Tuesday 13 August 2013

FACTSFOREX DAILY FOREX ANALYSIS FOR 13/8/13

                                                                    EUR/USD
EUR/USD moved lower today as expected by  virtue of inside bar break on Monday and ended the day at 1.3261 after pairing some losses into the New York close.We are careful for the rotation of this pair to key support zone of 1.3200 because the market closed within the EMAS slope.Ideally the support zone of 13200 will determine the strong directional move of this pair bearing any close above or below this key zone



                                                               GBP/USD
GBP/USD formed a bearish pinbar today.We anticipate a bearish rotation to the slope of the EMAS and also the support zones around 1.5200-1.5100 where will can look out for an obvious bullish setup to join the dominant trend.

4HRS CHART

DAILY CHART



                                                             AUD/USD
AUD/USD moved lower today after yesterday stalling.The dominant trend is still down, but we will keep our eyes open for any bullish setup around 0.9036 zone.


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