•  
  • New York 06:17
  • London 10:17
  • Barcelona 11:17
  • Tokyo 19:17
  • Sydney 21:17

  • SignUp | Login

Forecast on USD Majors (EURUSD, GBPUSD, USDJPY)

Thu, Jul 2 2009, 06:15 GMT
by Rajoo C

Precise Trader  |  View company's profile


FREE 1 week Trial

Daily Reports (Trends, Precise Entry & Exit levels and Strategies) on 11 Crosses (USD Majors, USD Minors & JPY Crosses) and Spot Gold.
Vote:

1

0

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


Precise Trader Pte. Ltd | 13-84 Office Tower 2, The Central, 8 Eu Tong Sen Street. 059818 Singapore
http://www.precisetrader.com/ | info@precisetrader.com

Archive


Legal disclaimer and risk disclosure

Day trading in Foreign Exchange or Forex is risky. Losses can be significant. Past results are not indicative of future returns. Day trading generally is not appropriate for someone of limited resources and limited investment or trading experience and low risk tolerance. The content on this site is aimed solely for the use of EXPERIENCED investors in the foreign exchange market as the contents are intended to be understood by professional users who are fully aware of the inherent risks in Day trading. Your use of the information is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any information mentioned herein. Furthermore, PreciseTrader.com does not warrant or guarantee the accuracy, timeliness or completeness of its service or information contained therein. PreciseTrader.com does not give, whatsoever, warranties, expressed or implied, to the results to be obtained by using its services or information it has provided. Users are trading at their own risk and PreciseTrader.com shall not be responsible under any circumstances for the consequences of such trading activities. PreciseTrader.com and its affiliates, in no event, will be liable to users or any third party for any consequential damages, however arising, including but not limiting to damages caused by negligence whether such damages were foreseen or unforeseen. All information provided in the service is proprietary to PreciseTrader.com and may not be copied or redistributed without prior written approval of PreciseTrader.com. PreciseTrader.com shall not be liable for any damages or costs arising out of your use of any of the services or companies accessed through the linkage to our web site over the Internet.
Vote:

1

0

Related reports

Financial Trend Analysis Strategy: Short EURUSD by Financial Trend Analysis
Mon, Mar 22 2010, 08:40 GMT

The curves in both the US and Germany flattened in a bearish to mixed way by KBC Bank
Mon, Mar 22 2010, 08:12 GMT

The Greek Tragedy: Euro hurting as EU summit approaches by FXstreet.com
Mon, Mar 22 2010, 08:11 GMT

USD Still Gaining Ground by ACM - Advanced Currency Markets
Mon, Mar 22 2010, 08:04 GMT

Daily Forex Overview by Dukascopy Swiss FX Group
Mon, Mar 22 2010, 08:03 GMT

employment, eurusd, trichet, ecb, centralbanks, nfp, gbpusd, usdjpy

[ View All ]

Related content


Interested in forex trading? forex brokerage firms!


MG Financial Group
Contact the broker/FDM
Open a demo account
FOREX.com
Contact the broker/FDM
Open a demo account
GO Markets
Contact the broker/FDM
Open a demo account		Alpari (UK) Limited
Contact the broker/FDM
Open a demo account		M I G BANK
Contact the broker/FDM
Open a demo account

GET CASH BACK FOR YOUR TRADES!   Learn more about the Pip Rebate Program

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.

Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

©2010 "FXstreet.com. The Forex Market" All Rights Reserved.