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Forexpros.com Daily Analysis - 07/05/2009
Expected moves in EURO/USD during important event day
EURO/USD was trading in the range of 1.3450-1.3230 area early in this week .It is expected to make highly volatile moves today during the BOE and ECB interest rate announcement time and also during ECB press conference time.
EURO/USD is expected to break the initial high (1.3356) and low (1.3278) set for the day during European and US sessions. A low in the range of 1.3150-1.3200 could be formed during European session and a high of 1.3450-1.3520 could be formed during US session before tomorrow another big event NFP data release.
GBP/USD- highly volatile moves expected today
GBP/USD was trading in the range of 1.5150-1.4980 area early in this week .It is expected to make highly volatile moves today during the BOE and ECB interest rate announcement time and also during ECB press conference time.
GBP/USD is expected to break the initial high (1.5156) and low (1.5101) set for the day during European and US sessions. A low in the range of 1.4850-1.4900 could be formed during European session and a high of 1.5200-1.5270 could be formed during US session before tomorrow another big event NFP data release.
Analysis by: Forex | Forex Trading | Currency Trading | Forex Brokers - Written by Dr. Sivaraman
Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
DISCLAIMER:
Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
Forexpros.com Daily Analysis - 05/11/2009
EURO/USD is expected to swing and slide for a day
EURO after making upward rise for week end as expected by us is going to slide today as week beginning false drop before further rise from mid week.
It has formed 1.3667 as high for today and then started the slide to 1.3592.it is expected to swing and slide further to 1.3487 area today.
GBP/USD is expected to swing and slide for today
GBP after making upward rise for week end as expected by us is going to slide today as week beginning false drop before further rise from mid week.
It has formed 1.5263 as high for today and then started the slide to 1.5192.it is expected to swing and slide further to 1.5037 area today.
Analysis by: Forex | Forex Trading | Currency Trading | Forex Brokers - Written by Dr. Sivaraman
DISCLAIMER:
Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
Forexpros.com Daily Analysis - 12/05/2009
EURO/USD- Volatile moves expected to lead to further rise
EURO/USD made the expected correction yesterday. Today it has formed the high (1.3616) and low (1.3564) during early Japanese session. It is expected to make volatile moves to cut the low and go below during European session to the expected area of 1.3500 and then rise from late European session to go above the high to the area of 1.3650 and above. Quick drops are buy opportunities during European session to book profit during US session quick rise.
GBP/USD is expected to swing and rise
GBP/USD made the expected correction yesterday. Today it has formed the high (1.5140) and low (1.5076) during early Japanese session. It is expected to make volatile moves to cut the low and go below during European session to the expected area of 1.5030 and then rise from late European session to go above the high to the area of 1.5250 and above. Quick drops are buy opportunities during European session to book profit during US session quick rise.
Analysis by: http://www.Forexpros.com - Written by Dr. Sivaraman
DISCLAIMER:
Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
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Forexpros.com Daily Analysis - 13/05/2009
EURO /USD to make volatile moves for mid week
EURO/USD made the firming up moves towards close of US session yesterday as expected.
Today EURO opened nominally up during start of Japanese session setting the high as 1.3721 and low as 1.3641.it is expected to slide initially up to low towards close of Japanese session and then rise during early European session near high and then slide from mid European session through early US session and near low it is expected to swing till close of US session.
GBP/USD to make volatile moves for a day
GBP/USD made the firming up moves towards close of US session yesterday as expected.
Today GBP opened nominally up during start of Japanese session setting the high as 1.5320 and low as 1.5253.it is expected to slide initially up to low towards close of Japanese session and then rise during early European session near high and then slide from mid European session through early US session and near low it is expected to swing till close of US session.
Analysis by: Forex | Forex Trading | Currency Trading | Forex Brokers - Written by Dr. Sivaraman
DISCLAIMER:
Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
Forexpros.com Daily Analysis - 14/05/2009
EURO/USD is expected to swing and rise for the day; EURO has made the higher level consolidation and made the drop as expected from 1.3721 to 1.3556 area yesterday.
Today the trading range during Japanese session is 1.3526-1.3600. Euro is expected to make a quick drop and recovery move below the low during the early European session and then swing and firm up during mid European session to drop again during late European and early US session and then rise quickly upward from mid US session to go above the high set for today.
GBP/USD is expected to swing near low and firm up as market surprise; GBP has made the higher level consolidation and made the drop as expected from 1.5331 to 1.5088 area yesterday. Today the trading range during Japanese session is 1.5100 -1.5159. GBP is expected to make a quick drop and recovery move below the low during the early European session and then swing and firm up during mid European session to drop again during late European and early US session and then rise quickly upward from mid US session to go above the high set for today.
Analysis by: http://www.Forexpros.com - Written by Dr. Sivaraman
DISCLAIMER:
Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
Forexpros.com Daily Analysis - 18/05/2009
EURO is expected to swing and rise
EURO made the high 1.3489 and low 1.3425.The drop is week beginning false move. It is expected to make a new low below the low briefly during close of Japanese session and then swing and rise during European session to dip again towards close of European session to rise during US session above high.
GBP/USD is expected to swing and rise
GBP made the high 1.5178 and low 1.5120.The drop is week beginning false move. It is expected to go near low briefly during close of Japanese session and then swing and rise during European session to dip again towards close of European session to rise during US session above high.
Analysis by: Forex | Forex Trading | Currency Trading | Forex Brokers - Written by Dr. Sivaraman
DISCLAIMER:
Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether Forex online trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
Forexpros.com Daily Analysis - 21/05/2009
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EUR-USD Watch the Breakout
As we head into the London session expect the highs and lows to be tested of the current range. The pair has consolidated within a 70 pip range. A move above the highs at 1.3830 would indicate a profit target of 1.3900 and beyond this 1.3990.
A sustained move below 1.3750 would indicate further selling into the 1.3680 area. Support is likely be found here. Further support extends down towards recent swing lows just above 1.3580.
The uptrend is still intact and strong on daily charts and hourlies. Hourly trend line support is currently at 1.3650 heading into the London session. Daily trend line support sits just above 1.3500
USD-JPY Continuation Pattern
The USD has fallen off over the last 2 days against the JPY. Certain chart patterns point to a continuation of this downtrend.
As we head into the London session a break from the current range is likely.
A sustained move above 94.70 would offer a profit target of 95.00-95.10. This level is expected to hold. Resistance beyond is found at 95.40 and again through 95.60-95.80.
A break below 94.40 would give early indication of selling pressure, but a break below 94.25 indicates another leg in the downtrend. Initial target for the downswing is 94.00 (a move just below is expected on initial probes). A move beyond this would indicate profit targets of 93.70 and the March 19 low in the 93.50 area.
Analysis by: Forex | Forex Trading | Currency Trading | Forex Brokers - Written by Cory Mitchell
DISCLAIMER:
Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
Forexpros.com Daily Analysis - 25/05/2009
The EUR-USD has seen selling in the early Tokyo session although the uptrend remains very much intact.
The pair remains in a uptrend with support at 1.3900. A break below 1.3990 would indicate a move to this level, but false breakout are common in early trading.
Two rising trend lines also provide support. One currently rests at 1.3900, and the other at 1.3800. The 1.3800 corresponds to an old resistance level on the hourly chart which now will act as support.
A move above 1.4050 would trigger an initial move to test 1.4100, and beyond that the December 30 high just above 1.4200.
USD-JPY Testing Short Term Trend Lines
The USD has once again seen selling in the early Monday sessions. After a late surge on Friday which broke through a short term hourly trend line, the selling is expected to resume as the longer term downtrend is still intact.
A rise above 95.00 would indicate a short term reversal and a test of the 96.00 and 96.50 levels.
A move below 94.30 is expected, and if prices hold below this level a test of the recent swing lows at 93.80 is likely. The profit target for a break below 93.80 is 92.70.
Analysis by: http://www.Forexpros.com - Written by Cory Mitchell
DISCLAIMER:
Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
Forexpros.com Daily Analysis - 26/05/2009
EUR-USD
With thin trading yesterday behind us, the lows of the range established during that time have been tested and exceeded on the downside. Price has since moved back up into the trading range between 1.4050 and 1.3955. Low of the range is now 1.3945 after the false breakout.
A break back below the low of 1.3945 would indicate a profit target of 1.3850. A move to this level would break the upward hourly trend line which started on May 18. A move beyond 1.3850 would signal a fuller correction and target 1.3750.
If the rate holds above 1.3900 and ultimately break above 1.4050 another upswing will target 1.4150. The December 30 highs of 1.4200 will provide resistance beyond. Moving past this level is unlikely today with the average daily range hovering around 150 pips. There is little resistance above 1.4200 if rates seek out the volatile highs of December 08.
USD-JPY
Through quiet trading yesterday the pair respected a prior swing high of 95.25. A drop below 94.60 would indicate another swing down, but confirmation would be a break of the 94.40 level. The break provides a profit target of 93.85, this corresponds to swing lows of May 22. The 93.50 level is significant and likely to provide further support. Beyond this the profit target is 92.50.
A break above resistance at 95.25 would indicate an initial target of 95.85-96.00 and beyond that 96.60.
Analysis by: Forex | Forex Trading | Currency Trading | Forex Brokers - Written by Cory Mitchell
DISCLAIMER:
Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
Forexpros.com Daily Analysis - 27/05/2009
EUR/USD
The pair has pushed below former lows at 1.3950. The daily low is 1.3933 and a break below this would signal a move to 1.3900. Short term trend line support is also just above this level currently. Failure to hold would provide a target of recent swing lows at 1.3850.
A push through 1.4000 targets 1.4050. Beyond 1.4130 and 1.4200, if rates continue to push higher.
Daily trend is still up.
USD/JPY Early Break
In early trading Tokyo trading the pair broke above a range which had been in place for nearly two days. This break puts initial targets 95.80. Minor resistance if every 20 pips higher till the 96.60 level.
A break back below 95.00 would indicate a false breakout and a test of the lows at 94.60. If rates move below this the next profit target is 94.00
Analysis by: http://www.Forexpros.com - Written by Cory Mitchell
Disclaimer:
Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.