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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.
UFXBank Daily Outlook - March 11, 2010
Written by UFX Bank Thursday, 11 March 2010 09:23
UFXBank Daily Review - March 11, 2010
Written by UFX Bank Thursday, 11 March 2010 07:30
Daily Review 11/03/2010USD Dollar (USD) – The Dollar fell against most majors as crude oil touched a two-month high, boosting the currencies of commodity producers. NASDAQ and Dow Jones advanced by 0.78% and 0.03% respectively, Crude oil increased by 0.65% closing at 82.02$ a barrel, Gold(XAU) fell by 1.7% closing at 1122.3$ an ounce, as uncertainty in the European markets lowered. Today, Trade Balance is expected at -40.9B vs. -40.2B prior, Initial Jobless Claims is expected to...
Forecast on Spot Gold (Spot Gold, NZDUSD, USDSGD)
Written by Rajoo C Thursday, 11 March 2010 06:38
Spot GoldSPOT GOLD closed @ 11095 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 2 Dollars from Precise Trader's Sup Tgt 2. The Hourly Oscillators are Bearish and the price is Below the MA, so the Bulls have to be sidelined. Hourly Trend is Corrective Down while 11280 holds and Daily Trend is Sideways Down while 11380 holds, so expect the price to be Choppy and Downside may be limited. The ...
Read more: Forecast on Spot Gold (Spot Gold, NZDUSD, USDSGD)
Forecast on JPY Crosses (EURJPY, GBPJPY, AUDJPY)
Written by Rajoo C Thursday, 11 March 2010 06:33
EURJPYEURJPY closed @ 12365 which was ABOVE the open and breached the previous day's high. The High was 10 pips from Precise Trader's Res Tgt 2 and the Low was PRECISELY at Precise Trader's Sup Tgt 1. The Hourly Oscillators are MIXED and the price is Above the MA, so CAUTIOUS approach is needed. Hourly Trend is Sideways while 12400 holds and Daily Trend is Turning Up while 11970 holds, so expect the price to be Choppy until the breakout happens. The Daily Trend was within prior...
Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by Rajoo C Thursday, 11 March 2010 06:30
USDCHFUSDCHF closed @ 10700 which was BELOW the open and breached the previous day's low. The High was 10 pips from Precise Trader's Res Zone 1 and the Low was 5 pips from Precise Trader's Hrly Level. The Hourly Oscillators are Bearish and the price is Below the MA, so the Bulls have to be sidelined. Hourly Trend is Sideways while 10780 holds and Daily Trend is also Sideways while 10545 holds, so expect the price to be Choppy with a Downside bias. The Daily Trend was within ...
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