Daily Trading Forecasts for September 2, 2013
September 2, 2013 8:15 amVideo
Latest News
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- GBP/USD. May 10th. The British economy was pleasantly surprised May 10, 2024
- USD/JPY: Simple trading tips for novice traders on May 10th (US session) May 10, 2024
- GBP/USD: Simple trading tips for novice traders on May 10th (US session) May 10, 2024
- EUR/USD: Simple trading tips for novice traders for May 10th (US session) May 10, 2024
- GBP/USD: trading plan for the US session on May 10th (analysis of morning deals). The pound hit 1.2535 May 10, 2024
- EUR/USD: trading plan for the US session on May 10th (analysis of morning deals). The euro shows no signs of life May 10, 2024
- Trading Signals for BITCOIN (BTC/USD) for May 10-15, 2024: buy above $62,500 (21 SMA – 4/8 Murray) May 10, 2024
- Video market update for May 10, 2024 May 10, 2024
- Technical Analysis – GBPJPY continues to ascend May 10, 2024
- Technical Analysis – EURUSD retests 200-day SMA near downtrend line May 10, 2024
- Bitcoin finds support from a weaker dollar – Crypto News May 10, 2024
- Weekly Forex Outlook: 10/05/2024 – US inflation numbers to shake Fed rate cut bets May 10, 2024
- Forex forecast 05/10/2024: EUR/USD, GBP/USD, USD/JPY and Bitcoin from Sebastian Seliga May 10, 2024
- Week Ahead – US inflation numbers to shake Fed rate cut bets May 10, 2024
- GBP/USD: trading tips for beginners for European session on May 10 May 10, 2024
- EUR/USD: trading tips for beginners for European session on May 10 May 10, 2024
- Market Comment – Dollar slides, gold shines after soft US labor market data May 10, 2024
- Technical Analysis – AUDUSD remains undecided near crucial technical region May 10, 2024
- Technical Analysis – USDCAD slips beneath 20-day SMA May 10, 2024
EURUSD: The EURUSD fell by roughly 170 pips last week, closing at 1.3222. There would be some short-lived bullish attempts this week, but the general outlook remains bearish. There is a resistance line at 1.3300, and whereas the price may reach the support line of 1.3100.
USDCHF: This pair is a bull market which has been able to reject any serious bearish attempts on it. Last week was closed in a range movement, and this week could see the price being pushed upwards towards the resistance levels at 0.9350 and 0.9400 respectively. Would this pair ever see parity again?
GBPUSD: There is still a Bearish Confirmation Pattern on the Cable and this fact could continue serving as an aid to bears’ interest. The price action could rightly be called a ranging one, and when a breakout does occur, it is more likely to be towards the downside, going towards the accumulation territory of 1.5400.
USDJPY: This currency instrument – though a difficult market – has now produced a kind of clear signal. It shows a northward possibility, perhaps towards the supply level at 99.00, before any serious retracement. Long position could be opened with small sizes and tight stops.
EURJPY: There is a bearish outlook here, and the price would probably keep on going downwards this week. The simple fact is that the EUR is weak and the USD is strong. Therefore the price could go further southward, reaching some demand zones of 129.00 and 128.50 successively.
The material has been provided by InstaForex Company – www.instaforex.com
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