[ARCHIVE] FOREX - Trends, Forecasts and Consequences (Episode 14: April 2012) - page 29
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Yeah... we should have stayed out of the market today...
Market needs catalysts
Review
"Thin" market caused ambiguous dynamics at the beginning of the week. Last week events (aggressive comments of the Fed and not the best report on the US labor market) did not add clarity either. At the beginning of Asian session the Euro was under pressure, declined from 1.31 to 1.3035. But later the pair started to recover and within the limits of ascending movement tried to overcome the resistance at 1.3070, but not too successfully.
Forecast
The forthcoming trading session, most likely, will not be much more interesting. America and Europe are still celebrating Easter and some investors are staying out of the market. Therefore it is quite possible that prices will still be held within the range bounded by the levels 1.3035 - 1.3100. An empty economic calendar will also contribute to such dynamics. Support is seen at 1.3000. The next resistance level is at 1.3160.
© FOREX CLUB Group, Irina Rogova
Keyword: ECONOMY
09-Apr-2012 13:02:46 (UTC+2)
USDCAD nobody going to sell, I have a robot waiting for confirmation
)))) Acknowledged!
USDCAD is not going to sell, I have a robot waiting for confirmation
WTI trades near $101.31 on the back of Iran returning to the negotiating table and giving the market some positive, although not entirely unambiguous signals. The Canadian rose on Thursday on the back of a very strong local employment report, but later regained ground after the release of the US labour market report.
Resistance in the pair is at 1.0030/35, but the key level is 1.0050. We recommend you to sell closer to these levels.
Keyword: FOREX
09-Apr-2012 15:52:14 (UTC+2)