Monthly Archives: September 2010

Stronger Yen, Following The weakening of the Japanese Stock.

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In currency trading the Asian session today (30-09), seen the Yen has strengthened against the U.S. Dollar.

Pair EUR / JPY is currently observed Yen moving in the range of 83.51 compared to the opening price this morning at around 83.68.

It appears this morning experienced the strengthening Yen, accompanying the weakening in the Japanese stock market.

Meanwhile, this morning has been released several Japanese economic data period of August 2010, Prelim Industrial Production m / m recorded decreases of 0.3% compared to the period.

More Currency News for Forex Trader.

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FX Chart Daily – Technical Analysis 30. Sept. 2010

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Technical Analysis for the following Currencies:

EUR/USD, USD /CAD, USD/JPY, AUD/USD, GBP/USD, EUR/JPY, EUR/CHF.

EUR / USD during the day: the upward movement will prevail.
Fulcrum (devaluation level): 1.355
We prefer: long positions in 1356 with a price target to 1,364 and 1.3695.
Alternative scenario: in 1355 we expect further downward movements with 1.3505 & 1344 as price targets.
Technical Analysis Comment: the RSI is mixed to bullish.

Forex Trading Technical Analysis Chart

Technical Analysis EUR-USD 30. Sept. 2010

USD / CAD in the course of the day: further increase.
Fulcrum (devaluation level): 1.0295
We prefer: long positions of 1.0295 with expanded course objectives at 1035 & 1038.
Alternative scenario: below 1.0295, we expect further downward movements with 1.0275 & 1025 as price targets.
Technical AnalysisComment: the RSI is mixed with a bullish trend.

USD / JPY during the day: under pressure.
Fulcrum (devaluation level): 83.8
We prefer: sales positions at 83.75 with a target price to 83.2 and 82.85.
Alternative scenario: more than 83.8, we expect further upside movements with 84.1 & 84.5 as price targets.
Technical Analysis Comment: the RSI is mixed to bearish.

AUD / USD intraday: Under pressure.
Fulcrum (devaluation level): 0971
We prefer: short positions in 0971 with expanded course objectives at 0.9645 and 0.9615.
Alternative scenario: about 0971, we expect further upside movements with 0975 & 0.9805 as price targets.
Technical Analysis Comment: the RSI is mixed to bearish.

GBP / USD intraday: Continuation of conversion.
Fulcrum (devaluation level): 1,577
We prefer: long positions in 1578 with price targets on 1587 & 1.59.
Alternative scenario: in 1577 we expect further downward movements with 1:57 & 1564 as price targets.
Technical Analysis Comment: the RSI is well aligned.

EUR / JPY during the day: the upward movement will prevail.
Fulcrum (devaluation level): 113.15
We prefer: long positions in target price to 113.22 with 114.25 and 115.1.
Alternative scenario: below 113.15, we expect further downward movements with 112.65 & 112.15 as price targets.
Technical Analysis Comment: the RSI is mixed with a bullish trend.

EUR / CHF during the day: the upward movement will prevail.
Fulcrum (devaluation level): 1.325
We prefer: long positions of 1325 with expanded course objectives at 1334 & 1339.
Alternative scenario: in 1325 we expect further downward movements with 1.3205 & 1316 as price targets.
Technical Analysis Comment: the RSI is mixed to bullish.

Daily Chart Technical Analysis

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