pas Posted October 29, 2012 Report Share Posted October 29, 2012 PaxForex takes 776 pips in turbulent week This week featured the final presidential debate between Mr. Obama and Governor Romney and the focus was foreign policy. This was the third time in three debates where Romney illustrated his superiority not only as a presidential candidate, but also as a human being. He remained calmed through the childish interferences by Mr. Obama and kept his composure. http://www.paxforex.com/getattachment/17c46447-26d9-4ff4-ab19-ba5d0cc1a286/PaxForex-takes-726-pips-in-turbulent-week?maxsidesize=200 Read more here : http://www.paxforex.com/forex-analysis/paxforex-takes-726-pips-in-turbulent-week Quote Link to comment Share on other sites More sharing options...
pas Posted October 29, 2012 Author Report Share Posted October 29, 2012 Forex Technical Outlook, EU Session, October 29, 2012 For intraday bias, the EURUSD is now into a bearish signal in its movement, as prices are now moving at 1.2895 and might penetrate its key support line of 1.2893 confirming its bearish movement on its price chart. Its RSI (14) indicates that prices are now dropping near the oversold levels. In addition, the weak traction at the moment might project more bearishness in its movement. The MACD (9, 12, 26) also indicates that prices are now moving in the oversold levels. Read more here : http://www.paxforex.com/forex-technical-analysis-es-291020124 Quote Link to comment Share on other sites More sharing options...
pas Posted October 29, 2012 Author Report Share Posted October 29, 2012 Forex Fundamental Outlook, EU Session, October 29, 2012 For Monday, expect the Euro to weaken once again in its currency valuation for the start of the week, wherein the EURUSD has lost its 1.30 range mainly due to the debt crisis in the euro-region showing no progress in sight together with Germany’s economic data becoming weaker with its Preliminary CPI showing flat reading in its projection. In addition, inflation in Germany is anticipated to decline slightly during October as the Consumer Price Index increased by 2% in September; however its projection to drop by 0.1% to 1.9% in October according to most analysts assessment. Read more here : http://www.paxforex.com/forex-fundamental-analysis-es-29102012 Quote Link to comment Share on other sites More sharing options...
pas Posted October 29, 2012 Author Report Share Posted October 29, 2012 CADJPY at Quadruple Support The CADJPY has corrected from a double top as visible in this H4 chart and the decline was halted by quadruple support levels. This pair has a solid foundation to launch a rally from these levels. The rally may be halted by its 50 DMA. http://www.paxforex.com/getattachment/4d0e5c34-4896-40b4-a81a-db60f8db9994/CADJPY-at-Quadruple-Support?maxsidesize=200 Read more here : http://www.paxforex.com/forex-analysis/cadjpy-at-quadruple-support Quote Link to comment Share on other sites More sharing options...
pas Posted October 29, 2012 Author Report Share Posted October 29, 2012 USDCAD prepares for correction The USDCAD has rallied from its lows and formed a rising wedge formation as visible in this H4 chart. The last three candlestick patterns have formed at the top of the formation which hints that a breakdown is imminent. http://www.paxforex.com/getattachment/0fc7a996-7e76-4b1f-8084-6fe218479aec/USDCAD-prepares-for-correction?maxsidesize=200 Read more here : http://www.paxforex.com/forex-analysis/usdcad-prepares-for-correction Quote Link to comment Share on other sites More sharing options...
pas Posted October 30, 2012 Author Report Share Posted October 30, 2012 CADCHF ready for minor bounce The CADCHF has declined from its last minor rally in its general downtrend as visible in this H4 chart. The pair currently trades at the same support level which allowed it to launch its previous rally. This rally may not be as strong as the previous one due to its declining resistance level. http://www.paxforex.com/getattachment/b75f7acb-ebfd-442a-af54-761b774e6039/CADCHF-ready-for-minor-bounce?maxsidesize=200 Read more here : http://www.paxforex.com/forex-analysis/cadchf-ready-for-minor-bounce Quote Link to comment Share on other sites More sharing options...
pas Posted October 30, 2012 Author Report Share Posted October 30, 2012 NZDUSD poised for correction The NZDUSD has rallied from its lows as visible in this H4 chart. The rally was halted by double resistance. The first resistance comes from its previous highs which caused this pair to correct to the lows from which it launched its current rally. The second resistance is provided by its 200 DMA. http://www.paxforex.com/getattachment/0fb91bf8-c729-496c-a59b-dce381c56a90/NZDUSD-poised-for-correction?maxsidesize=200 Read more here : http://www.paxforex.com/forex-analysis/nzdusd-poised-for-correction Quote Link to comment Share on other sites More sharing options...
pas Posted October 30, 2012 Author Report Share Posted October 30, 2012 Forex Technical Outlook, EU Session, October 30, 2012 For intraday bias, the EURUSD is now into a bullish signal in its movement, as prices are now moving at 1.2932 and penetrated its key resistance line of 1.2928 confirming its bullish movement on its price chart. Its RSI (14) indicates that prices are now rising near the overbought levels. In addition, the strong traction at the moment might project more bullishness in its movement. The MACD (9, 12, 26) also indicates that prices are now moving in the overbought levels. Read more here : http://www.paxforex.com/forex-technical-analysis-es-30102012 Quote Link to comment Share on other sites More sharing options...
pas Posted October 30, 2012 Author Report Share Posted October 30, 2012 Forex Fundamental Outlook, EU Session, October 30, 2012 For Tuesday, expect the Euro to weaken again in its currency valuation, as more pressure is growing within the Euro-zone due to the growing doubts cast over whether Greece can meet austerity targets or not, as coalition talks on the latest round of spending cuts remained deadlocked. Previously, the European Central Bank Governing council member, Ewald Nowotny, said that condoning the Greek debt is impossible for the central bank since it would mean the bank is indirectly financing governments. On the other hand, the German government spokesman, Steffan Seibert said that the Greek debt restructuring program is out of the question. Read more here : http://www.paxforex.com/forex-fundamental-analysis-es-30102012 Quote Link to comment Share on other sites More sharing options...
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