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 - 22/07/2009

View previous topic View next topic Go down

Forexpros.com Daily Analysis - 22/07/2009

Post by ForexAnalysis on Wed Jul 22, 2009 11:29 am

Forexpros.com Daily Analysis - July 22th, 2009

Free, Live Forex Webinar Today and Thursday!

Live-Market Analysis and Trading Decisions
Hosted by: Dr.Sankaran Sivaraman
Date: Thu, Jul 23, 2009, 16:00 GMT

Dr. Sankaran Sivaraman will be discussing market timings, how to read the players' intentions, live-trading decisions in major currency pairs, and basic trading strategy.


Click HERE to register and watch for free!

---

EUR/USD Uptrend Remains:

After chopping trading yesterday the pair is still holding above some important support levels which indicates the pair is likely to continue higher.

Support is at 1.4160, 1.4140 and beyond that 1.4100. A break below 1.4100 is unlikely and would shift short-term bias downwards, but further support is at 1.4060.

Targets on the upside are yesterday's high at 1.4280 and beyond that 1.4330-1.4350.

---


USD/JPY A sharp fall mid day yesterday tested the 93.25 support level, with the rate bouncing since.

This has resulted in the short-term bias being down, with a test of the 92.75 level likely. A rise above 93.90 would negate that and indicate a rise to test 94.40-94.50.

Analysis by:
Forexpros.com - Written by Cory Mitchell

Disclaimer:
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