March 2013 - ForexAbode.com.

Euro regains ground to $1.28 after another sharp fall in early Thursday trading

March 28, 2013 11:49 am GMT+0  in Forex Analysis

Economic news (28 March 2013) – The euro declined sharply again in early London trading, after managing to slightly recover overnight, following Wednesday’s four-month low against the dollar. During Thursday’s early session, the single currency quickly dropped below $1.28, soon after data showed the number of German unemployed people has increased by 13K. However, the […]

Yen advances sharply on Kuroda first press conference

March 21, 2013 10:22 am GMT+0  in Forex Analysis

21 March 2013 – Today’s highlight on the Japanese economic scene is the first press conference of the newly elected BOJ Governor Haruhiko Kuroda, being held at the moment. The Japanese currency is experiencing a sharp increase, trading at $95.45 at the time of writing. Earlier today, the yen climbed modestly against the dollar, trimming its […]

The pound offsets some of yesterday’s losses ahead of UK bond auction

March 13, 2013 12:03 pm GMT+0  in Forex Analysis

    The pound offsets some of yesterday’s losses ahead of UK bond auction   Economic news (13 March 2013) – In today’s early session the sterling managed to recover slightly from its yesterday’s tumbling against the dollar when it reached a fresh low of $1.4837, unseen since June 2010. The pound was trading higher […]

GOLD: Broader Bias Remains Lower.

March 10, 2013 7:13 pm GMT+0  in Forex Analysis

GOLD: While GOLD may have traded flat the past week, it continues to look weak and vulnerable. This suggests further downside towards the 1,554 level. A violation will pave the way for a run at the 1,530.00 level with a breach aiming at the 1,500.00 level, its psycho level. We expect a price hesitation to […]

USD/CHF And The Upcoming Resistances

March 10, 2013 3:44 am GMT+0  in Chart Alert

The break over 0.9512 was a significant move as it does not even represented the break over the psychological 0.9500 level but suggests a decisive break of the same. The next critical resistance zone will be o.9635/0.9657. Any break over 0.9657 should bring further gains towards 0.9800 or more for USD/CHF. USD/CHF weekly chart The […]

AUD/USD And Possible Supports And Resistances

March 10, 2013 3:01 am GMT+0  in Chart Alert

AUD/USD has been in a very volatile sideways range since September 2010 i.e. close to two and a half years. The low of this range was 0.9537 if we exclude a brief break of this range during October 2011 when the pair had touched a low of 0.9387. The high was 1.1080. Since July 2012 […]

The Two And Half Years Old Support Turns Into Resistance For GBP/USD

March 10, 2013 1:37 am GMT+0  in Chart Alert

GBP/USD has been in a very volatile side ways range since July 2010 i.e. over two and a half years. The low of this range was 1.5233 and the high was 1.6746. The currency pair recently broke below this range when it went as low as 1.4885 during the last week. This break made the […]

EUR/USD Gets Another Bearish Signal

March 9, 2013 10:13 am GMT+0  in Chart Alert

EUR/USD’s move below 200-day moving average gad given a strong bearish signal as was indicated in this EUR/USD chart alert. However, the pair had gone into a very volatile sideways mode since then. The upward jump found resistance below 22-day EMA and then price fell below the 200-day EMA again. The new bearish signal was when 5-day […]

Sterling on its way for a second consecutive day of losses

March 4, 2013 2:25 pm GMT+0  in Forex Analysis

Economic news (4 March 2013) – The British pound depreciated further against the dollar in early Monday trading, extending its Friday losses when it dropped to its lowest level in nearly three years. On Friday the sterling fell below the psychologically important $1.500 mark for the first time since July 2010, reaching an intraday low […]

AUDUSD: Weakens, Targets The 1.0100 Level & Below.

March 4, 2013 12:53 pm GMT+0  in Forex Analysis

AUDUSD: As indicated in our weekly outlook, AUDUSD extended its broader medium term weakness during Monday trading today. With the pair now holding below the 1.0200 level and testing a low of 1.0114 level, there is risk of further downside pressure. The immediate support resides at the 1.0100 level where a break will target its […]

EUR/USD Breaks Below The 200-Day Moving Average Support

March 3, 2013 10:53 pm GMT+0  in Chart Alert

On last Friday EUR/USD not only broke below 1.2997 but also broke the 200-day moving average support. Though the weekly closing was slightly above the 200-day SMA but the today’s trading session started with another break below that support. During mid-November 2012 the 200-day SMA level had proved to be a very strong support and […]