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...
AUDUSD broke below price channel
AUDUSD broke below the lower border of the rising price channel on 4-hour chart, suggesting that consolidation of uptrend is underway....
Japan MOF: G8 may discuss exit strategies
A senior MOF official said today that finance ministers from the G8 may discuss exit strategies from extraordinary policy steps taken to combat the global crisis. He went on to say that he doesnt think Latvia will be a major topic at the G8 this...
EUR/USD holding up ahead of EZ growth data; sell orders, stops noted
EUR/USD is holding up well ahead of the euro zone GDP data due in about 15 mins. The market had earlier today been expecting a result in the -0.5% q/q, -5.1% y/y area. Obviously the release of better than expected French and German data will have raised expectations. Gotta think the market will now...
USDCHF’s upward move extended to 0.8240
USDCHF’s upward move from 0.7067 extended further to as high as 0.8240. Support is now at 0.8075, as long as this level holds, uptrend could...
Dukascopy Morning Forex Overview - Oct 9 2009
Previous session overview The dollar regained lost ground against the yen and euro in Asia Friday after U.S. Federal Reserve Chairman Ben Bernanke said the Fed is ready to “tighten monetary policy” once a recovery takes hold, prompting Asian hedge funds to buy the greenback. But broad...