Money and Finance
FOREX FORECAST FOR 22ND OF JANUARY, 2013. CLICK ON THE CHART TO ENLARGE
Today on the 1 hour chart, the GBP/USD is on a long term downward trend. But we are going to pay attention at the level marked with the purple colour line 1.5891 (which will be our Pivot Point). Currently the market is moving downwards and we are expecting it to continue on its downwards trend or rebounce on the pivot point before continuing the down movement.
RECOMENDATION : Buy if the price break the purple colour pivot point level line 1.5891 with stop loss place a little below the pivot point level line 1.5891 and take profit set at 1.6038, 1.6100 and 1.6177 respectively.
Sell if the price continues on its downwards trends or rebounce on the pivot point level line 1.5891 and is going downwards with your stop loss place a little above the purple coloured pivot point level line 1.5891 as the direction of the arrow indicate. The GBP/USD pair is expected to continue to trend downwards for a long time. Please always use your MACD to time your entry point. And risk only 3% of your capital.
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Forex Forecast For 29th Of January, 2013. Click On The Chart To Enlarge
Today on the 1 hour chart, the USD/JPY is on a long term uptrend. But we are going to pay attention at the level marked with purple colour line 90.28 (which will be our Pivot Point). Currently the market is moving down towards the purple colour line 90.28...
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Forex Forecast For 24th Of January, 2013. Click On The Chart To Enlarge
Today on the 1 hour chart, the USD/JPY is on a downward trend. But we are going to pay attention at the level marked with purple colour line 88.98 (which will be our Pivot Point). Currently the market is moving upwards and we are expecting it to rebounce...
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Forex Forecast For 23rd Of January, 2013. Click On The Chart To Enlarge
Today on the 4 hour chart, the USD/JPY is on a long term uptrend. But we are going to pay attention at the level marked with purple colour line 87.78 (which will be our Pivot Point). Currently the market is moving down towards the purple colour line 87.78...
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Forex Forecast For 21st Of January, 2013. Click On The Chart To Enlarge
Today on the 4 hour chart, the EUR/USD is on a sideways trend. But we are going to pay attention at the level marked with purple colour line 1.3247 (which will be our Pivot Point). Currently the market is moving sideways and we are suggesting it will...
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Forex Forecast For 18th Of January, 2013. Click On The Chart To Enlarge
Today on the 1 hour chart, the EUR/USD is on an upward trend. But we are going to pay attention at the level marked with purple colour line 1.3333 (which will be our Pivot Point). Currently the market is moving upwards and we are expecting it to rebounce...
Money and Finance