Forecast on USD Majors (EURUSD, GBPUSD, USDJPY)

Written by Rajoo C Friday, 27 August 2010 05:36

EURUSD

EURUSD closed @ 12715 which was ABOVE the open and was within prior day's trading range. The High was 5 pips from Precise Trader's Res Tgt 2 and the Low was 20 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 12595 holds and Daily Trend is also Sideways while 12935 holds, so expect the Price to be Choppy until the Breakout.  The Daily Trend breached the Prior ...

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Forex Daily News: August 27, 2010 - Pounding Back the USD

Written by UFX Bank Friday, 27 August 2010 00:00

USD Dollar (USD) – The Dollar weakened against the majors for the second day in a row as an improvement in the market pushed the investors towards riskier assets. The Initial Jobless Claims came out 473K better than the expected 485K. NASDAQ and Dow Jones fell by -1.07% and -0.74%, respectively, after a positive opening. Crude Oil closed positive for a second day at $73.07 a barrel. Gold (XAU) fell from its high level and closed at $1237 an ounce. Today, the Prelim GDP is expected at 1.4%...

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forex-Metal Technical analysis for 26/08

Written by Forex Metal Thursday, 26 August 2010 13:53

EURUSD
The pair has dropped to Fibonacci 1.26326. If the pair breaks this level and closes below, then the pair may continue declining. The next aim maybe found at 1.25690.
Resistance: 1.27009, 1.28630, 1.30277
Support: 1.25690, 1.23907, 1.21813
GBPUSD
If the pair stays below 1.54842 the pair will decline to 1.52523. If the pair stays above 1.54842. the pair will rise to 1.56722.
Resistance: 1.54842, 1.56722, 1.58543
Support: 1.52523, 1.50581, 1.48532
USDCHF
The MACD...

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Forex Daily News: August 26, 2010 - EUR, GBP Make Gains

Written by UFX Bank Thursday, 26 August 2010 07:42

USD Dollar (USD) – The Dollar traded mixed after the Core Durable Goods Orders came out at 3.8%, much weaker than the expected 0.5%. In addition, New Home Sales plunged to the lowest level since 1963. The report came out at 276K, worse than an expected 330K, tacking on more bad news to an already weakening economic recovery. NASDAQ and Dow Jones rose by 0.84% and 0.2% respectively after a negative opening. Crude Oil closed positive after earlier breaking the $71 level and soon recovered to...

Read more: Forex Daily News: August 26, 2010 - EUR, GBP Make Gains