin as Daily forex analysis

Greece shortages continue. In risk premiums and interest payments before the movement has reached the size of their attention. This situation has continued to gain sütre by the reaction can join. In general we have to stay in sales. Concern as long as the sales will be more effective. With…

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Apr

Gbp/Usd 4h Chart Review

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Posted by admin as Daily forex analysis

A decline from the 1.5521 top to 1.5190 lows was made in three waves, which was just a correction of a temporary Gbp recovery that is still underway since the 1.4798 zone. Overall, the whole upward corrective move is unfinished, where another push above the 1.5521 region or even higher…

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Apr

Forex and Dow Jones Recommended Levels

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Posted by admin as Daily forex analysis

EUR/USD Today’s support: - 1.3316, 1.3278, 1.3240 and 1.3187(main), where correction is possible. Break would give 1.3331, where correction also may be. Then follows 1.3319. Break of the latter would result in 1.3303. If a strong impulse, we would see 1.3276. Continuation will give 1.3240 and 1.3187.

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Apr

Recession Woes Push Traders To Sell The Euro

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Posted by admin as Daily forex analysis

The euro traded near a three-month low against the pound on concern a European Union-led 45 billion euro aid package for Greece won’t stop the deficit crisis from spreading. Demand for Europe’s currency weakened before Greek transport workers go on strike today and after German Chancellor Angela Merkel said she…

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Apr

Today’s Market Outlook

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Posted by admin as Daily forex analysis

Correction from 1.3201, 23 Apr low, remains capped by 1.3422 thus far, keeping the broader downtrend in play. Downside loss of 1.3290/68 will open 1.3201/1.3190 for retest. Break above 1.3422, however, delays and opens stronger correction towards 1.3448/1.3520.

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