empty
 
 
26.10.2012 12:25 PM
Daily Trading Forecasts (October 26, 2012)

EURUSD: This week has been bearish for the EURUSD pair; a short trade has been signified on the chart. What started as a rally at the beginning of this week has proven to be an opportunity to sell short in a content of a new downtrend. It looks like EURUSD is headed for the support level at 1.2900.

This image is no longer relevant

 

 

USDCHF: This pair has moved up by close to 100 pips this week. A new bullish signal has been confirmed. It is done as it is assumed that the market would trend higher. The next target should be the resistance level at 0.9400.

This image is no longer relevant

 

GBPUSD: The cable is very strong right now. Or in order to be precise, it could be said that the GBP is very strong. The market fell below the crucial accumulation zone of 1.6000 this week, but further bearish plunge was rejected below this zone. The bottom for this week is 1.5916, and the price has gone considerably up since then. It is by around 200 pips.

This image is no longer relevant

 

USDJPY: The bullish USDJPY has gone up significantly without much retracement. Having moved up by almost 190 pips, the price is now experiencing some pullback. It is expected that this pullback could be halted around 79.50. It is understandable, since the RSI 14 period has been in an oversold territory for a long period of time. So this temporary pullback is not a surprise.

This image is no longer relevant

 

EURJPY: Strictly speaking, this week has been indecisive on the EURJPY pair. There is no clear victory between buyers and sellers, though I still prefer a bullish bias. If one would need to go short, then one would need to wait for more confirmation. I would stay out of this market, until a new direction is confirmed or an upward continuation is established.

This image is no longer relevant

  

Summary
Urgency
Analytic
InstaForex Analyst
Start trade
انسٹافاریکس کے ساتھ کرپٹو کرنسی کی معاملاتی تبدیلیوں سے کمائیں۔
میٹا ٹریڈر 4 ڈاؤن لوڈ کریں اور اپنی پہلی ٹریڈ کھولیں۔
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    مقابلہ میں شامل ہوں
  • چانسی ڈیپازٹ
    اپنے اکاؤنٹ میں 3000 ڈالر جمع کروائیں اور حاصل کریں$6000 مزید!
    ہم دسمبر قرعہ اندازی کرتے ہیں $6000چانسی ڈیپازٹ نامی مقابلہ کے تحت
    اپنے اکاؤنٹ میں 3000 ڈالر جمع کروانے پر موقع حاصل کریں - اس شرط پر پورا اُترتے ہوئے اس مقابلہ میں شرکت کریں
    مقابلہ میں شامل ہوں
  • ٹریڈ وائز، ون ڈیوائس
    کم از کم 500 ڈالر کے ساتھ اپنے اکاؤنٹ کو ٹاپ اپ کریں، مقابلے کے لیے سائن اپ کریں، اور موبائل ڈیوائسز جیتنے کا موقع حاصل کریں۔
    مقابلہ میں شامل ہوں
  • 30 فیصد بونس
    ہر بار جب آپ اپنا اکاؤنٹ ٹاپ اپ کریں تو 30 فیصد بونس حاصل کریں
    بونس حاصل کریں

تجویز کردہ مضامین

ابھی فوری بات نہیں کرسکتے ؟
اپنا سوال پوچھیں بذریعہ چیٹ.
Widget callback