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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.
Greek PSI Developments and US NFPs Likely Sources of Next Volatility
Written by DailyFX Friday, 03 February 2012 12:21
Euro needs break above 1.3235 or below 1.3025 for directional bias Price action in EUR/USD to dictate direction of broader markets Greek PSI developments could be the source for next round of volatility Market participants also focused on US NFPsEuro gains have stalled out, and in the end, it has been a week of consolidation in the markets. EUR/USD remains the key market to watch for broader directional insight, and the critical short-term levels to watch above and below come in by...
Read more: Greek PSI Developments and US NFPs Likely Sources of Next Volatility
Crude Oil, Metals Likely to Rise if US Jobs Data Stokes QE3 Bets
Written by DailyFX Friday, 03 February 2012 12:18
Talking Points Crude Oil, Copper May Rise if Weaker NFP Print Stokes QE3 Expectations Gold, Silver Continue to Focus on Inflation Outlook Before US Jobs ReportWTI Crude Oil (NY Close): $96.36 // -1.25 // -1.28%
Crude oil continued to move lower yesterday as fears of an imminent blow-up of tensions between Iran and Western powers continued to unwind. The focus now turns to the closely watched US Employment report. Consensus forecasts call for the economy to add 140,000 to mark a...
Read more: Crude Oil, Metals Likely to Rise if US Jobs Data Stokes QE3 Bets
Fundamental Precious Metals
Written by ecPulse.com Friday, 03 February 2012 12:16
Gold is mixed ahead of the U.S. jobs report 205As this week comes to an end, many factors are affecting the metal's movement today, where gold is mixed now and could be very volatile during the session as markets are waiting for the jobs report from the world's largest economy in addition to the several important data from the euro-area region and the United Kingdom.
Gold fluctuated heavily so far between the highest level recorded at $1760.5 and the lowest level of $1755.18 per...
Technical Cross
Written by ecPulse.com Friday, 03 February 2012 12:15
Great British Pound vs. Japanese Yen (GBP / JPY)Midday Report
The pair is still trading positively, supported by SMA 50, while Stochastic is still positive over 4-hour basis. Therefore, our morning expectations remain as they are unless we witness a clear breach of 119.90.
The trading range for today is among the major support at 119.90 and the major resistance at 122.25.
The short-term trend is to the downside as far as 150.00 remains intact targeting 112.00.
Previous Report
Weekly...
Technical Precious Metals
Written by ecPulse.com Friday, 03 February 2012 12:13
GoldMidday Report
The metal reached the resistance level at 1763.00 as expected, while the upside bias is still valid, but overbought signs seen on Stochastic contradicts the positivity seen on RSI, which drives us to remain neutral for the rest of the session today. Consolidation above the resistance level could trigger a strong bullish wave.
The trading range for today is among the key support at 1702.00and key resistance now at 1794.00.
The short-term trend is to the upside...
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