Archive for July 22nd, 2010

USD/JPY Technical Analysis 22 July 2010

USD/JPY 86.77 – 22 July 2010
USD/JPY Open 86.90 High 87.42 Low 86.43 Close 87.02
Dollar/Yen started decreasing on Wednesday, in converse with the positive Interbank sentiment at nearly +11%. The currency couple depreciated from 87.42 to 86.84 yesterday, closing the day at 87.02. This morning descending extended down to 86.43. On the 1 hour chart the …

GBP/USD Technical Analysis 22 July 2010

GBP/USD 1.5198 – 22 July 2010
GBP/USD Open 1.5182 High 1.5328 Low 1.5124 Close 1.5163
After some hesitation, on Wednesday Pound/Dollar sharply dropped again, in converse with the positive Interbank sentiment at nearly +13%. The Cable depreciated from 1.5328 to 1.5124 yesterday, closing the day at 1.5163. Today the pair is trading without clear direction for now. …

iFOREX.bg – Daily Forecast 22 July 2010

EUR/USD Sell at 1.2785 SL 1.2817 TP 1.2708

USD/JPY Sell at 86.55 91 86.87 TP 85.83

GBP/USD Sell at 1.5197 SL 1.5229 TP 1.5109

USD/CHF Buy at 1.0483 SL 1.0451 TP 1.0567

EUR/USD Technical Analysis 22 July 2010

EUR/USD 1.2779 – 22 July 2010
EUR/USD Open 1.2768 High 1.2910 Low 1.2733 Close 1.2752
After some hesitation, on Wednesday Euro/Dollar continued dropping. The European currency depreciated from 1.2910 to 1.2733 yesterday, not matching the neutral Interbank sentiment projection, at -0.5%, closing the day at 1.2752. This morning the pair is moving tentatively for now. On the …

USDCAD is forming a triangle pattern

USDCAD is forming a triangle pattern on daily chart. Resistance is at the upper boundary of the pattern, now at 1.0605, a clear break above this level will indicate that the uptrend form 0.9930 has resumed, then another rise towards 1.0852 (May 25 high) could be seen. Support is located at …