Fundamental

Technical

Futures

Central Banks

Forex Brokers

Trading Tools

More Tools

 

Cross Rates

By:   Crown Forex
  • 24-07-2008
0
votes
 
View Comments (0)
Previous Analysis | Next Analysis
Text Size
Print
Email
Add a Comment

EUR/JPY

The Euro inclined against the Yen to reach near the 170 mark, yet the pair couldn't breach the strong resistance level at 169.96, the pair started to adjust over the momentum indicators on intraday and short term basis and that might provide the pair with the strength to rise beyond this level, as the next target is set to be at 170.28, while the strong upside wave will persist as long as the 168.13 remains intact.

Support169.19168.98168.65168.40168.13
Resistance169.47169.65169.96170.28170.57
Recommendation...



GBP/JPY

The Pound extended its gains against the Yen as the pair breached the 215 levels and seems to have settled within it, the momentum indicators are still providing further upside potential on intraday basis, however over the short term the momentum indicators are pointing that the pair is being traded within an overbought area and that calls for a correctional wave which might take a form of a sideway wave, but we still don't believe the pair will breach the strong resistance at 216.39 before undergoing a correction.

Support215.31214.89214.45213.91213.29
Resistance215.80216.39216.97217.46217.92
Recommendation...



EUR/GBP

The Euro declined against the Pound yesterday after the pair breached the lower band of the range at 0.7907 which provided the pair with huge downside momentum that took the pair down to the 0.7844 support level which resides just above the strong support at 0.7831 which represents the 38.2% correctional wave for the upside wave that started in February 2008, on intraday basis the pair could drop further yet we might see some upside corrections to adjust the momentum over the short term, and only rising above 0.7907 would change the pair's short term trend to the upside.

Support0.78580.78440.78310.78140.7800
Resistance0.78730.78900.79070.79180.7931
Recommendation..

 


Share:
Digg
Del.icio.us
Next Analysis: Euro Could Have Short-Covering Rally to 1.5807
Content Provided by:
Crown Forex
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


Comments
Add a Comment
Please Login to Post a Comment
User Email:
Password:
  Remember Me Register For Free
  Forgot Password | Help
Become a member and get 6 free Forex courses by OTA!

 
  • Webinar
 
  • Charts
 

 
  • Survey

Are you using a signal service?

Yes
No
Once in a while
What are signals?

 
ForexPros.com Newsletter
 

 
 

Special Offers: