EUR
EUR losses continue following Trichet’s weak economic outlook
The EUR saw a very bearish trading session yesterday, losing ground against all of its currency crosses. The Euro fell to a seven week low against the USD and closed under 1.5320, a remarkable number when considering that less than a month ago the oft-traded currency pair set […]
Fundamental Forex Outlook by GCI Foreign Exchange Research (EUR / JPY / GBP)
FOREX DAILY MARKET COMMENTARY
24 April 2008 Thursday
Technical analysis is a method of forecasting price movements by looking at purely market-generated data. Price data from a particular market is most commonly the type of information analyzed by a technician. The bottom line when utilizing […]
GBP/USD Mid-Day Outlook
Daily Pivots: (S1) 1.9725; (P) 1.9850; (R1) 1.9927;
Cable falls further today and the touching of 1.9689 support turns outlook mixed. At this point, further decline could still be seen as long as 1.9817 minor resistance holds. Firm break of 1.9689 support will dampen the view that choppy fall from 2.0391 has completed as […]
EUR/USD Daily Outlook Apr 24 14:34 GMT
Daily Pivots: (S1) 1.5832; (P) 1.5918; (R1) 1.5974;
EUR/USD’s decline from 1.6019 extends further to as low as 1.5675 today. Break of 1.5710 confirms that diagonal triangle that started at 1.5342 should have already completed at 1.6019, after failing to sustain above 1.6 psychological resistance. At this point, intraday bias […]
USD/JPY - Dollar Yen
Short term (Intraday)
103,12. USD/JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in Bollinger bands. We won’t take a position. The risk/reward ratio […]
GBP/USD - British Pound Dollar
Short term (Intraday)
1,9936. GBP/USD broke 1,9835 resistance. GBP USD is in a range between 1,9750 and 2,0030. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility rises. Bollinger bands are deviated. Oscillators are neutral. The price should continue to move in 1,9750 / […]
EUR/USD
1,5919. EUR USD is in a range between 1,5700 and 1,5980. The volatility is low. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR/USD.The price should continue to move in Bollinger bands. The price should find a resistance […]
USDJPY
USDJPY closed higher at the end of the week breaking through its recent consolidation top at 102.84/95 to test a high of 104.65 on Friday. While the pair continues to maintain these gains, a move towards its Jan 23′08 low at 104.97 is likely with a break of there accelerating further upside gains towards the […]
GBP/USD
GBP has triggered a break of its ST falling trendline drawn off its 2.0398 to close the week above its major emas and the 1.9727/19 area (Mar 05′08/April 01′08 lows) after printing a high of 1.9999 on Friday. Although its weekly and daily studies as well as a formation of a bullish engulfing candle remain […]
USD/JPY Mid-Day Outlook
USD/JPY: Daily Pivots: (S1) 102.82; (P) 103.30; (R1) 103.84;
As discussed earlier today, USD/JPY should have made an intraday low at 102.67 with 4 hours MACD crossed above signal line. Intraday bias is now on the upside for 104.64 resistance first. Break will indicate rebound from 95.77 has resumed for 104.96/108.59 resistance zone. On the downside, […]