Daily Forecast for Majors
March 15, 2010 by Forex District · Leave a Comment
EURUSD Forecast: The EURUSD failed to continue its bullish momentum yesterday, bottomed at 1.3640 and closed at 1.3674 after bad US TIC long term purchases number triggered risk aversion. This fact leads me to a no trading zone in the nearest term as direction is unclear but the bullish reversal scenario triggered by the triple [...]
Daily Forecast for Majors
March 14, 2010 by FX Instructor · Leave a Comment
EURUSD Forecast: The EURUSD had a significant technical movement on Friday by breaking above the major bearish channel. This confirms the bullish reversal scenario after it made a triple bottom formation around 1.3450/35 area. While the technical outlook is bullish in the nearest term targeting 1.3850 before an aim for 1.4025/50 region. On the fundamental [...]
Daily Forecast for Crosses
March 14, 2010 by FX Instructor · Leave a Comment
EURJPY Forecast The EURJPY attempted to push higher on Friday, topped at 125.19 but closed lower at 124.47. The bullish scenario, after it touched the double bottom around the 119.70 area, remains intact but we need a consistent move above 125.15 resistance area to continue further the bullish momentum targeting 126.90 area. The bias is [...]
Forex: The Risk Today
March 12, 2010 by AC-Markets · 3 Comments
The Risk Today: EurUsd We’re getting tantalizingly close to the big showdown between our current range (1.3425-1.3735 as if we could have possibly forgotten) and the reigning 3 month downtrend channel that has ruled the EURUSD kingdom since December’s break of the 12-month uptrend. With the US retail sales released later today, one can’t help [...]
Government Increases Pressure on the BoJ to Ease
March 12, 2010 by AC-Markets · Leave a Comment
Forex News and Events: The lack of 1st tier economic data and stories that have failed to capture the market’s imagination have kept FX markets in check. However, in Japan the rhetoric is really heating up, with even stronger worded comments regarding the stronger JPY and their perpetual fight against inflation, being hurled in to [...]
Forex: The Risk Today
March 11, 2010 by AC-Markets · Leave a Comment
The Risk Today: EurUsd There has been a tangible drop in the volatility within the 1.3425-1.735 trading range in the last week; with each of the last three rallies falling slightly short of the previous one, and 1.3530 repeatedly taking on the role of intra-range support. However there could be a change coming, and soon. [...]
Daily Forecast for Crosses
March 10, 2010 by FX Instructor · Leave a Comment
EURJPY Forecast The EURJPY had a significant bullish momentum yesterday, slipped above the trendline resistance, but still unable to stay consistently above it. After bullish momentum triggered by the double bottom formation around 119.70 area, price is now facing a double top formation around 123.99 area. A failure to break above that area and break [...]
Afternoon Forex Overview
March 10, 2010 by Dukascopy · Leave a Comment
Previous session overview The dollar rose versus the Japanese yen and British pound on Wednesday, but the euro managed to erase an earlier loss versus the greenback after stronger-than-expected manufacturing data from France and Italy. The euro traded at USD1.3620, up from USD1.3598 in late North American trading Tuesday. The single currency had been under [...]
