Technicals

Euro Approached 1.33 Ahead Of FOMC Meeting

By at 20 August, 2014, 4:27 am

Euro Approached 1.33 Ahead Of FOMC Meeting

EUR/USD Open 1.3319 High 1.3363 Low 1.3302 Close 1.3318 On Tuesday Euro/Dollar continued decreasing with 50 pips. The European currency depreciated from 1.3363 to 1.3312 yesterday, matching the negative money flow sentiment at below -15%, closing the day at 1.3318. This morning the Euro weakened further, reaching 1.3302. On the 1 hour chart the downward …

Dollar/Yen Firms On Ukraine Hopes

By at 19 August, 2014, 9:24 am

Dollar/Yen Firms On Ukraine Hopes

USD/JPY Open 102.59 High 102.65 Low 102.23 Close 102.55 On Monday Dollar/Yen increased insignificantly with 35 pips. The currency couple appreciated from 102.23 to 102.60 yesterday, matching the positive money flow sentiment at over +6%, closing the day at 102.55. This morning the Dollar lifted slightly further against the Yen, reaching 102.65. On the 1 …

Majors Daily Forecast 19 August 2014

By at 19 August, 2014, 7:56 am

Majors Daily Forecast 19 August 2014

EUR/USDRisk reward: 1.56Trend: DownSell at 1.3358 SL 1.3390 TP 1.3308 USD/JPYRisk reward: 1.28Trend: UpBuy at 102.51 SL 102.19 TP 102.92 GBP/USDRisk reward: 2.06Trend: Strong DownSell at 1.6726 SL 1.6758 TP 1.6660 USD/CHFRisk reward: 1.50Trend: UpBuy at 0.9066 SL 0.9034 TP 0.9114 The current support/resistance levels are:EUR/USD 1.3298, 1.3279, 1.3248 – 1.3418, 1.3437, 1.3468USD/JPY 101.99, 101.83, …

Cable Bounces Down After Yesterday’s Jump

By at 19 August, 2014, 7:09 am

Cable Bounces Down After Yesterday's Jump

GBP/USD Open 1.6722 High 1.6738 Low 1.6694 Close 1.6725 On Monday Pound/Dollar increased with 45 pips. The Cable appreciated from 1.6694 to 1.6738 yesterday, in converse with the negative money flow sentiment at under -8%, closing the day at 1.6725. Today the British Pound is trading quietly, with movements within yesterday’s range for the time being. …

Euro Weakens Further On Good U.S. Housing Data

By at 19 August, 2014, 4:27 am

Euro Weakens Further On Good U.S. Housing Data

EUR/USD Open 1.3359 High 1.3399 Low 1.3352 Close 1.3361 On Monday Euro/Dollar decreased with 45 pips. The European currency depreciated from 1.3399 to 1.3352 yesterday, matching the negative money flow sentiment at around -17%, closing the day at 1.3361. This morning the Euro is trading quietly, with movements at the lower end of yesterday’s range …

Majors Daily Forecast 18 August 2014

By at 18 August, 2014, 7:08 am

Majors Daily Forecast 18 August 2014

EUR/USDRisk reward: 1.50Trend: DownSell at 1.3398 SL 1.3430 TP 1.3350 USD/JPYRisk reward: 1.47Trend: UpBuy at 102.28 SL 101.96 TP 102.75 GBP/USDRisk reward: 1.94Trend: DownSell at 1.6735 SL 1.6767 TP 1.6673 USD/CHFRisk reward: 1.47Trend: UpBuy at 0.9026 SL 0.8994 TP 0.9073 The current support/resistance levels are:EUR/USD 1.3339, 1.3321, 1.3291 – 1.3457, 1.3475, 1.3505USD/JPY 101.72, 101.54, 101.25 …

EURUSD continued its sideways movement

By at 18 August, 2014, 2:43 am

EURUSD continued its sideways movement

EURUSD continued its sideways movement in a range between 1.3333 and 1.3444. As long as 1.3444 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.3700, another fall towards 1.3000 could be expected after consolidation. Support is at 1.3333, a breakdown below this level could signal resumption …

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Wednesday, 20 August 2014,