Home > Boards > Forex > General > Forex Technical Review

Forex Technical Review 3/24/08

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
tsafi Member Profile
 
Followed By 56
Posts 4,567
Boards Moderated 0
Alias Born 12/08/05
160x600 placeholder
Blackstone's BioMed to Invest $1.2 Billion in New UK Labs
U.S. real-estate investment company BioMed Realty said Tuesday that it plans to significantly increase its laboratory space in the U.K. after acquiring two sites in the city of Cambridge.
Compass Group Says 4Q Underlying Revenue to Be 86% of Fiscal Year 2019's
AstraZeneca to Build $360 Million Manufacturing Plant in Dublin
EMEA Morning Briefing: Stocks to Rebound as Markets Look Calmer
Top Company News of the Day
Elliott Management Reduces SoftBank Group Stake, New York Post Reports
Verrica Pharma Shares Slide 25% After Company Receives Letter From FDA
FedEx Increasing Shipping Rates Next Year
Air Products Raising N Amer Prices for Liquid and Bulk Industrial Gas Products
Soybeans Slide as Investors Retreat to Safe Havens -- Daily Grain Highlights
Correction to Dow Earnings Headline on July 22
Front Month Nymex Natural Gas Fell 2.35% to Settle at $4.9850 -- Data Talk
Front Month Nymex RBOB Gasoline Fell 2.58% to Settle at $2.1152 -- Data Talk
JPMorgan on Track for Largest Percent Decrease Since June 2020 -- Data Talk
Housing Starts, Existing Home Sales on Tap -- Data Week Ahead Update
Aveo Oncology Shares Drop 7% After Fast Track Designation for Ficlatuzumab
UBS Group Down Over 6%, on Track for Largest Percent Decrease Since June 2020 -- Data Talk
Universal Music Group's Reference Price Is Set at EUR18.5
EURO STOXX 50 Index Ends 2.11% Lower at 4043.63 -- Data Talk
STOXX Europe 50 Index Ends 1.37% Lower at 3473.55 -- Data Talk
CAC 40 Index Ends 1.74% Lower at 6455.81 -- Data Talk
tsafi   Tuesday, 03/25/08 07:33:27 AM
Re: tsafi post# 204
Post # of 268 
Forex Technical Review 3/24/08

EUR/USD
The pair corrected to the 1.5300 levels which is a key Fibonacci(not the king today) level yet failed to make a bearish breach. There is a bullish cross forming on the daily chart, and together with a sharp bullish spike it appears that there is now more room to run upwards. Next target price might be 1.5660.
GBP/USD
The cable is in the middle of a bullish trend which according to the daily chart has positive momentum. The RSI is floating at 50 and the slow stochastic is showing no reversal crosses. It appears that the bullish trend might continue with a target price of 2.0070.
USD/JPY
There is a very distinct narrowing bullish channel forming on the 4 hour chart as the pair now floats on the bottom barrier of it. The slow stochastic is showing a triple top formation with a positive slope, which indicates that the continuation of the bullish trend is quite imminent. Going long might be the right way to go today.
USD/CHF
The bullish channel which was initiated at 0.9800 continues with full momentum. The Slow Stochastic of the 1 hour chart implies on an additional bullish move, and the RSI is showing that there might be a breach through the upper level of the channel in the next 48 hours. Going long with tight stops might be preferable today.


Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist
Consent Preferences