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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 18, 2010

Written by UFX Bank Thursday, 18 March 2010 09:52

 

UFXBank Daily Outlook - March 18, 2010

Written by UFX Bank Thursday, 18 March 2010 07:36

Daily Review 18/03/2010

 

USD Dollar (USD) – The Dollar weakened against most majors after Wholesale prices in the U.S. fell in February more than anticipated and U.S. central banks pledged to keep interest rates near zero.  NASDAQ and Dow Jones advanced by 0.45% and 0.47% respectively, Crude Oil rose by 1.5% closing at 82.92$ a barrel, Gold(XAU) increased  by 0.14% closing at 1124.1$ an ounce. Today, Core CPI is expected to rise from -0.1% to 0.1%, Unemployment Claims are expected at...

Read more: UFXBank Daily Outlook - March 18, 2010

 

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

Written by Rajoo C Thursday, 18 March 2010 06:54

Spot Gold

SPOT GOLD  closed @ 11255 which was UNCHANGED from 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 2.5 Dollars from Precise Trader's Sup Tgt 1.   The Hourly Oscillators are Bearish and the price is Above the MA, so the Bulls have to be sidelined. Hourly Trend is Corrective Down while 11330 holds and Daily Trend is Sideways Up while 10905 holds, so expect the price  to be Choppy with a Downside bias.  ...

Read more: Forecast on Spot Gold (Spot Gold, NZDUSD, USDSGD)

   

Forecast on JPY Crosses (EURJPY, GBPJPY, AUDJPY)

Written by Rajoo C Thursday, 18 March 2010 06:47

EURJPY

EURJPY closed @ 12405 which was BELOW the open and was within prior day's trading range. The High was 15 pips from Precise Trader's Res Tgt 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 12480 holds and Daily Trend is Sideways while 12135 holds, so expect the price  to be Choppy with a Downside bias.   The Daily Trend was within...

Read more: Forecast on JPY Crosses (EURJPY, GBPJPY, AUDJPY)

 

Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)

Written by Rajoo C Thursday, 18 March 2010 06:42

USDCHF

USDCHF closed @ 10540 which was UNCHANGED from the open and was within prior day's trading range. The High was 10 pips from Precise Trader's Res Zone 1 and the Low was PRECISELY at Precise Trader's Sup Tgt 1.   The Hourly Oscillators are Bullish but Weak and the price is Below the MA, so CAUTIOUS  approach is needed for the Bulls. Hourly Trend is Sideways while 10615 holds and Daily Trend is Sideways Down while 10705 holds, so expect the price to be Choppy and Downside may be...

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

   

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