Forecast on JPY Crosses (EURJPY, GBPJPY, AUDJPY)

Written by Rajoo C Thursday, 26 August 2010 07:22

EURJPY

EURJPY closed @ 10705 which was ABOVE the open and was within prior day's trading range. The High was PRECISELY at Precise Trader's Res Tgt 3 and the Low was 15 pips from Precise Trader's Sup Zone 1.   The Hourly Oscillators are Bullish but Weak and the Price is Within the MA, so CAUTIOUS  approach is needed for the Bulls. Hourly Trend is Sideways Up while 10625 holds and Daily Trend is Limited Down while 11035 holds, so expect the Price to be Choppy with a  potential to Break...

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Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)

Written by Rajoo C Thursday, 26 August 2010 07:17

USDCHF

USDCHF closed @ 10305 which was BELOW the open and was within prior day's trading range. The High was 15 pips from Precise Trader's Res Zone 1 and the Low was 15 pips from Precise Trader's Sup Tgt 2.   The Hourly Oscillators are MIXED and the Price is Below the MA, so CAUTIOUS  approach is needed. Hourly Trend is Sideways while 10380 holds and Daily Trend is also Sideways while 10560 holds, so expect the Price to be Choppy until the Breakout.  The Daily  Trend breached the Prior...

Read more: Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)

Forecast on USD Majors (EURUSD, GBPUSD, USDJPY)

Written by Rajoo C Thursday, 26 August 2010 07:12

EURUSD

EURUSD closed @ 12660 which was ABOVE the open and was within prior day's trading range. The High was 15 pips from Precise Trader's Res Tgt 2 and the Low was 10 pips from Precise Trader's Sup Zone 1.   The Hourly Oscillators are Bullish but Weak and the Price is Within the MA, so CAUTIOUS  approach is needed for the Bulls. 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...

Read more: Forecast on USD Majors (EURUSD, GBPUSD, USDJPY)

Forex Daily News: August 25, 2010 - Risk Aversion Boosts USD

Written by UFX Bank Wednesday, 25 August 2010 08:39

USD Dollar (USD) – The Dollar rose against other major currencies after industry data showed that U.S. existing home sales fell to their lowest level in 15 years (3.83M vs. 4.68M forecast), causing investors to sell higher yielding assets. The NASDAQ and Dow Jones weakened by 1.66% and 1.32% respectively, while crude oil fell by 2.0% to close at $71.36 a barrel, the lowest price in 11 weeks. Gold, on the other hand, (XAU) rose by 0.4and closed at $1233.40 an ounce. Today, Core Durable Goods...

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