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Forex Trades 05/04 - European session - by [URL="www.forexticket.co.uk"]Forex ticket[/URL] (ex [URL="http://www.mataf.net"]mataf.net[/URL])
[b][img]http://www.forexticket.co.uk/images/_V3img/fleches/up_arrow_16.png[/img] [url="http://www.forexticket.co.uk/en/forex/gbpusd"]GBP/USD - British Pound / US Dollar[/url][/b]
[b]Entry[/b]: 1.6185
[b]Stop[/b]: 1.6145
[b]Resistances[/b]: 1.63 - 1.6245 - 1.6205
[b]Supports[/b]: 1.6015 - 1.608 - 1.6165

[b][img]http://www.forexticket.co.uk/images/_V3img/fleches/flat_arrow_16.png[/img] [url="http://www.forexticket.co.uk/en/forex/eurusd"]EUR/USD - Euro / US Dollar[/url][/b]
[b]Resistances[/b]: 1.3275 - 1.3215 - 1.317
[b]Supports[/b]: 1.3015 - ...

USDJPY remains in downtrend from 84.17, the price action from 79.63 is treated as consolidation of the downtrend. Resistance is at the upper line of the price channel on 4-hour chart, as long as the channel resistance holds, downtrend could be expected to resume, and another fall to 79.00 is still possible. On the other side, a clear break above the channel resistance will indicate that the downward movement from 84.17 has completed at 79.63 already, then the following upward movement could bring price back to 83.00 zone.



Daily Forex Forecast

[B]BIAS[/B]: There's still a slight risk of a minor new low but I remain overall bullish

[B]Resistance[/B]:... 105.65-70... 106.12... 106.54... 106.80
[B]Support[/B]:........ 105.05-34... 104.61... 104.29... 103.90

[B]MAIN ANALYSIS[/B]: We did see gains but which stalled at 106.12 from where there has been a deep pullback. We're basically in a similar position to yesterday. The recovery wasn't enough to confirm a reversal and still holds some risk of a minor new low below 105.12 but remaining above 104.61... Ideally I'd prefer this to move directly higher but best wait for a break of yesterday's 106.12 high that should allow a retest of the 106.54 high. We have to be careful as there could still be a ...

Attached Files

• The Brief Daily Forecaster.pdf (85.6 KB, 44 次查看)

Mario Draghi sticks to the baseline scenario of recovery in the second part of the year, and doesn’t really hint about any move. The president of the ECB meets the press in Barcelona after the ECB left rates on hold as expected.
No discussion about interest rates.
Monetary expansion is subdued.
Baseline scenario of recovery in H2 remains unchanged: no rate cut.
Inflation risks are balanced: inflation due to energy prices: will remain above 2% in 2012 and will fall later on.

Read the rest of the article [B][I][URL="http://www.forexcrunch.com/ecb-press-conference-live-blog-8/"]Draghi Still Sees Recovery Coming – EUR/USD Jumps[/URL][/I][/B]