Archive for July 14th, 2010

USD/JPY Technical Analysis 14 July 2010

USD/JPY 88.91 – 14 July 2010
USD/JPY Open 88.82 High 89.10 Low 88.02 Close 88.67
After the descent during the European session, on Tuesday afternoon Dollar/Yen increased, covering all earlier losses and more, not matching the positive Interbank sentiment at nearly -5%. The currency couple appreciated from 88.02 to 88.84 yesterday, closing the day at 88.67. This …

GBP/USD Technical Analysis 14 July 2010

GBP/USD 1.5224 – 14 July 2010
GBP/USD Open 1.5188 High 1.5257 Low 1.4967 Close 1.5175
After starting with slight decrease, on Tuesday Pound/Dollar climbed significantly, not exactly in line with the weak Interbank sentiment at around +7%. The Cable at first descended to 1.4967 yesterday, from where it rose up to 1.5194, closing the day at 1.5175. …

iFOREX.bg – Daily Forecast 14 July 2010

EUR/USD Sell at 1.2732 SL 1.2764 TP 1.2655

USD/JPY Buy at 88.87 SL 88.55 TP 89.59

GBP/USD Sell at 1.5240 SL 1.5272 TP 1.5152

USD/CHF Buy at 1.0553 SL 1.0521 TP 1.0637

EUR/USD Technical Analysis 14 July 2010

EUR/USD 1.2708 – 14 July 2010
EUR/USD Open 1.2717 High 1.2736 Low 1.2528 Close 1.2723
On Tuesday Euro/Dollar decreased at first, as expected, than recorder significant rise as risk appetite returns to the market. The European currency appreciated from 1.2528 to 1.2736 yesterday, not exactly matching the weak Interbank sentiment projection, at nearly +2%, closing the day …

EURUSD has formed a cycle bottom at 1.2523

EURUSD has formed a cycle bottom at 1.2523 level on 4-hour chart. Further rally would more likely be seen later today and next target would be at 1.2800 area. On the downside, the pair is facing the upper border of a price channel again, if the channel resistance holds, pullback to …