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Home Forex Forex Trading Updates and Views Dollar trading: A technical look
Dollar trading: A technical look PDF Print E-mail
Written by Will Peters   
Monday, 12 July 2010 11:58
A range of technical views on dollar trading.


Delta Index have said that the USD CAD pair has reached a MACD Crossover.

"Signal: Sell @ 10337, Stop 10680, Initial target 9654," say Delta Index.     

FX options have also picked out the USD CAD for mention.

"Pivot: 106.50, our forecast suggests USD CAD will experience a down move towards 101.4 or even 99.50. The pair has struck against its resistance and should face a weakness as the RSI is badly directed."

Forex-Metal Traders, the online forex trading platform have issues calls on the following three pairs:

GBP USD


"The pair has risen up to resistance 1.5252, but trading below this level. It is a strong level and the pair may roll back to 1.5058 and if this level will be broken the pair will decline to 1.4853," says a note from FX Options.  

Resistance is seen at 1.5252, 1.5484, 1.5672 while support is seen at 1.5058, 1.4853, 1.4668.

EUR USD


"The pair has corrected to the first level 23,6% Fibonacci retracement. If the pair breaks and closes above 1.2634, the pair will try to correct to the second level at 1.3113. If the pair closes below 1.2634, the pair may decline to 1.2181."

Resistance is at 1.2701, 1.2863, 1.3028 while support is at  1.2561, 1.2391, 1.2181

AUD USD


"The pair has risen to Moving Averages (100 and 200). If the pair closes above 0.8724 the pair will rise up to 0.8903. If the pair closes below 0.8724 the pair will decline to 0.8576."

Resistance is at 0.8724, 0.8903, 0.9028 while support is at 0.8576, 0.8424, 0.8272.
Last Updated ( Monday, 12 July 2010 12:01 )