Friday, September 3, 2010

EURUSD Weekly Summary: January 09

As you can see on my h4 chart below, price still trapped in range area of 1.4250 – 1.4450/80.

The Fed Is Unsure

This may not come as the biggest piece of news in recent years, but there’s a direct implication here for currency traders; if the Fed is unsure of policy

EURUSD Forecast: Slipped below 1.4250

Looks like the double bottom support failed to prevent the bearish pressure a this phase.

Daily Forecast for Crosses: December 23

The EURJPY continued its bullish momentum yesterday, topped at 131.06 and closed at 130.86.

GBPUSD Daily Forecast: December 23

The GBPUSD continued its bearish momentum yesterday, break below psychological level 1.6000

USDJPY Daily Forecast: December 23

The USDJPY continue its bullish momentum yesterday, topped at 91.85 and closed at 91.81.

USDCHF Daily Forecast: December 23

I don’t see significant bearish correction signal so far, so I am expecting further bullish continuation at this phase.

EURUSD Forecast: Bearish continues, re-testing double bottom support around 1.4250/60 area

This fact should keep the pressure on Euro re-testing 1.4250/60 support area today.