Tuesday, 7 February 2012

Action Forex

Action Forex

Daily technical outlook

Posted: 07 Feb 2012 12:54 PM PST

Perfection is achieved, not when there is nothing more to add, but when there is nothing left to take away. ~ Antoine de Saint-Exupery Good morning. The euro is recovering after yesterday's test of support at $ 1.3050, although all eyes are on Greece these days. Current recovery is all about following the Aussie dollar which rallied big time in Asian session against most counter-parts after RBA surpr

Euro rises on hopes of near Greek resolution

Posted: 07 Feb 2012 12:45 PM PST

The euro was boosted on Tuesday by the news that the Greek government is preparing a final draft of the bailout agreement, which will be presented to the party leaders and discussed at a meeting scheduled for 20:00 GMT. Nevertheless, Jamie Coleman from Forex Live is skeptical about the final outcome of the Greek government’s efforts: "There was an agreement that resulted in the first bailout. There have

USDCHF broke above price channel

Posted: 07 Feb 2012 12:42 PM PST

USDCHF broke above the upper line of the downward price channel on 4-hour chart last Friday, suggesting that a cycle bottom had been formed at 0.9114, and lengthier consolidation of the downtrend from 0.9594 is underway. Range trading between 0.9114 and 0.9249 would likely be seen in a couple of days. Key resistance is at 0.9350, as long as this level holds, we'd expect downtrend to resume, and one more fall tow

Euro rises on hopes of near Greek resolution

Posted: 07 Feb 2012 11:45 AM PST

The euro was boosted on Tuesday by the news that the Greek government is preparing a final draft of the bailout agreement, which will be presented to the party leaders and discussed at a meeting scheduled for 20:00 GMT. Nevertheless, Jamie Coleman from Forex Live is skeptical about the final outcome of the Greek government’s efforts: "There was an agreement that resulted in the first bailout. There have

USDCHF broke above price channel

Posted: 07 Feb 2012 11:41 AM PST

USDCHF broke above the upper line of the downward price channel on 4-hour chart last Friday, suggesting that a cycle bottom had been formed at 0.9114, and lengthier consolidation of the downtrend from 0.9594 is underway. Range trading between 0.9114 and 0.9249 would likely be seen in a couple of days. Key resistance is at 0.9350, as long as this level holds, we'd expect downtrend to resume, and one more fall tow

Daily technical outlook

Posted: 07 Feb 2012 10:53 AM PST

Perfection is achieved, not when there is nothing more to add, but when there is nothing left to take away. ~ Antoine de Saint-Exupery Good morning. The euro is recovering after yesterday's test of support at $ 1.3050, although all eyes are on Greece these days. Current recovery is all about following the Aussie dollar which rallied big time in Asian session against most counter-parts after RBA surpr

Euro rises on hopes of near Greek resolution

Posted: 07 Feb 2012 10:45 AM PST

The euro was boosted on Tuesday by the news that the Greek government is preparing a final draft of the bailout agreement, which will be presented to the party leaders and discussed at a meeting scheduled for 20:00 GMT. Nevertheless, Jamie Coleman from Forex Live is skeptical about the final outcome of the Greek government’s efforts: "There was an agreement that resulted in the first bailout. There have

USDCHF broke above price channel

Posted: 07 Feb 2012 10:41 AM PST

USDCHF broke above the upper line of the downward price channel on 4-hour chart last Friday, suggesting that a cycle bottom had been formed at 0.9114, and lengthier consolidation of the downtrend from 0.9594 is underway. Range trading between 0.9114 and 0.9249 would likely be seen in a couple of days. Key resistance is at 0.9350, as long as this level holds, we'd expect downtrend to resume, and one more fall tow

Euro rises on hopes of near Greek resolution

Posted: 07 Feb 2012 09:46 AM PST

The euro was boosted on Tuesday by the news that the Greek government is preparing a final draft of the bailout agreement, which will be presented to the party leaders and discussed at a meeting scheduled for 20:00 GMT. Nevertheless, Jamie Coleman from Forex Live is skeptical about the final outcome of the Greek government’s efforts: "There was an agreement that resulted in the first bailout. There have

USDCHF broke above price channel

Posted: 07 Feb 2012 09:40 AM PST

USDCHF broke above the upper line of the downward price channel on 4-hour chart last Friday, suggesting that a cycle bottom had been formed at 0.9114, and lengthier consolidation of the downtrend from 0.9594 is underway. Range trading between 0.9114 and 0.9249 would likely be seen in a couple of days. Key resistance is at 0.9350, as long as this level holds, we'd expect downtrend to resume, and one more fall tow
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