empty
 
 
19.09.2012 04:06 PM
Daily Trading Forecasts (September 19, 2012)

EURUSD:  EUR/USD is now experiencing some correction, as the price goes below the EMA 21 and the Stochastic falls into the oversold region. The next support target could be 1.2950.

This image is no longer relevant

 

USDCHF:  The consolidation on this pair is taking it gradually to the upside as the price threatens to cross the EMA 21 to the upside. The next resistance level in this upside correction could be 0.9350.

This image is no longer relevant

 

GBPUSD: Here the cable is experiencing a vivid pullback, as the Williams’ % Range points to the oversold level and the price attempts to cross the EMA 21 to the downside. The next support level could be at 1.6150.

This image is no longer relevant

 

EURJPY: This cross is currently volatile as the bulls and bears struggle against each other. The Williams’ % Range is almost in the oversold region, yet the bullish bias remains valid.

This image is no longer relevant

 

USDJPY: A valid long signal has already been generated within USDJPY, though, it is also subject to the present equilibrium propensity. If the price can break the resistance level at 79.00, the next target would be at 79.50.  

This image is no longer relevant

Summary
Urgency
Analytic
InstaForex Analyst
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $10000 more!
    In January we raffle $10000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback