empty
 
 
05.10.2012 10:21 AM
Review of the Currency Markets (October 5, 2012)

EURUSD: This market was trading sideways from Monday to Thursday, but it broke out to the upside on Thursday. The price now goes above the EMA 21. The next target could be 1.3050.

This image is no longer relevant

 

USDCHF: The USD/CHF pair firstly moved indecisively earlier this week. This continued until there was a downward breakout on Thursday.  The support level at 0.9300 has been tested, and if the bearish bias continues, the next target could be 0.9250.

This image is no longer relevant

 

GBPUSD: This instrument was trading lower from Monday to Wednesday, but the loss has been recovered as the pair moved up strongly. The resistance level at 1.6200 has been tested, and if it is broken upwards, the next target would be 1.6250.

This image is no longer relevant

 

EURJPY: Interestingly, EUR/JPY has maintained the momentum which it had at the beginning of this week. The price has tested 102.00 and is trying to close above it. If this proves successful, the next target would be 102.50.

This image is no longer relevant

 

USDJPY:  USD/JPY has also maintained the bullish bias which it had at the beginning of this week. But since Thursday, the price has been coming down, and right now it is staying below the supply level of 78.50. It is still safe to assume that this pair would share the fate of other JPY pairs.

This image is no longer relevant

  

Summary
Urgency
Analytic
InstaForex Analyst
Start trade
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $10000 más!
    ¡En Enero, sorteamos $10000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback