Hey everyone, for today’s outlook I concentrate on everything pound. The Pound USD, Pound Yen and Euro Pound. Once again I use the Euro Pound cross as a proxy for relative strength moving forward today. Cable has hit some significant daily support and we look to be in retracement mode. I have outlined a few key support and resistance levels to look out for in building your trade plans. Good luck and I hope you enjoy the video!! David Pegler
FOREX VIDEO - Pre London Outlook Spetember 22nd 2009
Source: blogs.fxstreet.com
- Tags:
- Daily market commentary
Read more...
GBP/USD Sets a Temporary Bottom on Declining Volume
By Fast Brokers -The Cable is finally forming a temporary bottom after its swift selloff. Friday’s downturn gained traction as Gordon Brown...
USDCHF is forming a cycle bottom at 1.0923
USDCHF is forming a cycle bottom at 1.0923 level on 4-hour chart. Sideways movement in a range between 1.0923 and 1.1245 is expected in a couple...
EUR/USD 1 hour chart head and shoulders
A text book head and shoulders formation has set up on the 1 hour chart in eur/usd. The neckline stands at 1.4110. A breakdown there would target 1.3850 zone. The move could happen on a dovish commentary from Trichet who might insist on strong euro being bad for the euro...
Levels to watch in EUR/USD
As I indicated in yesterday’s wrap-up, I’m not entirely sure whether the market would greet an upbeat US employment report by adding to the reflation trade (and selling the dollar) or take the data at face value and buying it. Best be prepared for any scenario by looking at important...
In Barcelona: Intel Taps Smartphone Market
Intel CEO Paul Otellini caught everyone by surprised on Monday night at the Mobile World Congress in Barcelona by presenting a top end...