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Waw.... BOTMUFJ: EUR/USD may fall to $1.39

Technical analysts at Bank of Tokyo-Mitsubishi UFJ claim that the single currency may fall versus the greenback to the 3-week minimum at $1.39 (200-day MA, orange on the chart) in a week.

The specialists note that EUR/USD formed the “dead cross” yesterday: the 5-day MA (green) for the pair went down below the 20-day MA (brown) – the bearish signal.

In addition, there are 3 declining trend lines: the first one connects May 4 and July 4 maximums, the second – daily minimums since July 28, and the third – July 27, August 1 and August 4 maximums.

According to Bank of Tokyo-Mitsubishi UFJ’s forecast, the pair that’s declining since May is likely to keep falling during another several months, though the odds of breaking below $1.39 aren’t high.

What do you think? Details here : http://www.fbs.com/analytics/news_markets/view/8268

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Morning all, anyway about US dongrade BBH said : dollar won’t suffer much from US downgrade

Currency strategists at Brown Brothers Harriman believe that US downgrade won’t strongly affect US dollar’s rate. According to BBH, American currency will be driven by the rating cut only in the shortest term.

The specialists expect the greenback to consolidate versus its main counterparts. In their view, the pair EUR/USD will stay in the recent broad range between $1.4000 and $1.4600. The analysts think that the pair GBP/USD will keep trading between $1.6200 and $1.6600.

I am read from FBS

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UBS: bearish view on USD/CHF

Technical analysts at UBS are bearish on USD/CHF. The pair is currently trading just above the record minimum at 0.7359. The specialists say that there isn’t much support for the greenback until the psychological level at 0.7000. Resistance for American currency is found at 0.7741.

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From FBS Analytics and market news, hopefully useful for you that trade USD/CHF

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Last day, bearish view on EUR/USD

The single currency recovered versus the greenback rising from Monday's minimum at 1.4130. Never the less, technical analysts at MIG Bank believe that the bears are strong as euro’s advance has twice stumbled today at 1.4400. The bank underlines that this adds negative pressure to the one from the major triangle pattern out of which euro has failed to break.

http://www.fbs.com/analytics/news_markets/view/8322

Anyone get profit last day?

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Here for today

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Have a good trading all...

Thanks alot for your FBS News calendar Mang_Ncep..make us better to view the market direction.

Good share bro, Eurozone - Industrial Production , make strengthened for EUR. Now EUR/USD seem trending up...

eu52b.gif

This is for the GU analysis:

Analysts at Bank of America Merrill Lynch note that after the S&P cut US credit rating the greenback performed surprisingly well. In their view, dollar will keep being steady at rather strong positions.

The specialists say that investors are going to the nations where growth prospects look stronger. Never the less, the bank doubts that US currency will weaken even if the Federal Reserve goes down the path of quantitative easing over the next 6 months.

The economists claim that though in the past, when the U.S. economy has weakened, it's been negative for the greenback, if the slowdown spreads to the rest of the world and to the emerging markets in particular, the impact on US dollar will be quite positive. According to Bank of America, there’s a real possibility of the global economic slowdown.

As for the short term, however, the specialists favor British pound and Japanese yen. In their view, sterling is a good alternative for those who are nervous about US dollar or the single currency, while yen will be supported by strong fundamentals despite the risk of Bank of Japan’s interventions.

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