Archive for July 28th, 2010

USD/JPY Technical Analysis 28 July 2010

USD/JPY 87.88 – 28 July 2010
USD/JPY Open 87.77 High 88.11 Low 86.85 Close 87.87
Dollar/Yen climbed strongly on Tuesday, covering all losses from the previous day and more, in converse with the negative Interbank sentiment at nearly -18%. The currency couple appreciated from 86.85 to 87.98 yesterday, closing the day at 87.87. Today the bullish momentum …

GBP/USD Technical Analysis 28 July 2010

GBP/USD 1.5565 – 28 July 2010
GBP/USD Open 1.5584 High 1.5618 Low 1.5445 Close 1.5591
On Tuesday Pound/Dollar continued ascending, in line with the positive Interbank sentiment at around +13%. The Cable appreciated from 1.5445 to 1.5599 yesterday, closing the day at 1.5591. Today the pair extended its climb further to 1.5618. On the 1 hour chart …

USDCHF’s bounce extended to 1.0639

USDCHF’s bounce from 1.0394 extended to as high as 1.0639 level. Further rally is still possible later today and target is to test 1.0675 key resistance, a break of this level will indicate that the downtrend started from 1.1730 (Jun 1 high) had completed at 1.0394 already, then longer term target …

iFOREX.bg – Daily Forecast 28 July 2010

EUR/USD Buy at 1.2973 SL 1.2941 TP 1.3050

USD/JPY Buy at 87.68 SL 87.36 TP 88.40

GBP/USD Buy at 1.5564 SL 1.5532 TP 1.5652

USD/CHF Sell at 1.0622 SL 1.0654 TP 1.0538

EUR/USD Technical Analysis 28 July 2010

EUR/USD 1.2988 – 28 July 2010
EUR/USD Open 1.2988 High 1.3043 Low 1.2954 Close 1.2992
On Tuesday the Euro/Dollar traded hesitantly and within a range. The European currency depreciated from 1.3043 to 1.2954 yesterday, almost matching the neutral Interbank sentiment projection, at around +5%, closing the day at 1.2992. This morning the pair is still moving without …