日本語
Español
中文
Русский 
- New York 11:23
- London 16:23
- Barcelona 17:23
- Tokyo 01:23
- Sydney 03:23
Daily Recommended Trades
13
0
Daily technical outlook
Wed, Nov 4 2009, 07:13 GMT
by Liviu Flesar
EURUSD
A look at the EURUSD chart over the last few days provides a clear image of how undecided the market is. Yesterday’s sell-off below the 1.4700 support provided the confirmation of recent fears regarding an extended correction towards mid 1.45s, but price reversed around 1.4630 – returning into the 1.4730 region where it is still conserving intra-day gains. Be aware that the 100 points recovery could be a temporary, hence ‘fake’ reversal which could be caused by yesterday’s rally in Gold which jumped to record highs at 1087 after India’s CB bought 200 tons of the yellow metal from the IMF, also increasing speculation that there may be more purchases. The ‘chop chop’ price action is likely to continue ahead of upcoming events: FOMC Interest Rate decision today, Europe and England’s Interest Rate decisions being next – tomorrow, and the last key event this week – NFP on Friday. Upside remains favored for now but downside risk is high as long as 1.4850 holds. A sustained break above 1.4850 would re-initiate the uptrend, therefore keep an eye on the said level in case of extended gains. Current quote is 1.4745 @07:10 GMT
Support: 1.4700, 1.4630/50, 1.4550 and 1.4500
Resistance: 1.4800, 1.4850, 1.4900/20 and 1.5000
GBPUSD
Intra-day studies are providing clue of more upside gains and first resistance is seen around 1.6500 – formed by a downward trend-line coming from 1.6695. A sustained break above 1.6500 would open 1.6700 as next target. On the lower side, support starts at 1.6400, backed by 1.6300, 1.6250/70 and 1.6200. Current quote is 1.6463 @07:10 GMT
Support: 1.6400, 1.6300, 1.6250/70 and 1.6200
Resistance: 1.6500, 1.6600 and 1.6700
Published on Wed, Nov 4 2009, 07:16 GMT
Archive
- Daily technical outlook
Published On Fri, Nov 20 2009, 07:00 GMT - Daily technical outlook
Published On Thu, Nov 19 2009, 07:03 GMT - Daily technical outlook
Published On Wed, Nov 18 2009, 06:35 GMT - Daily technical outlook
Published On Tue, Nov 17 2009, 07:03 GMT - Daily technical outlook
Published On Mon, Nov 16 2009, 07:20 GMT
InnerFX
| 10 Victoriei Blvd., Sibiu, 550024
http://www.innerfx.com | info@innerfx.com
Legal disclaimer and risk disclosure
InnerFX and/or its author(s) shall not be responsible for any loss arising from any investment or trading decision based on any recommendation, forecast, strategy or other information herein contained. The contents of this article should not be construed as an express or implied promise, guarantee or implication by InnerFX and/or its author(s) that readers and subscribers will profit from the strategies herein or that losses in connection therewith can or will be limited. Trades in accordance with the recommendations / strategy in an analysis, especially leveraged investments such as Foreign Exchange trading and investment in derivatives, can be very speculative and may result in losses as well as profits, in particular if the conditions mentioned in the analysis do not occur as anticipated. Trading in the Currency Exchange market is a challenging opportunity where above average returns are available to educated and experienced investors who are willing to take above average risk. Past performance does not guarantee similar performance in the future. Check http://www.innerfx.com/disclaimer for full disclaimer. You may not post this (or part of this) article to forums, newsgroups, mailing lists, electronic bulletin boards, websites, or other services, without the prior written consent of InnerFX.Related reports
Intraday Forex Technical Report - U.S. Update: More dollar corrections by FXstreet.com Independent Analyst Team
Fri, Nov 20 2009, 16:15 GMT
Daily Market Report - There are indications that the market is reducing its exposure to risk by Wells Fargo Investments, LLC
Fri, Nov 20 2009, 15:19 GMT
Fundamental Currencies Comments - Dollar climbs vs. majors by ecPulse.com
Fri, Nov 20 2009, 15:15 GMT
Currency Majors Technical Perspective by FXstreet.com Independent Analyst Team
Fri, Nov 20 2009, 14:22 GMT
The Daily Currency Analysis - TraderPlanet Daily Currency Analysis by TraderPlanet.com, LLC
Fri, Nov 20 2009, 14:10 GMT
Related content
Forex: EUR/USD ends week with moderate losses
FXstreet.com | Fri, Nov 20 2009, 21:27 GMT
ForexLive New York wrap-up: EUR/USD bounces after 1.4800 attack
Forex Live | Fri, Nov 20 2009, 20:58 GMT
Forex: GBP/USD fails to hold above 1.6500
FXstreet.com | Fri, Nov 20 2009, 20:35 GMT
Forex: EUR/USD rebounds at 1.4875 and falls to 1.4835
FXstreet.com | Fri, Nov 20 2009, 18:33 GMT
Forex: GBP/USD rises back above 1.6500
FXstreet.com | Fri, Nov 20 2009, 16:38 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.