Currency Pair Daily Forecasts

Daily Forex Technicals | Written by Finotec Group | Oct 23 08 09:36 GMT |

EUR/USD Daily Technical Reports EUR/USD-market strategy can be a buy from the level 1.2815$ Technical oscillators supporting the bullish trend for the currency pair To strengthen our analysis; we use many other indicators, starting with MACD (Moving Averages convergence divergence); we notice the MACD lines in a bullish direction and crossing below the zero line. In order to find the power of the market, we use RSI (Relative Strength Index).With RSI; we can determine that the market is in a bullish direction. USD/JPY Daily Technical Reports USD/JPY-market strategy can be a sell form the level 97.90 Technical oscillators supporting the bearish trend for the currency pair To strengthen our analysis; we use many other indicators, starting with MACD (Moving Averages convergence divergence); we notice the MACD in a bearish direction below the zero line. In order to find the power of the market, we use RSI (Relative Strength Index).With RSI; we can determine that the market is in a bearish direction. GBP/USD Daily Technical Reports GBP/USD-market strategy can be a buy from the level 1.6260$ Technical oscillators supporting the bullish trend for the currency pair To strengthen our analysis; we use many other indicators, starting with MACD (Moving Averages convergence divergence); we notice the MACD lines are in a bullish direction. In order to find the power of the market, we use RSI (Relative Strength Index).With RSI; we can determine that the market is in a bullish direction. As seen on the chart there are two bottoms leading upwards to a buying trend. USD/CHF Daily Technical Reports USD/CHF-market strategy can be a sell below the level 1.1350 Technical oscillators supporting the bullish trend for the currency pair To strengthen our analysis; we use many other indicators, starting with MACD (Moving Averages convergence divergence); we notice the MACD lines may be approaching a bullish cross above the zero line. In order to find the power of the market, we can use Momentum. With Momentum we see that the market is bullish. Finotec Group Inc. http://www.finotec.com/ Disclaimer: FINOTEC Tradings Market Commentaries are provided for informational purposes only. The information contained within these reports is gathered from reputable news sources and not intended as investment advice. FINOTEC Trading assumes no responsibility or liability from gains or losses incurred by the information herein.