Daily Recommended Trades
0
0
Daily Technical Outlook − Thursday 10.02.2008
Thu, Oct 2 2008, 06:38 GMT
by E-Forex Team
EURUSD
The Euro continues is under renewed pressure since the psychological bottom at 1.4 has been broken and the recent low at 1.3880 is on focus. A sustained break of the said support may open 1.3690. Both daily and hourly studies are bearish. On the upside, resistance starts at 1.4 followed by 1.4080 and 1.4160. Below 1.3880 support is formed at 1.3840, 1.3750 and 1.3690. Current quote is 1.3944 @06:35 GMT
Support levels: 1.3880/85, 1.3840, 1.3750 and 1.3690.
Resistance levels: 1.4, 1.4080 and 1.4160.
Market sentiment: long-term : bullish, mid-term : bearish, short-term : bearish
AUDUSD
Important support at .7800 is on focus while trading below the .7900 mark. Both daily and intraday studies are bearish and resistance levels at .7900/15 followed by .7980 and .8100 are seen as selling opportunities on potential pullbacks. Minor support is seen at .7850. Current quote is .7891 @06:35 GMT
Support levels: .7850 and .7800.
Resistance levels: .7900/15, .7980, .8050 and .8100.
Market sentiment: long-term : bearish, mid-term : bearish , short-term : bearish
EURCHF
The downside action resumed as the retracement to 1.5810 is over and the decline may extend towards recent lows at 1.5660. Resistance starts at 1.5750 followed by 1.5810 and 1.5860. Support is noticed at 1.5700 backed by 1.5660 and 1.5600. Both daily and intraday studies are bearish. Current quote is 1.5733 @06:35 GMT
Support levels: 1.5700, 1.5660 and 1.5600.
Resistance levels: 1.5750, 1.5810, 1.5850 and 1.5900.
Market sentiment: long-term : bullish, mid-term : neutral, short-term : bearish
Published on Thu, Oct 2 2008, 06:39 GMT
Archive
- Daily Technical Outlook
Published On Fri, Jul 3 2009, 06:06 GMT - Daily Technical Outlook
Published On Thu, Jul 2 2009, 06:01 GMT - Daily Technical Outlook
Published On Wed, Jul 1 2009, 06:15 GMT - Daily Technical Outlook
Published On Tue, Jun 30 2009, 06:06 GMT - Daily Technical Outlook
Published On Mon, Jun 29 2009, 06:06 GMT
E-Forex.ro
| Magheru Blvd. , 32-34, 010337, Sect. 1, Bucharest
http://www.e-forex.ro | office@e-forex.ro
Legal disclaimer and risk disclosure
Past performance does not guarantee similar performance in the future. Our forecasts do not constitute an offer to buy or sell, or the solicitation of an offer to buy or sell any foreign exchange transaction. E-Forex.ro accepts no responsibility or liability whatsoever for any expense. We do not warrant or guarantee the accuracy, timelines or completeness to the service or informations you find here.Related reports
Weekly Market Commentary - Libor and Official Interest rates are at their narrowest by Mizuho Corporate Bank
Fri, Jul 3 2009, 14:33 GMT
European Market Update - Spain June Services PMI: 41.2 v 39.1 prior by TradeTheNews.com
Fri, Jul 3 2009, 12:32 GMT
FX Thoughts for the Day by Kshitij Consultancy Service
Fri, Jul 3 2009, 12:23 GMT
Asia Market Update - Most Asian equities indices track the US session declines as nonfarm payrolls data disappoints by TradeTheNews.com
Fri, Jul 3 2009, 11:55 GMT
Daily Analysis - The Dollar gains as the markets tumble and investors seek a safe haven by Finotec Group Inc.
Fri, Jul 3 2009, 11:47 GMT
Related content
European Markets mixed, EUR rises and GBP lower
FXstreet.com | Fri, Jul 3 2009, 14:38 GMT
Forex: EUR/USD rebounds at 1.3980, back above 1.4000
FXstreet.com | Fri, Jul 3 2009, 11:46 GMT
CURRENCIES: Dollar Edges Higher In Thin Trade Ahead Of Holiday
Dow Jones | Fri, Jul 3 2009, 11:46 GMT
CORRECT: DATA SNAP:Euro-Zone Jun Output Decline Slows Further
Dow Jones | Fri, Jul 3 2009, 09:39 GMT
UPDATE: Euro-Zone Output Decline Slows Further In June
Dow Jones | Fri, Jul 3 2009, 09:30 GMT
Interested in forex trading? forex brokerage firms!
GET CASH BACK FOR YOUR TRADES! Learn more about the Pip Rebate Program
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.
©2009 "FXstreet.com. The Forex Market" All Rights Reserved.