FXstreet.com

Currency Matrix

This report has been deactivated

0

0

Currency Matrix

Sun, Apr 13 2008, 10:55 GMT

Global Market Research, Inc. (GMR)


Currency MatrixSM
14 April 2008


OVERVIEW: The three main trend trades, in order of priority, are MXN, Sterling and Aussie$. MXN is in a full-scale breakdown headed for 10.3936 for the month and 10.2176 for Q2. Bearish weekly trend is the driving force – and sell zone – above at 10.6116/10.6351 this week. Sterling is trend down on its weekly and day charts, with a negative weekly setup under combined weekly trend/Q2 area at 1.9880/1.9910. The trigger to accelerate lower is getting under the Q2 breakdown level at 1.9630. Finally, weekly trend in Aussie leans bullish this week above .9197/86, but is already inside its intramonth upside gap from .9212 to .9439/66. Elsewhere, Euro has the biggest potential for movement this week, with breakout risk below weekly uptrend at 1.5755/20 or above April(weekly) zone at 1.5855/(1.5915). Both $/JPY and $/Swiss are widespread and neutral from 98.51 to 102.71JPY and .9895/.9790 to 1.0175CH.


Archive

Global Market Research, Inc. (GMR)  | Montpelier, Vermont
http://www.globalmarketresearch.com | FXTechinfo@globalmarketresearch.com

Legal disclaimer and risk disclosure

GMR does not guarantee the accuracy or the completeness of the information or data provided here, on its website or in its newsletters. The opinions and trading strategies are for informational purposes only. GMR makes no warranty, express or implied, as to results to be obtained from the use of the information contained here, on its website or in its newsletters. GMR specifically disclaims the warranties of non-infringement, merchantability and fitness for a particular purpose. Without limiting any of the foregoing, in no event shall GMR be liable for any direct, indirect, special, punitive, consequential, incidental or any other damages (including lost profits) even if GMR has been advised of the possibility of such damages.


Interested in forex trading? forex brokerage firms!


ACM Advanced Currency Markets SA
Contact the broker/FDM
Open a demo account
FX Solutions LLC
Contact the broker/FDM
Open a demo account
Forex Capital Markets, LLC (FXCM)
Contact the broker/FDM
Open a demo account
Deutsche Bank
Contact the broker/FDM
Open a demo account
CitiFX Pro
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.

©2009 "FXstreet.com. The Forex Market" All Rights Reserved.