Money and Finance
FOREX FORECAST FOR 19TH OF NOVEMBER, 2012.
Today on the 1 hour chart, the price of EUR/USD is within the channel 1.2754 and 1.2691. But we are going to pay attention to the resistance level marked with thick black line. Currently the market is moving upwards towards the resistance line 1.2754 and we are expecting a rebounce on the resistance line 1.2754.
RECOMENDATION : Buy if the price break the resistance level line 1.2754 and is heading upwards with stop loss place a little below the 1.2754 resistance level and take profit set at 1.2801 and 1.2827 respectively.
Sell if the price rebounds on the resistance level 1.2754 and is going downwards with your stop loss place a little above the 1.2754 resistance line and take profit at level 1.2691 and 1.2662 respectively. Please always use your MACD to time your entry point. And risk only 3% of your capital.
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Forex Forecast For 3rd Of December, 2012.
Today on the 5 hour chart, the price of USD/JPY is in the channel marked with the thick black line. We are expecting the price to break the (upper channel line) resistance line 82.74.RECOMENDATION : Buy if the price break the (upper channel line)...
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Forex Forecast For 9th Of November, 2012.
Today on the 5 hour chart, the price of EUR/USD is within the channel 1.2781 and 1.2640. But we are going to pay attention to the resistance level marked with thick black line. Currently the market is moving downwards and we are expecting a rebound on...
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Forex Forecast For 7th Of November, 2012.
Today on the 5 hour chart, the price of EUR/USD is within the channel 1.2764 and 1.2884. But we are going to pay attention to the resistance level marked with thick black line. Currently the market is moving upwards towards the resistance line 1.2884 and...
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Forex Forecast For 1st Of November, 2012.
Today on the 1 hour chart, the price of USD/CHF is within the channel 0.9333 and 0.9277. We are going to focus on the resistance level which is marked with thick black line. Currently the market is moving downwards and we are expecting a rebounce...
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Forex Forecast For 31st Of October, 2012.
Today on the 1 hour chart, the price of USD/CHF is within the channel 0.9300 and 0.9340. We are going to focus on the resistance level which is marked with thick black line. Currently the market is moving downwards towards the thick black line(...
Money and Finance