Skip to main content

 
Technical Analysis
EUR/USD
Similarly to what is happening all across the board, the USD bullishness did not skip this pair as well. It appears that the local EUR/USD bearish momentum might be taking the pair to 1.2600 levels. There are still bearish signals on one hourly chart, yet it seems that pair is overlooking all technical aspects. Going short wit tight stop might be the right choice today.

GBP/USD
A bearish formation on the daily chart is still intact; however the momentum is already quite low. The 4 hour chart is also maintaining a slightly bearish configuration yet with no distinct conclusion. The Bollinger Bands are tightening which indicates that the break might be imminent. Traders are advised to hold for the break and then swing into it.

USD/JPY
The pair is continuing its bearish movement with full steam, as it breached the 97.60 support level. The daily chart shows that the current price has dropped beneath the Bollinger Band's lower boarder, indicating that the bearish move has more steam in it. Going short seems to be a preferable choice today.

USD/CHF
The very strong resistant level of 1.1650 has been breached, and the pair is extending its bullish journey. An upwards momentum on the hourly chart's Slow Stochastic suggests that the pair may extend its bullish trend. Going long with tight stop might be the right strategy today


Visit - Http://www.DailyForexTips.Cn




Ishare

Comments

Post a Comment

Popular posts from this blog

Can equities rally survive EU turmoil?

September 19, 2011 Market Watch Can equities rally survive EU turmoil? Here we are in the premarket with the futures and the EUR/USD pointing south with the Greenback pointing north. The more they greet this news with concern, the quicker it will resolve… Read More Oil watching for demand destruction from Greek debt Global oil markets are falling as the Greece problem continues to weigh on market sentiment. Market odds put a Greek default at 98% and rising… Read More EU debt crisis dominates world markets The ongoing attempt by Germany, France and others to find a way to keep Greece from defaulting on its debt seems to me to be an exercise in futility… Read More Stock market gains suggest bear market rally...
Post a Comment
Read more

Yokepost Forex: A Comprehensive Resource for Financial Trading

Yokepost Forex: A Comprehensive Resource for Financial Trading Introduction: Yokepost Forex is a valuable online platform that caters to individuals seeking information and insights into the world of forex trading. With its user-friendly interface, comprehensive content, and expert analysis, Yokepost Forex stands out as a reliable resource for both novice and experienced traders. In this review, we explore the key features and benefits of Yokepost Forex, highlighting its commitment to providing valuable content and fostering a thriving trading community. 1. User-Friendly Interface: Yokepost Forex impresses with its intuitive and well-organized interface. Navigating through the website is a breeze, allowing users to quickly access the information they need. The layout is clean, and the inclusion of clear categories and sections makes it easy to explore various aspects of forex trading. 2. Comprehensive Forex Content: One of the strengths of Yokepost Forex lies in its wide range of comp...
Post a Comment
Read more

Margin In Forex Trading

Margin In Forex Trading By: ActionForex.com What is Margin? Margin is the amount of equity that must be maintained in a trading account to keep a position open. It acts as a good faith deposit by the trader to ensure against trading losses. A margin account allows customers to open positions with higher value than the amount of funds they have deposited in their account. Trading a margin account is also described as trading on a leveraged basis. Most online forex firms offer up to 200 times leverage on a mini contract account. The mini contract size is usually 10,000 currency unit, 1/200th of 10,000 equals to 50 currency unit, meaning only 0.5% margin is required for open positions. Compare to future contracts, which require 10% margin for most contracts, and equities require 50% margin to the average investor and 10% margin to the professional equity traders, foreign exchange market offers the highest leverage among the other trading instruments. The equity in excess of the ...
Post a Comment
Read more