Jun

Forex Technical Analytics

The pre-planned break-out variant for sales has been implemented with attainment of the anticipated targets. OsMA trend indicator, having marked rise in sales activity, suggests preference of bearish direction in planning trading operations for today. Therefore, at this point, considering ascending direction of indicator chart, we can assume probability of

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Jun

Forex Technical Update

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Posted by admin as Daily forex analysis

The EURUSD is currently trading at 1.2400 and in a clear downtrend but in the 4th correction wave and then a big 5 wave down to 1.19 atleast. Strong resistance at 1.2500 levels. We had suggested exporters to cover at every rise and we still maintain that. (Only EURO/USD leg

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Jun

Eur/Usd: 1.2456 Is Important

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Posted by admin as Daily forex analysis

Data as we go to a quiet day. Yesterday the data, and Spain’s successful debt markets relieved. Employment figures are still seen in the U.S. are suffering. This state of the market yesterday was obviously dying too often. No data available today can be followed closely. Are traded just below

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Jun

Forex and Dow Jones Recommended Levels

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Posted by admin as Daily forex analysis

EUR/USD Today’s support: - 1.2330. 1.2274 and 1.2238 (main), where correction is possible. Break would give 1.2192, where correction also may be. Then follows 1.2157. Break of the latter would result in 1.2136. If a strong impulse, we would see 1.2098. Continuation will give 1.2073.

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Jun

Technical Analysis Daily: GBP/USD

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Posted by admin as Daily forex analysis

After the deep correction on Wednesday, on Thursday Pound/Dollar recovered strongly, in converse with negative Interbank sentiment at nearly -28%. The Cable appreciated from 1.4649 to 1.4836 yesterday, closing the day at 1.4818. Today the pair continued inclining upwards, with an adequate impulse for now. First resistance is today’s top

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Jun

Daily FX Report

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Posted by admin as Daily forex analysis

As expected, the EUR/CHF continued its losses after it crossed the horizontal support level around 1.3855. Right now, the market is trading above the support level around 1.3750. If we don’t see a further break, we might see a short-term pull-back towards the level around 1.3855.

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Jun

USD Runs Out Of Steam As EUR Expected To Continue

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Posted by admin as Daily forex analysis

The euro headed for its biggest weekly advance against the dollar in a year as concerns eased that Europe’s debt crisis will slow the region’s growth. The 16-nation currency touched a three-week high versus the greenback as increased demand at a Spanish bond auction yesterday spurred optimism the nations in

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Jun

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 descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3458 and 1.4206.

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Jun

Today’s Market Outlook

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Posted by admin as Daily forex analysis

EURUSD Recovery off 1.1875, 07 Jun annual low, breached 1.2352 resistance yesterday, to open 1.2454/1.2485, 28 May high/76.4% retracement of 1.2671/1.1875 descend. 1.2345/39 should now underpin advance, while key support now stands at 1.2240, yesterday’s low, and break below here to signal bear resumption.

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Jun

Technical Analysis Daily: USD/JPY

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Posted by admin as Daily forex analysis

On Thursday Dollar/Yen continued the main decreasing trend from the beginning of this week, in line with the Interbank sentiment at nearly -59%. The currency couple depreciated from 91.43 to 90.54 yesterday, closing the day at 91.86. Today trading is hesitant with little descending efforts so far. On the 1

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