Technicals

Majors Daily Forecast 24 April 2014

By at 24 April, 2014, 7:46 am

Majors Daily Forecast 24 April 2014

EUR/USD Risk reward: 1.75 Trend: Up Buy at 1.3811 SL 1.3779 TP 1.3867 USD/JPY Risk reward: 1.50 Trend: Down Sell at 102.38 SL 102.70 TP 101.90 GBP/USD Risk reward: 1.69 Trend: Up Buy at 1.6781 SL 1.6749 TP 1.6835 USD/CHF Risk reward: 1.47 Trend: Down Sell at 0.8835 SL 0.8867 TP 0.8788 The current support/resistance …

Cable Descends After BoE Disappoints

By at 24 April, 2014, 7:15 am

Cable Descends After BoE Disappoints

GBP/USD Open 1.6777 High 1.6837 Low 1.6760 Close 1.6778 On Wednesday Pound/Dollar decreased with 75 pips. The Cable depreciated from 1.6837 to 1.6760 yesterday, in converse with the positive money flow sentiment at nearly +8%, closing the day at 1.6778. Today the British Pound is trading quietly, with movements at the lower half of yesterday’s …

Euro Boosted By Positive European PMIs

By at 24 April, 2014, 4:40 am

Euro Boosted By Positive European PMIs

EUR/USD Open 1.3817 High 1.3856 Low 1.3798 Close 1.3814 On Wednesday Euro/Dollar increased with 55 pips. The European currency appreciated from 1.3798 to 1.3856 yesterday, matching the positive money flow sentiment at almost +16%, closing the day at 1.3814. This morning the Euro is trading quietly, with movements within yesterday’s range for now. On the …

EURUSD failed to break above 1.3864 resistance

By at 24 April, 2014, 1:10 am

EURUSD failed to break above 1.3864 resistance

EURUSD failed to break above 1.3864 resistance, indicating that the pair remains in downtrend from 1.3905, the rise from 1.3785 could be treated as consolidation of the downtrend. As long as 1.3864 resistance holds, the downtrend could be expected to resume, and one more fall to 1.3750 area to complete the downward movement is still …

Dollar/Yen Strength Ebbs On Steady Euro Zone PMIs

By at 23 April, 2014, 9:33 am

Dollar/Yen Strength Ebbs On Steady Euro Zone PMIs

USD/JPY Open 102.61 High 102.73 Low 102.40 Close 102.58 On Tuesday Dollar/Yen traded within narrow 30 pip range. The currency couple depreciated from 102.73 to 102.40 yesterday, matching the negative money flow sentiment at nearly -10%, closing the day at 102.58. This morning the Dollar is trading quietly against the Yen, with movements within yesterday’s …

Majors Daily Forecast 23 April 2014

By at 23 April, 2014, 7:58 am

Majors Daily Forecast 23 April 2014

EUR/USD Risk reward: 1.62 Trend: Up Buy at 1.3798 SL 1.3766 TP 1.3850 USD/JPY Risk reward: 1.19 Trend: Down Sell at 102.64 SL 102.96 TP 102.26 GBP/USD Risk reward: 1.84 Trend: Up Buy at 1.6798 SL 1.6766 TP 1.6857 USD/CHF Risk reward: 1.34 Trend: Down Sell at 0.8854 SL 0.8886 TP 0.8811 The current support/resistance …

Cable Steady Ahead Of BoE Minutes

By at 23 April, 2014, 7:22 am

Cable Steady Ahead Of BoE Minutes

GBP/USD Open 1.6822 High 1.6840 Low 1.6783 Close 1.6821 On Tuesday Pound/Dollar increased with 40 pips. The Cable appreciated from 1.6783 to 1.6840 yesterday, in line with the positive money flow sentiment at around +16%, closing the day at 1.6789. Today the British Pound is trading quietly, with movements at the upper half of yesterday’s …

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Thursday, 24 April 2014,