Sunday, January 8, 2012
Monday, October 10, 2011
AUD/USD NEAR IT'S TRENDLINE RESISTANCE
AUD/USD came very close to it's long term upper trend support which is currently working as resistance. It broke this support and close below it on Sept 23, 2011. Now it's back again to that resistance level of .9960/70. If it close above it then probably short term down trend is over for this currency pair.
World economy is not out of the woods yet. Euro solved some temporary issues but long term still not clear.
We will watch this level for AUD/USD and short the pair if it fails to close above the level.
Watch:
.9960/70 for resistance.
Weekly chart of AUD/USD posted below.
World economy is not out of the woods yet. Euro solved some temporary issues but long term still not clear.
We will watch this level for AUD/USD and short the pair if it fails to close above the level.
Watch:
.9960/70 for resistance.
Weekly chart of AUD/USD posted below.
Saturday, July 23, 2011
Sunday, May 8, 2011
Monday, March 21, 2011
GBP/CHF TECHNICAL ANALYSIS
Sentiment: Bullish
Current Resistance: 1.4782
Current Support: 1.4530
Trade Idea: Go long if 4hr. chart stays above 1.4782 in the European Session.
Daily Target: 1.4900 Which is Bollinger band midpoint and also 38.2% fibo.
Please see chart for the details.
Day Trade Forex With Global Fx Signal. Click Here For Details.
Current Resistance: 1.4782
Current Support: 1.4530
Trade Idea: Go long if 4hr. chart stays above 1.4782 in the European Session.
Daily Target: 1.4900 Which is Bollinger band midpoint and also 38.2% fibo.
Please see chart for the details.
Day Trade Forex With Global Fx Signal. Click Here For Details.
Saturday, January 29, 2011
Sunday, January 9, 2011
U.S. Dollar Index - Outlook For Jan 10 - Jan 14
U.S. Dollar Index closed at 81.13 on Friday. This is just shy off Nov 30th high of 81.44. Last time U.S. Dollar Index fell from that level to as low as 79 on Dec 3rd, 2010.
Technically, it's a short term resistance.
Next week will be very interesting to see if it can break above that level. If it does then we expect U.S. dollar index to go as high as 83.55 which is August 24th high and can act as a very strong resistance.
RSI is not at overbought level. So, there are possibility to move further up in coming week.
Last week, we got mixed economic data came out of U.S. Next week, we will be watching mainly Fed's Beige Book Economic release which is due on Jan 12th and also U.S. retail sales. These two report will give pretty good idea of current U.S. economic outlook and will move dollar accordingly.
See the USD Index chart below.
VISIT OUR WEBSITE: http://www.globalfxsignal.com/
Technically, it's a short term resistance.
Next week will be very interesting to see if it can break above that level. If it does then we expect U.S. dollar index to go as high as 83.55 which is August 24th high and can act as a very strong resistance.
RSI is not at overbought level. So, there are possibility to move further up in coming week.
Last week, we got mixed economic data came out of U.S. Next week, we will be watching mainly Fed's Beige Book Economic release which is due on Jan 12th and also U.S. retail sales. These two report will give pretty good idea of current U.S. economic outlook and will move dollar accordingly.
See the USD Index chart below.
VISIT OUR WEBSITE: http://www.globalfxsignal.com/
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