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Technical Analysis 24/07/2014

EURO shut lower on Wednesday as it expands the decay off this current month’s high. The midrange close sets the stage for an unfaltering opening when Thursday’s night session starts exchanging. Stochastics and the RSI stay nonpartisan to bearish indicating that sideways to lower costs are conceivable nearterm. In the event that it develops this present month’s decrease, the half retracement level of the 20132014rally intersection is the following drawback target. Closes over the 20day moving normal intersection would affirm that a low has been posted.

eur usd9 Technical Analysis   24 07 2014

THE YEN shut higher on Wednesday. Wednesday’s highrange close sets the stage for an enduring to higher opening when Thursday’s night session starts exchanging. Stochastics and the RSI are turning bullish indicating that a shortterm bottom may be in or is close. Closes over the response high intersection would affirm that a shortterm base has been posted. In the event that it develops the decay off June’s high, May’s low intersection is the following drawback target.

usd jpy9 Technical Analysis   24 07 2014

THE SWISS FRANC shut higher on Wednesday and is testing safety stamped by June’s high. The highrange close sets the stage for an unfaltering to higher opening when Thursday’s night session starts exchanging. Stochastics and the RSI stay impartial to bullish indicating that sideways to higher costs are conceivable nearterm. On the off chance that it broadens the rally off July’s low, the 38% retracement level of the 20132014decline intersection is the following upside target. Closes underneath the 20day moving normal intersection would affirm that a shortterm high has been posted.

usd chf9 Technical Analysis   24 07 2014

STERLING shut lower on Wednesday. The lowrange close sets the stage for an enduring to lower opening when Thursday’s night session starts exchanging. Stochastics and the RSI are unbiased to bearish indicating that sideways to lower costs are conceivable nearterm. On the off chance that it enlarges the decrease off a week ago’s high, the response low intersection is the following drawback target. On the off chance that it reestablishes the rally off May’s low, month to month safety intersection is the following upside target.

gbp usd9 Technical Analysis   24 07 2014

Please be advised that despite all efforts by CommexFX to provide the client with real-time and accurate data, there may be times when this is not possible. All CFDs and FX prices are not provided solely by exchange, but by market makers, so the prices are expected to differ from the actual market price, meaning prices are only indicative and not appropriate for trading purposes. CommexFX wishes to accentuate that it will not be held liable for any trading losses incurred as a result of using the data provided.

 

Thursday, 24 Jul, 2014 / 8:07

Source : http://www.commexfx.com/technical-analysis-24-07-2014/

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