 |
Currency Trading Blog |
Category: Forex MarketNovember 21, 2008 GBP/JPY Daily OutlookGBP/JPY breached 139.02 low and reaches 137.62 before recovering mildly. Short term outlook remains bearish as long as 147.90 resistance holds and further fall is expected to next target of 200% projection of 215.87 to 184.47 from 197.42 at 134.62. … AUD/USD Daily OutlookAUD/USD’s fall extends further to as low as 0.6705 before recovering mildly. At this point, intraday bias remains on the downside as long as 0.6419 minor resistance holds and further fall should be seen to retest 0.6008 low. On the … EUR/USD Daily OutlookEUR/USD recovers mildly after hitting inner trend line support. Recent development argues that triangle consolidation from 1.2329 is near to completion. Having said that, the current recovery is expected to be limited below 1.2819 resistance and bring fall resumption to … GBP/USD Daily OutlookGBP/USD weakens further to 1.4713 but recovers mildly. Nevertheless, intraday bias remains on the downside as long as 1.4900 minor resistance holds and further fall should be seen to retest 1.4557 low first. Break will confirm that recent decline from … USD/CHF Daily OutlookUSD/CHF’s rally extends to as high as 1.2296, meeting mentioned 100% projection of 1.0693 to 1.1746 from 1.1208 at 1.2261. At this point, intraday bias remains on the upside as long as 1.2097 minor support holds. Sustained trading above 1.2261 … USD/JPY Daily OutlookUSD/JPY dives further to as low as 93.55 before recovering mildly. At this point, intraday bias remains on the downside as long as 96.24 minor resistance holds. Further fall is expected to retest 90.92 low first. On the upside, above … Daily Report: Dollar and Yen Pare Overnight Gains as Stocks ReboundDollar and yen give up some overnight again today as Asian stock markets rebound after opening sharply low. Risk aversion initially dominated the markets as S&P 500 tumbled 6.7% to11 year low of 752.44 and after more than a month … November 20, 2008 Rupee weakens further - The Statesman
Forex Markets: A Look Into The Dollar Part I - istockAnalyst.com (press release)
Yen Surges on Another Day of Stock Market CrashThe Japanese yen surges across the board in US session following another day of crash in the US stock markets. S&P 500 tumbles 6.7% to 752.44, breaking though 2002 bear market low of 776.76 and made a new 11 year … USD/CAD Mid-Day OutlookUSD/CAD’s rally continues as expected and reaches as high as 1.2786 so far. At this point, intraday bias remains on the upside as long as 1.2545 minor support holds. Further rally is expected to test 1.3015 high. Break will confirm … EUR/JPY Mid-Day OutlookEUR/JPY’s break of 120.20 minor support flipped intraday bias back to the downside and argues that fall from 131.02 is resuming. Break of 117.67 will confirm this case and bring retest of 113.63 low first. On the upside, above 124.45 … EUR/USD Mid-Day OutlookNot change in EUR/USD’s outlook as its still bounded in converging range today . Intraday outlook remains neutral as long as 1.2389 minor support holds. Another rise cannot be ruled out towards 1.3290 high but , upside is expected be … GBP/USD Mid-Day OutlookGBP/USD’s break of 1.4900 minor support indicates that recovery from 1.4557 has completed at 1.5249 after being limited by 4 hours 55 EMA. Intraday bias is now back to the downside for retesting 1.4557 low first. Also, recent decline should … USD/JPY Mid-Day OutlookUSD/JPY dips further to 94.63 in early US session and as this point, intraday bias remains ont he downside as long as 97.13 resistance holds. As discussed before, with 4 hours MACD staying below signal line, fall from 100.54 is … NEW! Watch thousands of currency trading videos in Trader Currencies Video Directory
|
||||||
