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 […]
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 […]
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 […]
Daily Pivots: (S1) 101.86; (P) 102.29; (R1) 102.88;
USD/JPY - Apr 18 08 08:25 GMT Daily Outlook, Forex Daily news
USD/JPY retreats mildly after failing to test 102.94 resisetance. Outlook remains unchanged so far. Prior break of 102.25 minor resistance argues that rebound from 95.77 is going to extend further. Nevertheless, as discussed before, decisive break of […]
(S1) 101.11; (P) 101.52; (R1) 102.22;
USD/JPY Outlook Apr 17 08 14:39 GMT
USD/JPY strengthens further today and the break of 102.25 minor resistance argues that rebound from 95.77 is going to extend further. Nevertheless, as discussed before, decisive break of 103.59 resistance zone is still needed to indicate underlying upside momentum is still strong, otherwise, corrective […]
Daily Pivots: (S1) 100.42; (P) 100.96; (R1) 101.61;
USD/JPY’s fall from 102.25 was contained above 100.02 and continues to engage in choppy sideway trading. Outlook remains neutral for the moment. Though, prior break of inner rising trend line suggests that rebound from 95.77 should have completed with corrective three waves up to 102.94. Below 100.02 […]
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, […]