Forexpros.com Daily Analysis - 22/07/2009

This is a discussion on Forexpros.com Daily Analysis - 22/07/2009 within the Forex forums, part of the Markets category; Forexpros.com Daily Analysis - July 22th, 2009 Free, Live Forex Webinar Today and Thursday! Live-Market Analysis and Trading Decisions Hosted ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Jul 22, 2009, 12:29pm   #1
Joined Jan 2009
Forexpros.com Daily Analysis - 22/07/2009

Forexpros.com Daily Analysis - July 22th, 2009

Free, Live Forex Webinar Today and Thursday!

Live-Market Analysis and Trading Decisions
Hosted by: Dr.Sankaran Sivaraman
Date: Thu, Jul 23, 2009, 16:00 GMT

Dr. Sankaran Sivaraman will be discussing market timings, how to read the players' intentions, live-trading decisions in major currency pairs, and basic trading strategy.


Click HERE to register and watch for free!

---

EUR/USD Uptrend Remains:

After chopping trading yesterday the pair is still holding above some important support levels which indicates the pair is likely to continue higher.

Support is at 1.4160, 1.4140 and beyond that 1.4100. A break below 1.4100 is unlikely and would shift short-term bias downwards, but further support is at 1.4060.

Targets on the upside are yesterday's high at 1.4280 and beyond that 1.4330-1.4350.

---


USD/JPY A sharp fall mid day yesterday tested the 93.25 support level, with the rate bouncing since.

This has resulted in the short-term bias being down, with a test of the 92.75 level likely. A rise above 93.90 would negate that and indicate a rise to test 94.40-94.50.

Analysis by:
Forexpros.com - Written by Cory Mitchell

Disclaimer:
Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
Forexpros04 is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
Forexpros.com Daily Analysis - 16/07/2009 Forexpros04 Forex 0 Jul 16, 2009 12:50pm
Forexpros.com Daily Analysis - 09/07/2009 Forexpros04 Forex 0 Jul 9, 2009 4:41pm
Forexpros.com Daily Analysis - 06/07/2009 Forexpros04 Forex 0 Jul 6, 2009 5:20pm
Forexpros.com Daily Analysis - 09/06/2009 Forexpros04 Forex 0 Jun 9, 2009 12:48pm
Forexpros.com Daily Analysis - 28/05/2009 Forexpros04 Forex 0 May 28, 2009 12:04pm

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)