Forex comentary

Hello everyone, we have to be cautious these days with our trading, lots of volatility in these uncertain markets, possible reversal patterns are present at pairs EURJPY and NZDUSD, also a bearish crossing of moving averages on the aussie dollar can push further down moves. Also rumors about a deal between chinese and Italy's government about a possible buying of Italy's debt by the chinese helped at some point yesterday in Wall Street.

British pound is testing supports at a strong support area, we will watch it carefully for possible bullish signals, if prices keep on falling, the next support will be at 1.5640.

Happy Trading

Forex comentary

Hello everyone,  in today's session investors are waiting to hear what Mr Trichet has to say, around 2:00 pm start  the meeting at the ECB, most analyst think that interest rates are not going to be moved because they have more options to choose from to relax the markets and give some confidence.

Today's investing opportunity comes with silver and continuous drops in the Canadian dollar.

Lets star saying that prices were refused at the base of the channel confirming strong supports there, fir target is around 43.30 if confirmation is seen withing the next couple of days or today probably, for this scenario i will spect to see a white candle closing above yesterdays maximum, in contrary, if prices fall under support area, next support will be around 38.70 zone.

Happy Trading

Forex comentary

Hello everyone, today is almost certain we will get a confirmation of lower prices on the Canadian dolar, prices tried to make new highs yesterday but closed near opening prices, today prices are pushed lower and hopefully we will see a close lower than yesterdays low.

Happy trading