Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)

Written by Rajoo C Tuesday, 24 August 2010 06:34

USDCHF

USDCHF closed @ 10410 which was ABOVE the open and breached the previous day's high. The High was 5 pips from Precise Trader's Hrly Level and the Low was 5 pips from Precise Trader's Sup Zone 1.   The Hourly Oscillators are Bullish and the Price is Within the MA, so the Bears have to be Sidelined. Hourly Trend is Sideways while 10310 holds and Daily Trend is also Sideways while 10630 holds, so expect the Price to be Choppy until the Breakout.  The Daily  Trend was within  the Prior...

Forecast on USD Majors (EURUSD, GBPUSD, USDJPY)

Written by Rajoo C Tuesday, 24 August 2010 06:31

EURUSD

EURUSD closed @ 12655 which was BELOW the open and breached the previous day's low. The High was 5 pips from Precise Trader's Res Zone 1 and the Low was 5 pips from Precise Trader's Sup Tgt 1.   The Hourly Oscillators are Bearish but Oversold and the Price is Below the MA, so CAUTIOUS  approach is needed for the Bears. Hourly Trend is Sideways Down while 12745 holds and Daily Trend is also Sideways Down while 13000 holds, so expect the Price to be Choppy with a  potential to Break...

Forex Daily News: August 23, 2010 - Dollar Rising Fast

Written by UFX Bank Monday, 23 August 2010 09:42

USD Dollar (USD) – The Dollar continued to rise against other major currencies on Friday, as fears of a slowdown in the global economic recovery were bolstered by worse than expected U.S. jobless claims. The report, which came out on Thursday, showed that claims had risen to their highest level since November 2009 and caused investors to sell off risky assets. The NASDAQ strengthened by 0.04% and the Dow Jones weakened by 0.56%. Crude oil weakened by 1.3% closing at $73.40 a barrel, while...

Forecast on Spot Gold (Spot Gold, NZDUSD, USDSGD)

Written by Rajoo C Monday, 23 August 2010 07:18

Spot Gold

SPOT GOLD  closed @ 12280 which was BELOW the open and was within prior day's trading range. The High was 0.5 Dollars from Precise Trader's Res Zone 1 and the Low was 2 Dollars from Precise Trader's Sup Zone 5 (U Turn Zone).   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 12415 holds and Daily Trend is Limited Up while 12085 holds, so expect the price  to Turn Down Soon, so the Bulls may...