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Latest Forex Updates
Weekly Forex Outlook and Forecast
Note: This section is meant for overall Forex trading outlook and is updated on weekends. The analysis consists of Technical, Fundamental and Psychological factors but a lot of emphasis is given to the pure price action. This is one of the most popular section and helps for short-term to longer term Forex trades. For daily Forex Technical Analysis, please click on the green buttons under Technical Analysis on left-hand side of this page.
EUR/USD: The break over the psychological ranges of 1.3500 to enter 1.3600 indicate the underlying bullish sentiments. However the loss of momentum after two failures at 1.3621 and the loss of momentum suggests the possibilities of some consolidation before another recovery. ⇒ continue reading EUR/USD outlook.
USD/CHF: If resistance holds in the range of 0.9110 to 0.9131 (55-day EMA and previous resistance) then possibilities of further drop cannot be ruled out. We expect some sideways trading above 0.9000. However if the mentioned resistances hold and USD/CHF manages a decisive break below 0.9000 then it should target the support of 0.8960/0.8967. ⇒ continue reading USD/CHF outlook.
For the trading outlook of other currency pairs please check the green buttons on the left hand side of the page or click on Forex Forecast.
Last Updated on Sunday, 01 December 2013 04:27 GMT
Daily Forex Resistance and Support levels
|PAIR||Res 1||Res 2||Support 1||Support 2|
Last Updated on Tuesday, 03 December 2013 04:05 GMT