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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.
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)
Forecast on JPY Crosses (EURJPY, GBPJPY, AUDJPY)
Written by Rajoo C Thursday, 02 September 2010 06:40
EURJPYEURJPY closed @ 10815 which was ABOVE the open and breached the previous day's high. The High was 15 pips from Precise Trader's Res Tgt 2 and the Low was 5 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 10645 holds and Daily Trend is also Sideways while 11120 holds, so expect the Price to be Choppy until Breakout. The Daily Trend...
Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by Rajoo C Thursday, 02 September 2010 06:31
USDCHFUSDCHF closed @ 10160 which was ABOVE the open and was within prior day's trading range. The High was PRECISELY at Precise Trader's Res Zone 1 and the Low was 10 pips from Precise Trader's Sup Tgt 2. The Hourly Oscillators are Turning Bullish and the Price is Within the MA, so the Bears have to be CAUTIOUS. Hourly Trend is Turning Up while 10065 holds and Daily Trend is Limited Down while 10375 holds, so expect the Price to Turn Up Soon, so the Bears may stay Sidelined and the...
Forecast on USD Majors (EURUSD, GBPUSD, USDJPY)
Written by Rajoo C Thursday, 02 September 2010 06:21
EURUSDEURUSD closed @ 12810 which was ABOVE the open and breached the previous day's high. 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 and the Price is Above the MA, so the Bears have to be Sidelined. Hourly Trend is Sideways Up while 12715 holds and Daily Trend is Turning Up while 12580 holds, so expect the Price to be Choppy with a potential to Break Higher. The Daily Trend...
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