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EUR/USD Technical Analysis 3 December 2009
By iforex at 3 December, 2009, 5:35 am
EUR/USD 1.5092 – 3 December 2009
EUR/USD Open 1.5066 High 1.5107 Low 1.5035 Close 1.5044
Euro/Dollar continued climbing on Wednesday up to the 1.5107 top, but failed to keep the ascending momentum and corrected down to the 1.5035 bottom, closing the day at 1.5044. Trading higher risk assets interest was renewed based on optimism that the issue …
GBPUSD breaks above the falling trend line
By ForexCycle.com at 3 December, 2009, 2:37 am
GBPUSD break above the falling trend line from 1.6875 to 1.6745, suggesting further rally to test 1.6745 resistance. However, next short term cycle is nearing, pullback would more likely be seen before breaking above this level. Key support is now located at 1.6550, a break below this level will indicate that a short term cycle …
MoreUSD/JPY Technical Analysis 2 December 2009
By iforex at 2 December, 2009, 9:41 am
USD/JPY 87.17 – 2 December 2009
USD/JPY Open 86.65 High 87.53 Low 86.53 Close 86.67
Dollar/Yen rose sharply on Tuesday after an emergency meeting convened by the BOJ, which raised speculation about bank’s intervention on the market. The currency pair found good support at 86.53 from where it started climbing, closing the day at 86.67. Today’s signals …
GBP/USD Technical Analysis 2 December 2009
By iforex at 2 December, 2009, 8:28 am
GBP/USD 1.6585 – 2 December 2009
GBP/USD Open 1.6620 High 1.6648 Low 1.6396 Close 1.6610
After Pound/Dollar failed to retain its earlier gains yesterday, it started dropping from Tuesday’s top at 1.6648, closing the day at 1.6610. Downward pressure came from a report showing that consumer confidence in the UK unexpectedly weakened and the common expectations are …
iFOREX.bg – Daily Forecast 2 December 2009
By iforex at 2 December, 2009, 5:46 am
EUR/USD
Buy at 1.5066 SL 1.5034 TP 1.5143
USD/JPY
Buy at 86.95 SL 86.63 TP 87.67
GBP/USD
Buy at 1.6552 SL 1.6520 TP 1.6640
USD/CHF
Sell at 1.0008 SL 1.0040 TP 0.9924
EUR/USD Technical Analysis 2 December 2009
By iforex at 2 December, 2009, 5:12 am
EUR/USD 1.5081 – 2 December 2009
EUR/USD Open 1.5089 High 1.5114 Low 1.4981 Close 1.5082
The Euro calmed after the strong ascending impulse last week because the delayed payment of Dubai to the European banks, which is expected to be temporary, after hitting the 1.4825 bottom. On Tuesday Euro started recovering very quickly and closed higher at …
USDJPY stays below a falling trend line
By ForexCycle.com at 2 December, 2009, 1:51 am
USDJPY stays below a falling trend line from 90.60 to 89.18, as long as the trend line resistance holds, rebound from 84.82 is treated as consolidation of downtrend from 92.32 and another fall below 84.82 is still possible after consolidation. However, a clear break above the trend line resistance (now at 87.90) will indicate that …
MoreUSD/JPY Technical Analysis 1 December 2009
By iforex at 1 December, 2009, 10:15 am
USD/JPY 86.92 – 1 December 2009
USD/JPY Open 86.30 High 87.53 Low 85.89 Close 86.34
Dollar/Yen experienced further descending on Monday, reaching depths of 85.89, where further bearish momentum was limited, closing the day at 86.34, and sharply turning upwards this morning, reaching the 87.53 peak. Besides the convergence formed, which gave good increasing signal, the news …
