empty
 
 
09.11.2012 12:54 PM
Daily Trading Forecasts (November 9, 2012)

EURUSD: The EURUSD pair fell by roughly 100 pips this week. The resistance line at 1.2750 remains solid –there is a threat to further bearish possibility. However, the signal remains bearish, and as long as the bias is bearish, it is better to look for shorting opportunities only.

This image is no longer relevant

 

 

USDCHF: This pair rose by roughly 80 pips this week. Right now it is around 0.9450. We can note that there is a consolidation phase around this price level. The coming pressure would ultimately determine whether the price would continue going up or whether it would nose-dive. Nevertheless, the bullish continuation is probability strong.

This image is no longer relevant

 

GBPUSD: After breaking the distribution zone at 1.6000 on the downside, the cable has found it very difficult to plunge lower. The Williams % Range is headed up from the oversold territory, but the EMA 11 still remains below its 56 counterpart. There is still a bearish possibility.

This image is no longer relevant

 

USDJPY: There is a vivid SELL signal on the USDJPY. The price is trading below the EMA 56, as the RSI 14 period is now below the level 50. The next price target could be 79.00.

This image is no longer relevant

 

EURJPY: The EURJPY pair remains bearish – it has dropped by over 190 pips this week. The price has touched the demand zone at 101.00, and its downward movement has been checked. Should the price succeed in breaching that zone downwards, the next target could be 100.50. 

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