Daily Trading Forecasts (September 11, 2012)
EURUSD: This pair has been experiencing some difficulties in upwards movement. The price is still above the EMA 21 as the Stochastic is trying to head upwards: which means that the price can break out to the upside.
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USDCHF: USDCHF trading range also finds it difficult to plunge further downwards. The price is below the EMA 21 as the Stochastic is also trying to head up. The price would possibly continue to go lower.
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GBPUSD: This market has continued to showcase its northward bias as the price remains far above the EMA 21. The Williams’ % Range is in the overbought region which may cause some pullback before the price continues its northward journey.
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EURJPY: Since the EMA 11 still stays above the EMA 56, it is possible for the price to continue going up. In spite of the present pullback in the price, the Williams’ % Range in the oversold territory may allow bulls to enter at a cheaper price.
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USDJPY: This pair has continued its weakness as the price has broken down, testing the support level at 78.00. The EMA 11 is below the EMA 56, showing a downward bias. The next target in the price may be 77.50.
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2012-09-11 13:09:18 UTC+00 9 months, 6 days, 22 hours, 52 min. ago
EURUSD
USDCHF
