日本語
Español
中文
Русский 
- New York 11:29
- London 16:29
- Barcelona 17:29
- Tokyo 01:29
- Sydney 03:29
Daily Recommended Trades
7
0
Daily technical outlook
Fri, Nov 6 2009, 07:01 GMT
by Liviu Flesar
Quote of the day: We cannot truly plan, because we do not understand the future – but this is not necessarily a bad news. We could plan while bearing in mind such limitations. It just takes guts. – Nassim Nicholas Taleb
EURUSD
The euro holds steady and yesterday’s range has been 30% tighter than average but the 100 points gain was just enough to close above 1.4850 which is an important bullish confirmation, hence short-term sentiment turning positive. Intra-day studies are also bullish and more upside action is likely. However, since it is Friday already I think it is not the right day to look for rallies past the 1.5000 mark – a range of 1.48-1.5 seem more likely today. Today’s Unemployment data release in the U.S. is the most important event and may cause some wild price action. The NFP is expected to print -165k while the Unemployment Rate is expected to come close to 10% – at 9.9%, increasing from last month’s 9.8%. Here is a clear image of unemployment from 2004 to present (source: Flowingdata.com via The Big Picture). Current exchange rate is 1.4870 @07:00 GMT
Support: 1.4850, 1.4800, 1.4740/50 and 1.4700
Resistance: 1.4930/50, 1.5000 and 1.5050/60
GBPUSD
Cable managed to climb higher against the dollar on yesterday, reaching a daily high at 1.6635 – where resistance was formed by the falling trend line coming from 1.7040 through 1.6695 as seen in the daily chart below. Short-term sentiment is bullish and more gains are likely, 1.6700 being the next objective – followed by 1.7000 a bit higher. On the lower side, support starts at 1.6550, backed by 1.6500 and 1.6400. As long as 1.6400 stays on the South region – upside will be favored, short-term bullishness remaining intact. Current exchange rate is 1.6588 @07:00 GMT
Support: 1.6550, 1.6500 and 1.6400
Resistance: 1.6635/50, 1.6700 and 1.6800
Have a great day and happy trading!
Published on Fri, Nov 6 2009, 07:06 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.