Trade FOREX with FXCM

  • Award-Winning Platform
  • 24/7 Customer Support
  • Trade Directly on Charts
  • Free $50K Practice Account
View RSS Feed

Winners Edge Trading Daily insights

Forex Market Update

Rating: 1 votes, 5.00 average.
by , 03-11-2009 at 11:10 PM (1324 Views)
Casey Stubbs-- Winners Edge Trading
Eur/Usd - currently trading at 1.2834 and there was early corrections at the beginning of the Asian session. The current support levels are at 1.2755, 1.2720 and then 1.2680

The resistance levels at 1.2898, 1.2946 and 1.3000.

Usd/Jpy– Japanese yen is moving to the downside, and is challenging 97.00 to test the 96.60 level. Resistances from will be at 97.40, 97.87 and above 98.20.

Gbp/Usd – The Pair has rebounded off of lows, and is above 1.3860. The 1.3890 level is a key resistance level if that level breaks we could see a target of 1.3946 and above to 1.4000. supports are 1.3800, 1.3766, 1.3710 and 1.3685.
Tags: dollar, euro, forex, pound, yen
Categories
Uncategorized

Comments

  <   May 2013    
Su Mo Tu We Th Fr Sa
21 22 23 24 25 26 27
28 29 30 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31 1
Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Forex Capital Markets LLC. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.