Archive for July 30th, 2010

USD/JPY Technical Analysis 30 July 2010

USD/JPY 86.34 – 30 July 2010
USD/JPY Open 86.69 High 87.49 Low 86.18 Close 86.82
Dollar/Yen continued decreasing on Thursday, in converse with the negative Interbank sentiment at around +15%. The currency couple depreciated from 87.49 to 86.62 yesterday, closing the day at 86.82. Today the bears took further advantage down to 86.27. On the 1 hour …

GBP/USD Technical Analysis 30 July 2010

GBP/USD 1.5616 – 30 July 2010
GBP/USD Open 1.5610 High 1.5659 Low 1.5580 Close 1.5609
On Thursday Pound/Dollar continued with slight ascending, in line with the positive Interbank sentiment at nearly +22%, than dropped, losing the earlier gains. The Cable depreciated from 1.5659 to 1.5580 yesterday, closing the day at 1.5609. Today the pair is moving tentatively …

iFOREX.bg – Daily Forecast 30 July 2010

EUR/USD Buy at 1.3052 SL 1.3020 TP 1.3129

USD/JPY Sell at 86.52 87 86.84 TP 85.80

GBP/USD Buy at 1.5603 SL 1.5571 TP 1.5691

USD/CHF Sell at 1.0428 SL 1.0460 TP 1.0344

EUR/USD Technical Analysis 30 July 2010

EUR/USD 1.3064 – 30 July 2010
EUR/USD Open 1.3073 High 1.3101 Low 1.2981 Close 1.3083
On Thursday the Euro/Dollar resumed the ascending movement. The European currency appreciated from 1.2981 to 1.3101 yesterday, not exactly matching the neutral Interbank sentiment projection, at nearly +3%, closing the day at 1.3083. This morning bulls are hesitant, waiting for strength catalyst. …

USDJPY formed a cycle top at 88.11

USDJPY formed a cycle top at 88.11 level on 4-hour chart. Now the fall from 88.11 is treated as resumption of downtrend from 92.88 (Jun 4 high). Further fall towards 84.82 (2009 low) is expected in next several days. Key resistance is at 88.11, only rise above this level could indicate …