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  1. EURUSD is facing trend line support

    by , 08-12-2012 at 10:48 PM (Free Forex Market Analysis)
    EURUSD is facing the support of the upward trend line on 4-hour chart, as long as the trend line support holds, we’d expect uptrend to resume, and another rise to 1.2600 area is still possible. On the downside, a clear break below the trend line will indicate that the rise from 1.2134 has completed at 1.2442 already, then the following downward movement could bring price to 1.1700 area.



    Daily Forex Forecast
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  2. DAILY FORECAST FOR USDJPY

    by , 08-12-2012 at 10:03 PM (The Daily Forecaster)
    [B]BIAS[/B]: While 78.40 caps we could see the downside extend else risk the correction reaching 78.93-11

    [B]Resistance[/B]:... 78.40........ 78.55... 78.79... 78.93-11
    [B]Support[/B]:........ 77.91-07... 77.66... 77.44... 77.08

    [B]MAIN ANALYSIS[/B]: Price saw an extremely choppy ride last week. At this point it is pointing lower but there is some ambiguity over whether this can continue to extend losses or reverse back to the 78.93-11 area before seeing the larger downtrend resume. The key resistance is at 78.40. If this breaks then expect gains to make there way back to the 78.79 high en route the 78.93-11 area. I suspect this will cap to allow the downtrend to resume. Also note the deeper retracement ...
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  3. Gold and Silver Forecast for August 13-17

    by , 08-12-2012 at 12:39 PM
    During last week gold and silver edged up. There weren't too many events that affected the bullion or forex markets. There were several reports that came out during the week but none of them seem to have a substantial effect on precious metals. The U.S trade balance deficit declined during June; U.S. jobless claims declined last week by 6k to 361k.
    During the upcoming week there are several important publications and events that may affect precious metals markets: U.S Philly fed index, Euro Area GDP for Q2 2012, U.S PPI, minutes of BOJ monetary policy, U.S housing starts, Canada and America's CPI, and U.S. jobless claims.

    For the complete Gold and Silver Weekly Outlook

    Gold increased during last ...
    Tags: gold, gold prices
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  4. Weekly Outlook (2012 Aug 13 to Aug 17)

    by , 08-12-2012 at 11:56 AM (DaytradingBias.com Forex Commentaries)
    [url="http://www.daytradingbias.com/?page_id=1093"]Weekly Outlook[/url] on the majors is ready.

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    [url="http://www.daytradingbias.com/?page_id=399"]Sign up now[/url] - membership has its privileges.

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    Breakthrough Research [URL="http://www.daytradingbias.com/?p=207"]Special Theory of Price Discovery[/URL]
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    Tags: usd/jpy
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