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Welcome to the FXReturn.com London Forex Market Call for March 19th, 2010. GBP/USD: Had an inside trading session with a downward bias. Although the market closed on session lows, technicals remain positive. If the market violates the 10 day average at 1.5179, there is a strong likelihood that the pivot low at 1.4781 will be achieved. Resistance is at 1.5380. GOLD: Reverses yesterdays losses as the market trades up against major resistance at the 1125 level. Technicals are positive suggesting that there is more upside ahead as long as the market can sustain the 1125 level. 1100 is major support. Daily FX Forum visitors can sign up for our FREE Live Interactive Webinars and Live Trading Room at FXReturn.com. Please click the following link to...
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Welcome to the FXReturn.com London Forex Market Call for March 17th, 2010. GBP/USD: Up over 200 points intraday reaffirming the bullish divergence on the stochastics. The next level of resistance is our upside projection at 1.5446. Support is at 1.5126. Technicals are confirming that there is more upside in the upcoming trading sessions. GOLD: Showing a very impressive rally up to overhead resistance at 1125. Consecutive closes above this level will signal the next upside objective of 1149 then 1161. Technicals have turned positive supporting higher gold prices. Daily FX Forum visitors can sign up for our FREE Live Interactive Webinars and Live Trading Room at FXReturn.com. Please click the following link to view our daily research:LondonMarketCall:...
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Welcome to the FXReturn.com London Forex Market Call for March 15th, 2010. GBP/USD: Closes on session highs as the price action confirms the bullish divergence. The next upside target is 1.5446. The 10 day average is coming in at 1.5118 and will act as near term support. Closes below 1.5118 will trigger sell stops as the market would trade down to pivot support at 1.4781. GOLD: Intraday rallies fail at the 1120 area. 1100 is major support. If this level holds, a trading range would be established up to 1120-1125. A failure of the 1100 area would signal a move to 1088 then pivot support at 1043. Daily FX Forum visitors can sign up for our FREE Live Interactive Webinars and Live Trading Room at FXReturn.com. Please click the following link to...
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Welcome to the FXReturn.com London Forex Market Call for March 11th, 2010. GBP/USD: Closes on session highs as the bulls watch the 1.5000 area for signs of a rally to 1.5200. If the market fails at the 1.4900 level, a move down to pivot support at 1.4781 is likely. GOLD: Rejects 1125 and trades near the first support level of 1100. Technicals are pointing lower suggesting that there is more downside ahead. A close below 1100 will signal a move to 1088 then 1043. Daily FX Forum visitors can sign up for our FREE Live Interactive Webinars and Live Trading Room at FXReturn.com. Please click the following link to view our daily research:LondonMarketCall:Created with Camtasia Studio 5
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Welcome to the FXReturn.com London Forex Market Call for March 10th, 2010. GBP/USD: Trades below the previous day's session low at 1.5028 which is now supportive of lower prices down to pivot support at 1.4781. A close above 1.5000 however, would confirm a rally up to 1.5200 then 1.5446. The stochastics are still showing signs of bullish divergence. GOLD: Struggles to trade above the 1125 area of resistance. A close above this level will signal a rally up to 1150. The stochastics are suggesting that there could me more profit taking over the next few trading sessions down to 1100. Daily FX Forum visitors can sign up for our FREE Live Interactive Webinars and Live Trading Room at FXReturn.com. Please click the following link to view our daily...
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