Powered By

Breaking News

Technical Crosses


Technical Tips

Show PreviouseShow Next  

Publish Date29/11/2012 12:54:41 PM

Last Update29/11/2012 12:57:41 PM

Midday Report


The pair is still trading below 131.85, a reason to withstand expectations in our previous report . Stochastic also projects negative signs supporting these expectations, which emerged after the pair failed to stabilize above the "C" top of the bullish Harmonic Bat pattern.

The trading range expected for today is between the key support at 129.05 and the key resistance at 133.55 .

The short-term trend is to the downside targeting 112.00 as far as 150.00 remains intact.

Previous Report

Weekly Report

RecommendationBased on the chart and explanation above, our opinion is to sell the pair below 131.85 targeting 130.80, 130.35 and 129.75 and stop-loss with four-hour closing above 132.35


Member Account Required
You must be registered as a member of the forums and logged into your account to post messages. If you do not have a member account, please Sign In or Register.
United States
Asia Pacific
Economic Calendar
Holiday Calendar
ECB Calendar
Feds Calendar
BoE Calendar
Boj Calendar
Top News
FX Updates
Market News
Global Highlights
Political News
Around the World
At A Glance & Video Commentaries
Market Pulse
Press Releases
About Us
Contact Us
Privacy Policy
Terms of Services

Risk Disclaimer : All information on this page is subject to change. The use of this website constitutes acceptance of our Privacy Policy and Terms of Service. Please read our Privacy Policy, Risk Disclaimer, Terms of Services and all legal disclaimers. Please note that Forex trading (OTC Trading) involves substantial risk of loss, and may not be suitable for everyone.

Opinions expressed at ICN.com are those of the individual authors and do not necessarily represent the opinion of ICN.com or its management, shareholders, affiliates and subsidiaries. ICN.com has not verified the accuracy of any claim or statement made by any independent writer and is reserved as their own and ICN.com is not accountable for their input. Any opinions, news, research, analysis, prices or other information contained on this website, by ICN.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. ICN.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. The data contained on this website is not necessarily real-time or accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market prices, meaning prices are indicative and not appropriate for trading purposes. ICN.com does not bear any responsibility for any trading losses you might incur as a result of using this data.