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17.09.2012 11:45 AM
Daily Trading Forecasts (September 17, 2012)

EURUSD: In this bullish market, EURUSD rose by over 350 pips last month. It is expected to continue this week, though with some pullbacks.

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USDCHF: This is a bearish market, and the pair fell by more than 200 pips last week. It is also expected to continue such move as the price might reach the support level at 0.9200.

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GBPUSD: Last week, the GBPUSD rose by roughly 250 pips. This is a bullish market, and it ought to continue moving upwards except some fundamentals change some things.

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EURJPY: Despite some precarious bearish threats, EURJPY rose by about 300 pips last week. The resistance level at 103.00 has already been tested, and the price will go further if that level is broken this week.

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USDJPY: As it was said earlier last week, this pair, which was formerly weak, was ultimately forced to correlate positively with other JPY pairs. The change in the trend would be confirmed this week when the EMA 11 crosses the EMA 56 to the upside.

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