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Forecast on USD Majors (EURUSD, GBPUSD, USDJPY)
Thu, Jul 2 2009, 06:15 GMT
by Rajoo C
FREE 1 week Trial
Daily Reports (Trends, Precise Entry & Exit levels and Strategies) on 9 Crosses- USD Majors, USD Minors & JPY Crosses.EURUSD
EURUSD breached the prior day's high but gave up some of the gains and closed @ 14145 which was above the open.ECB rate announcement & Non Farm Payroll. The Hourly Oscillators bullish but weak and the price is above the MA, so Cautious approach is needed. Hourly Trend is Sideways and Daily Trend is also Sideways, so expect the price to be choppy. Due to slew of data out today and shortened trading week expect the market to be quiet before the data. The Patterns are very noisy but expect the market to stable @ 14040-14000 level if the bullish sentiment to remain. We prefer to be Sidelined or strictly trade only at our levels as the price swings are quite wild.
GBPUSD
GBPUSD turned down precisely at our level @16550 and closed @ 16480 which was marginally above open. ECB rate announcement & Non Farm Payroll. The Hourly Oscillators are bullish but weak and price is resting on the MA, so the Cautious approach is needed. Hourly Trend is Sideways and Daily Trend is also Sideways, so expect the price to be choppy. Due to slew of data out today and shortened trading week expect the market to be quiet before the data. The Patterns are quite noisy but price should not go below 16415-16360 level if the bullish sentiment is to be maintained. We prefer to be Sidelined or strictly trade only at our levels.
USDJPY
USDJPY drifted higher as suggested and closed @ 9670 which was above the open. ECB rate announcement & Non Farm Payroll. The Hourly Oscillators are mixed and price is above the MA, so Cautious approach is needed. Hourly Trend is Sideways and Daily Trend is also Sideways, so expect the price to be choppy. Due to slew of data out today and shortened trading week expect the market to be quiet before the data. The patterns are quite noisy and we have no suggestions. We prefer to Sidelined or strictly trade only at our levels.
Published on Thu, Jul 2 2009, 06:17 GMT
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- Forecast on USD Majors (EURUSD, GBPUSD, USDJPY)
Published On Fri, Nov 6 2009, 06:08 GMT - Forecast on USD Majors (EURUSD, GBPUSD, USDJPY)
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Published On Tue, Nov 3 2009, 06:27 GMT - Forecast on USD Majors (EURUSD, GBPUSD, USDJPY)
Published On Mon, Nov 2 2009, 06:36 GMT
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