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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.
Forecast on USD Majors (EURUSD, GBPUSD, USDJPY)
Written by Rajoo C Tuesday, 07 September 2010 06:31
EURUSDEURUSD closed @ 12875 which was BELOW the open and was within prior day's trading range. The High was 5 pips from Precise Trader's Res Zone 1 and the Low was PRECISELY at Precise Trader's Sup Zone 1. The Hourly Oscillators are Bearish and the Price is Within the MA, so the Bulls have to be Sidelined. Hourly Trend is Sideways Down while 12930 holds and Daily Trend is Up while 12580 holds, so expect the Price to be Choppy with a potential to Break Lower. The Daily Trend is ...
Forex Daily News: Euro Making Positive Moves
Written by UFX Bank Monday, 06 September 2010 07:24
USD Dollar (USD) – The Dollar fell against most major currencies in Forex Trading, as U.S. private employers added more jobs than forecast in August. This helped to ease concerns of a slowing recovery in the world’s biggest economy and boosted investors’ risk appetite. Payrolls came out at -54k vs. -101k forecast. The NASDAQ and Dow Jones advanced by 1.53% and 1.24%, respectively. Crude oil weakened by 0.6%, closing at $74.60 a barrel, while Gold (XAU) declined by 0.2%, closing at $1251...Forex Daily News: Double Dip?
Written by UFX Bank Friday, 03 September 2010 00:00
USD Dollar (USD) – The Dollar fluctuated against most major currencies after pending U.S. home resales unexpectedly rose, signaling the housing market may start to stabilize and boost investor appetite for higher yielding assets. The NASDAQ and Dow Jones advanced by 1.06% and 0.49% respectively, while crude oil rose by 1.5% to close at $75.02 a barrel. Gold (XAU) strengthened by 0.4%, closing at $1253.40 an ounce. Today, the Non-Farm Employment Change is expected to decline from -131K to...Forex Daily News: Words from China Premier Boost Euro
Written by UFX Bank Thursday, 02 September 2010 08:44
USD Dollar (USD) – The Dollar weakened against most major currencies in Forex Trading, after encouraging global data helped ease concerns over the global economic growth. In addition to this, the ADP report in US showed that employers in the U.S. cut only 10,000 jobs instead of the 20,000 that was forecast in August, and this in turn, boosted the stocks and commodities markets. NASDAQ and Dow Jones jumped by 2.97% and 2.54% respectively. Crude oil rose by 2.4%, closing at $73.91 a barrel...Read more: Forex Daily News: Words from China Premier Boost Euro
Forecast on Spot Gold (Spot Gold, NZDUSD, USDSGD)
Written by Rajoo C Thursday, 02 September 2010 06:47
Spot GoldSPOT GOLD closed @ 12440 which was BELOW 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 1 Dollars from Precise Trader's Sup Zone 1. The Hourly Oscillators are Bearish but Weak and the Price is Above the MA, so CAUTIOUS approach is needed for the Bears. Hourly Trend is Limited Up while 12340 holds and Daily Trend is also Limited Up while 12225 holds, so expect the price to have a Minimum Upside and...
Read more: Forecast on Spot Gold (Spot Gold, NZDUSD, USDSGD)
More Articles...
- Forecast on JPY Crosses (EURJPY, GBPJPY, AUDJPY)
- Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
- Forecast on USD Majors (EURUSD, GBPUSD, USDJPY)
- Forex Daily News: Euro Weak, but Edges Out Dollar
- 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 31, 2010 - Dollar Rebounds
- Forecast on Spot Gold (Spot Gold, NZDUSD, USDSGD)
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