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Technical Analysis
Here you can find all the latest technical analysis created by the leading experts in the Forex field. Technical analysis looks at patterns or trends formed over time to help predict future currency movement. Technical indicators include RSI (Relative Strength Index), MACD (Moving Average Convergence), and 50 day moving average.
Forex Daily News: August 30, 2010 - GDP and Euro Rise
Written by UFX Bank Monday, 30 August 2010 07:03
USD Dollar (USD) – The Dollar weakened against most of the majors in Forex Trading, as an improvement in the market pushed investors towards riskier assets. The Prelim GDP came out 1.6% better than the expected 1.4%. The Michigan Consumer Sentiment Index came out 68.9 worse than an expected 69.4. The NASDAQ and Dow Jones jumped sharply by 1.65% and 1.65% respectively after a negative opening. Crude Oil closed positive for a third day after it soared by 2.8% and closed at $75.53 a barrel...Read more: Forex Daily News: August 30, 2010 - GDP and Euro Rise
Forecast on Spot Gold (Spot Gold, NZDUSD, USDSGD)
Written by Rajoo C Monday, 30 August 2010 07:00
Spot GoldSPOT GOLD closed @ 12380 which was UNCHANGED from the open and was within prior day's trading range. The High was 0.5 Dollars from Precise Trader's Res Tgt 1 and the Low was PRECISELY at Precise Trader's Sup Zone 1. The Hourly Oscillators are Turning Bearish and the Price is Within the MA, so the Bulls have to be CAUTIOUS. Hourly Trend is Turning Down while 12525 holds and Daily Trend is Limited Up while 12105 holds, so expect the price to Turn Down Soon, so the Bulls may...
Read more: Forecast on Spot Gold (Spot Gold, NZDUSD, USDSGD)
Forecast on JPY Crosses (EURJPY, GBPJPY, AUDJPY)
Written by Rajoo C Monday, 30 August 2010 06:57
EURJPYEURJPY closed @ 10870 which was ABOVE the open and breached the previous day's high. The High was 10 pips from Precise Trader's Res Zone 5 (U Turn Zone) and the Low was PRECISELY at Precise Trader's Sup Zone 1. The Hourly Oscillators are Bullish and the Price is Above the MA, so the Bears have to be Sidelined. Hourly Trend is Sideways Up while 10770 holds and Daily Trend is Turning Up while 10600 holds, so expect the Price to be Choppy with a potential to Break Higher. The Daily...
Forecast on Spot Gold (Spot Gold, NZDUSD, USDSGD)
Written by Rajoo C Friday, 27 August 2010 05:48
Spot GoldSPOT GOLD closed @ 12355 which was BELOW the open and was within prior day's trading range. The High was PRECISELY at Precise Trader's Res Zone 1 and the Low was PRECISELY at Precise Trader's Sup Tgt 1. The Hourly Oscillators are Bearish and the Price is Within the MA, so the Bulls have to be Sidelined. Hourly Trend is Turning Down while 12495 holds and Daily Trend is Limited Up while 12105 holds, so expect the price to Turn Down Soon, so the Bulls may stay Sidelined and the...
Read more: Forecast on Spot Gold (Spot Gold, NZDUSD, USDSGD)
Forecast on JPY Crosses (EURJPY, GBPJPY, AUDJPY)
Written by Rajoo C Friday, 27 August 2010 05:45
EURJPYEURJPY closed @ 10740 which was ABOVE the open and was within prior day's trading range. The High was PRECISELY at Precise Trader's Res Tgt 1 and the Low was 15 pips from Precise Trader's Sup Zone 1. The Hourly Oscillators are MIXED and the Price is Within the MA, so CAUTIOUS approach is needed. Hourly Trend is Sideways while 10675 holds and Daily Trend is Limited Down while 11035 holds, so expect the Price to be Choppy until Breakout. The Daily Trend was within the Prior ...
More Articles...
- Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
- Forecast on USD Majors (EURUSD, GBPUSD, USDJPY)
- Forex Daily News: August 27, 2010 - Pounding Back the USD
- forex-Metal Technical analysis for 26/08
- Forex Daily News: August 26, 2010 - EUR, GBP Make Gains
- Forecast on Spot Gold (Spot Gold, NZDUSD, USDSGD)
- Forecast on JPY Crosses (EURJPY, GBPJPY, AUDJPY)
- Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
- Forecast on USD Majors (EURUSD, GBPUSD, USDJPY)
- Forex Daily News: August 25, 2010 - Risk Aversion Boosts USD
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