Posts Tagged ‘Daily Trader’

The Daily Trader update provides technical analysis of major currency pairs and forex market conditions at the time of the post. The support and resistance levels posted and current market price could be dramatically different from what you are seeing at the moment.

EUR/USD – Current 1.3605

Overview - 4 hour retracement trend has moved up nicely from the 1.2900 area to the upper 1.3600’s. Now looking for a potential break of the 4 hour trend line to begin falling again.

Resistance - 1.3685 / 1.3745 / 1.3797 / 1.3866 / 1.3949

Support - 1.3576 / 1.3490 / 1.3413 / 1.3279 / 1.3185

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GBP/USD – Current 1.5770

Overview – Large reaction to news (more…)

The Daily Trader update provides technical analysis of major currency pairs and forex market conditions at the time of the post. The support and resistance levels posted and current market price could be dramatically different from what you are seeing at the moment.

EUR/USD – Current 1.3300

Overview - Early this week we are seeing the potential break of the daily trend line that has been down since the beginning of last November. The price has found resistance at 1.3400 but a break will look for the next extension higher. The next major support break comes through 1.3075.

Resistance - 1.3335 / 1.3313 / 1.3485 / 1.3595 / 1.3693

Support - 1.3185 / 1.3075 / 1.2986  /1.2890 / 1.2810 / 1.2750

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GBP/USD – Current 1.5910

Overview – Daily Fib near 1.5930 capping (more…)