USD / JPY lost momentum again after dipping to new low of 75th 73 but still, with the 76th 48 resistance intact, near-term outlook remains bearish. Current decline Should still continue and target target 61st 8% projection of 80th 23 to 75th 94 from 77th 48 at 74th 82 first, and hadeeth 100% projection at the 73rd 19th Nevertheless, the break of
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Intraday bias in USD / CHF remains on the downside and current cases from the 0th 9315 Should Target 0th 8647 (100% projection of the 0th 9315 to 0th 8880 at 0th 9082 at 0th 8647) and Possibly Below. But still, we’re expecting strong support above the 0th 8246 (50% retracement of the 0th 7065 to 0th 9315 at 0th 8190) to contain ‘downside and making
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EUR / NZD Continues To Fall inside the Descending Triangle chart pattern Identified by Autochartist on the 4-hour charts. The overall Quality of this chart pattern is measured at the 5 bar level as a result of the FOLLOWING values ??of the Contributing Quality indicators: below-average Initial Trend (rated at the 4
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While we saw Losses They did not manage to get Below 0th 9902 before correcting but even hadeeth it could not Extend above the first 0014 high? It still makes more Aligned To The downside Either for a correction or now Perhaps a total reversal. I have not put into place a Highlighted bearish
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Germany and France together announced That They Have set an end-of-month deadline for a breakthrough into action the lasting region’s sovereign debt crisis. In the joint declaration on the 9th of October, Germantown, Chancellor Merkel and President Nicolas Sarkozy Frenchtown Have put the recapitalization of Europe’s banks as top priority. According
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Fragile investor sentiment point to a sell in equity markets on Friday. For once the euro crisis Took a backseat as the market worried about Global Economic CONDITIONS as a whole Including weak manufacturing data from China. This week is a big one for economics news Including Interest Rate
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We did see higher but it was a Struggle. That Does not really deter me as I still feel we are in a moderately large consolidation. There Fore I still REMAIN bullish for a break above the 0th 9856 high seen Which Should see gains Extend through yesterday’s 0th 9872 High and to around
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Strength seen but Obviously much, much Stronger than expected? although very much in line with the larger retracement target. Indeed, we May just see that today? We’re a little in mid-move right now Which May Cause a well retest Around the 0th 7687 high. That Should Cause a pullback so we
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For more Forex news and information, please visit www.ufxbank.com… The Dollar weakened against most of the major currencies as Greece’s parliament approved a five year austerity plan designed to avert the eurozone’s first sovereign debt default.