Forex District - Technical Analysis

Daily Forecast for Majors

FX Instructor — Fri, 12 Mar 2010 03:35:05 +0000

EURUSD Forecast: The EURUSD had a narrow movement of only 66 pips yesterday and we do not see significant technical move yet so far. The bias remains neutral both in nearest and medium term while the long term outlook remains bearish. The bullish correction scenario testing 1.3750 area remains intact. Price has been moving in a [...]

- - - - - - - - - - - - - - - - - - - - - - - - - - - - Make sure to join us on twitter! @ForexDistrict

Daily Forecast for Crosses

FX Instructor — Fri, 12 Mar 2010 03:28:25 +0000

EURJPY Forecast The EURJPY attempted to push lower yesterday, bottomed at 123.01 but closed higher at 123.79. On the h4 chart below we have a significant technical movement as the trendline resistance has been violated to the upside indicating a serious threat to the bearish scenario after bullish reversal warning showed by the double bottom formation. [...]

- - - - - - - - - - - - - - - - - - - - - - - - - - - - Make sure to join us on twitter! @ForexDistrict

AUD/USD First Target Met at 0.9145(+20)

Juan P. Bejarano — Thu, 11 Mar 2010 13:46:41 +0000

AUD/USD rose to an intraday high at 0.9168, to reach our short entry point at 0.9165. First target was met for +20 points (0.9045). Move stops to break even or leave room to breath. Next target 0.9077. View Original analysis Here. DISCLAMER: The above post is for information only. Before making your investment decisions please acknowledge that [...]

- - - - - - - - - - - - - - - - - - - - - - - - - - - - Make sure to join us on twitter! @ForexDistrict

EUR/USD: U.S. Retail Sales to Guide the Pair (1.3660)

Juan P. Bejarano — Thu, 11 Mar 2010 11:36:01 +0000

The pair continues to trade within a consolidation range as developments in the EuroZone continue to linger. Concerns over Greece have eased, helping the Euro hold ground. Focus will now be on the proposed IMF-style institution, economic data from the US and the EuroZone, and performance in stocks. The ECB is still expected to leave rates unchanged [...]

- - - - - - - - - - - - - - - - - - - - - - - - - - - - Make sure to join us on twitter! @ForexDistrict