Money and Finance
FOREX FORECAST FOR 5TH OF DECEMBER, 2012. CLICK ON THE CHART TO ENLARGE
Today on the 5 hour chart, the price of USD/JPY is moving downwards towards the support level marked with the thick black line. We are expecting the price to break the support line 81.69 and move downwards.
RECOMENDATION : Buy if the price Bounce on the support level line 81.69 and is heading upwards with a stop loss place a little below the 81.69 support level and take profit place at 82.74 and upwards respectively.
Sell if the price break the support level line 81.69 and its moving downwards with your stop loss place a little above the 81.69 resistance line and take profit at level 80.89 and downwards 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 7th Of December, 2012. Click On The Chart To Enlarge
Today on the 1 hour chart, the price of EUR/JPY is within the channel 107.19 and 106.21 also considering the downwards trend. But we are going to pay attention at the resistance level marked with thick black line. Currently the market is moving downwards...
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Forex Forecast For 5th Of December, 2012. Click On The Chart To Enlarge
Today on the 5 hour chart, the price of EUR/USD is within the channel 1.3139 and 1.3046 also considering the upwards trend. But we are going to pay attention at the support level marked with thick black line. Currently the market is moving upwards and...
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Forex Forecast For 26th Of November, 2012.
Today on the 1 hour chart, the price of USD/JPY is on an upwards trends. Next week Monday 25Th Of November, 2012. We are expecting the upward movement to continue and break the resistance line 82.83. But our focused point is the pivot point marked...
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Forex Forecast For 13th Of November, 2012.
Today on the 5 hour chart, the price of USD/CHF is within the channel 0.9499 and 0.9429. We are going to focus on the support level which is marked with thick black line. Currently the market is moving upwards and we are expecting a continous uptrend...
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Forex Forecast For 9th Of November, 2012.
Today on the 5 hour chart, the price of USD/CHF is within the channel 0.9484 and 0.9381. We are going to focus on the support level which is marked with thick black line. Currently the market is moving upwards and we are expecting a rebounce on the support...
Money and Finance