Daily Currency Outlook ? November 4th 2010
This daily overview video features a technical analysis of the major currency pairs following the excess volatility demonstrated by the Forex market yesterday. Posted on Forex Video Zone.
Daily Forecast for Crosses: November 04
EURJPY Forecast The EURJPY continued its bullish momentum yesterday, topped at 114.89 and closed at 114.51. The bias remains bullish in nearest term testing 115.65. Immediate support at 113.75. Break below that area could lead us to neutral zone in nearest term but I think we are in a new bullish phase here. GBPJPY Forecast [...]
EURUSD Daily Forecast: November 04
EURUSD Forecast The EURUSD continued its bullish momentum yesterday, topped at 1.4151 and closed at 1.4125. The bias remains bullish in nearest term testing 1.4158. Clear break above that area could trigger further bullish momentum testing 1.4220/50 before targeting 1.4375 ? 1.4400 region. Immediate support at 1.4060. Break below that area could trigger further bearish [...]
GBPUSD Daily Forecast: November 04
GBPUSD Forecast The GBPUSD continued its bullish bias yesterday, topped at 1.6170 but closed lower at 1.6105. The bias remains bullish in nearest term testing 1.6250 area. Immediate support at 1.6079 and the lower line of the minor bullish channel. Break below that area and violation to the downside of the minor bullish channel could [...]
USDCHF Daily Forecast: November 04
USDCHF Forecast The USDCHF continued its bearish momentum yesterday. As you can see on my h4 below price slipped below the bullish channel indicates a serious threat to the bullish outlook testing 0.9650 ? 0.9600 support area. Immediate resistance at 0.9800. Break above that area would keep the bullish scenario intact testing 0.9877 ? 0.9928 [...]
USDJPY Daily Forecast: November 04
USDJPY Forecast The USDJPY still trapped inside a range area without a clear direction and consistent momentum so far. The bias remains neutral in nearest term. Expected range at 81.95 ? 80.24, but still with more downside bias. 81.95 level could be a good place for a short position. Good downside target (80.24 ? 79.70) [...]
Daily Currency Outlook ? November 3rd 2010
Watch this daily currency outlook in a form of video technical analysis for the major currency pairs. It talks about getting into the profitable trading opportunities before the FOMC release today. Posted on Forex Video Zone.
USDCHF Daily Forecast: November 03
USDCHF Forecast The USDCHF was corrected lower significantly yesterday, bottomed at 0.9757 and closed at 0.9793. The bias remains bearish in nearest term testing 0.9730 and the lower line of the bullish channel but as long as price moves inside the bullish channel we are still in bullish phase. Immediate resistance at 0.9877. Break above [...]
USDJPY Daily Forecast: November 03
USDJPY Forecast The USDJPY didn?t make significant movement yesterday. In fact, I think this pair has been trendless in the last two weeks. However the overall bias remains bearish testing 79.70 in nearest term. Immediate resistance at 80.85 followed by 81.95. The major outlook remains bearish but no significant bearish momentum so far. ©2010 FX [...]
GBPUSD Daily Forecast: November 03
GBPUSD Forecast The GBPUSD was volatile but remains indecisive yesterday. The bias is neutral in nearest term but the major outlook remains to the upside with 1.6105 as the nearest resistance line to be tested. Above that, 1.6250 could be seen this week. Immediate support at 1.6000 and the lower line of the minor bullish [...]
