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By: Crown Forex - 28-08-2008
0votes
The intersection for 20, 50 and 100 MA over 4-Hour charts has not been seen since 17-07 which resides now at 116.00 which set the direction to the upside for the short-term, trading above 117.00 for today keeps the upside valid targeting 120 and maybe 121; yet the buying saturation that is starting to appear upon short term indicators shows high volatility to be seen today.
The trading range for today is expected among the key resistance level at 125.30 and the key support level at 115.15.
The general trend is to the upside as long as 100.00 remains intact, targets now are at 150.00 and 153.65.Support 118.50 117.90 117.00 116.00 115.15 Resistance 119.80 120.85 121.80 122.95 123.95 Recommendation ...
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CROWN FOREX SA, located at St-Hubert 38, 2854 Bassecourt, P.o.box 247, Switzerland, is fully regulated as a financial intermediary under Swiss federal law on the prevention of money laundering (LBA, MLA). Our company is also affiliated with the ARIF association, thus overseen by the Swiss federal de
DISCLAIMER:
The above may contain information for investors/traders and is not a recommendation to buy or sell currencies, gold, silver & energies, nor an offer to buy or sell currencies, gold, silver & energies. The information provided is obtained from sources deemed reliable but is not guaranteed as to accuracy or completeness. I am not liable for any losses or damages, monetary or otherwise that result. I recommend that anyone trading currencies, gold, silver &energies should do so with caution and consult with a broker before doing so. Prior performance may not be indicative of future performance. Currencies, gold, silver &energies presented should be considered speculative with a high degree of volatility and risk
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