Daily trading forecasts for March 21, 2013
March 21, 2013 6:15 amVideo
Latest News
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- EUR/USD. Analysis for April 12th. The euro falls down under the pressure of the news background April 12, 2024
- GBP/USD. Analysis for April 12th. A significant event: the pound fell below the 25-figure April 12, 2024
- Trading Signals for EUR/USD for April 12-15, 2024: buy above 1.0620 (-2/8 Murray – rebound) April 12, 2024
- GBP/USD: trading plan for the US session on April 12th (analysis of morning deals). The pound followed the euro April 12, 2024
- EUR/USD: trading plan for the US session on April 12th (analysis of morning deals). The euro continues to fall April 12, 2024
- EUR/USD and GBP/USD: Technical analysis on April 12 April 12, 2024
- EUR/USD: Dovish signals from the ECB and rising PPI April 12, 2024
- EUR/USD. April 12th. ECB meeting: confidence in rate cut increased in June April 12, 2024
- GBP/USD. April 12th. British economy continues to stagnate April 12, 2024
- Analysis and trading tips for EUR/USD on April 12 (US session) April 12, 2024
- Analysis and trading tips for USD/JPY on April 12 (US session) April 12, 2024
- Analysis and trading tips for GBP/USD on April 12 (US session) April 12, 2024
- Weekly Forex Outlook: 12/04/2024 – More inflation data on the way as rate cut bets in disarray April 12, 2024
- Technical Analysis – GBPUSD ticks down to new 5-month low April 12, 2024
- Bitcoin holds above $70,000 as halving event looms – Crypto News April 12, 2024
- Week Ahead – More inflation data on the way as rate cut bets thrown into disarray April 12, 2024
- Bitcoin will thrive during supply crisis April 12, 2024
- Technical Analysis – EURUSD plummets after US CPI and ECB decision April 12, 2024
- Will US retail sales add juice to the dollar’s rally? – Preview April 12, 2024
EUR/USD: This market has been very volatile this week. Irrespective of the current rally in the market, the EUR/USD would still fall further. The price is still moving below the resistance line at 1.3000, and when it does fall further, it would go lower to the support line at 1.2900.
USD/CHF: Strictly speaking, the market is kind of consolidating. The price action is suggesting a bearish possibility, whereas the indicators do not yet support the price action. In the near term, the trend is bullish, and one would do well to stay out of the market right now until a clearer signal is generated.
GBP/USD: This market remains bullish – irrespective of the volatility. The market has already reached the weekly low of 1.5026, and the price is not expected to go below that accumulation territory. Meanwhile, the price would ultimately grind higher towards the distribution territory of 1.5200.
USD/JPY: In the face of what has happened this week, the price action and the indicators are giving a confirmation of a bullish bias on the pair. This is mainly due to the current weakness in the yen. The price is currently above the demand level at 95.50 and would eventually reach the supply level of 96.50.
EUR/JPY: Despite the crazy volatility and bearish threats on this cross, it has been unable to go below the demand zone of 122.00 (not to mention closing below that zone). The price is now shooting upwards, plus the RSI has supported this action. We would wait to see if the current scenario is tenable, then we would open a trade accordingly.
The material has been provided by InstaForex Company – www.instaforex.com
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