Archive for July 6th, 2010

USD/JPY Technical Analysis 6 July 2010

USD/JPY 87.82 – 6 July 2010
USD/JPY Open 87.64 High 88.00 Low 87.42 Close 87.75
On Monday Dollar/Yen continued decreasing, not matching the positive Interbank sentiment at nearly +10%. The currency couple depreciated from 88.00 to 87.66 yesterday, closing the day at 87.75. Today the pair made an upward correction, but it’s trading without clear direction for …

GBP/USD Technical Analysis 6 July 2010

GBP/USD 1.5189 – 6 July 2010
GBP/USD Open 1.5125 High 1.5208 Low 1.5081 Close 1.5132
On Monday Pound/Dollar was trading downwards, matching the negative Interbank sentiment at nearly -3%. The Cable depreciated from 1.5197 to 1.5091 yesterday, closing the day at 1.5132. Today, after partial further weakening, the pair renewed recovering. On the 1 and 3 hour …

iFOREX.bg – Daily Forecast 6 July 2010

EUR/USD Buy at 1.2519 SL 1.2487 TP 1.2596

USD/JPY Buy at 87.51 SL 87.19 TP 88.23

GBP/USD Buy at 1.5120 SL 1.5088 TP 1.5208

USD/CHF Sell at 1.0620 SL 1.0652 TP 1.0536

EUR/USD Technical Analysis 6 July 2010

EUR/USD 1.2530 – 6 July 2010
EUR/USD Open 1.2537 High 1.2562 Low 1.2480 Close 1.2536
On Monday Euro/Dollar decreased insignificantly. The European currency depreciated from 1.2562 to 1.2510 yesterday, in converse the Interbank sentiment projection, at nearly +4%, closing the day at 1.2536. This morning the pair is trying to resume recovery. On the 1 hour chart …

USDCHF is forming a cycle bottom at 1.0578

USDCHF might be forming a cycle bottom at 1.0578 level on 4-hour chart. Key resistance is at the upper border of the falling price channel, now at 1.0685, a clear break above the channel resistance could confirm the cycle bottom, then further rise could be seen to 1.0750-1.0800 area. As long …