Portal
 Index
 Memberlist
 Profile
 FAQ
 Search
Latest topics
Social bookmarking

Social bookmarking Digg  Social bookmarking Delicious  Social bookmarking Reddit  Social bookmarking Stumbleupon  Social bookmarking Slashdot  Social bookmarking Yahoo  Social bookmarking Google  Social bookmarking Blinklist  Social bookmarking Blogmarks  Social bookmarking Technorati  

Bookmark and share the address of forexgreenland - Forex forum,Forex training, Forex signals, Forex mgt accts on your social bookmarking website

Bookmark and share the address of Forexgreenland - Forex forum,Forex training, Forex signals, Forex managed accounts on your social bookmarking website


Forexpros.com Daily Analysis - 15/06/2009

View previous topic View next topic Go down

Forexpros.com Daily Analysis - 15/06/2009

Post by ForexAnalysis on Mon Jun 15, 2009 12:33 pm

Free, Live Forex Webinar Tomorrow!

Forex for Professionals
Hosted by Tony Beckwith of MTPredictor
Tues, June 16, 2009, 15:00 GMT

Tony Beckwith of specialist risk control software firm MTPredictor Ltd. explains why amateurs are obsessed with being right while professionals obsess about making money.


Hurry now, and click HERE to sign up!

---

EUR/USD Bigger Correction?

The pair failed to hold above the 1.4150 last week and is now heading towards the lower extent of the range. Support should be found at 1.3940, 1.3900 and beyond that 1.3800. A move beyond 1.3800 would point to a more complete correction.

With the daily average range hovering in the 200 pip range a move far beyond this level is not highly likely today.

On the bullish side an indicator pattern has occurred which indicates a short term low may be in place. The pattern indicates a test of the highs in the 1.4150 area. A move far beyond this is unlikely today. Interim resistance is likely to be found at 1.4000, 1.4055, 1.4080 and 1.4120.



USD/JPY Multiple Patterns

On the longer term charts there are several technical factors coming into play. The next few days could be pivotal in the longer term direction of the pair.

Support today should be found by 98.05 and 97.80 in early trading. Beyond that 97.55.

Currently the pair is pushing higher after an early fall. Watch for a test of the highs at 98.55, the 98.70 and 99.00.



Analysis by: [You must be registered and logged in to see this link.] - Written by Cory Mitchell


Disclaimers:
Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

ForexAnalysis

Male
Number of posts : 135
Location : india
Reputation : 0
Points : 216
Registration date : 2008-11-03

View user profile

Back to top Go down

View previous topic View next topic Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum