empty
 
 
08.10.2012 10:37 AM
Daily Trading Forecasts (October 8, 2012)

 

The NFP came out with much better than expected figure on Friday, October 6, 2012. This caused mixed reactions in the markets, but in general, it enhanced bull markets. This development may determine what would happen this week.

EURUSD: EURUSD had a clear bullish movement last week. It is currently trading above 1.3000 level. The momentum yet remains to the upside, and as the result, the price may reach the resistance line at 1.3100 this week.

This image is no longer relevant

 

USDCHF: This pair, which usually has opposite effect as compared to EURSD, had a clear bearish move last week. Currently, the price is trading below the resistance line at 0.9300. The price may touch the support line at 0.9200 this week.

This image is no longer relevant

 

GBPUSD: The fundamental fact that has a bullish effect on EURUSD had a bearish effect on GBPUSD. This pair headed down on Friday, the next potential target is being placed at1.6100. If the price reaches this level, it may lead to a bear market.

This image is no longer relevant

 

EURJPY: This fast moving cross went up by almost 300 pips last week, and it could reach the resistance level at 103.00 this week. The price is trading at 102.50. The bullish momentum is still here.

This image is no longer relevant

 

USDJPY: There is a clear ‘buy’ signal on this pair. It is now vivid that the yen is very weak right now. If this bullish wave continues to go up, the pair may reach the resistance level at 79.00 this week. Otherwise, it would fall down, reaching at least the demand territory at 78.50. 

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 $6000 más!
    ¡En Diciembre, sorteamos $6000 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