Monday 9 September 2013

FACTSFOREX DAILY MARKET UPDATE FOR 9/9/13

EUR/USD moved aggressively up today, close above 1.3200 zone we have been taking about in recent commentary.We are careful for the next directional momentum for this pair in the near term, but our bias is still bearish as the case may be.


GBP/USD continues it upsurge today by invalidating the pinbar high around 1.5720 mentioned yesterday.
Our next drectional moves will be determined by the price action reaction around the key resistance zone of 15753 area.We can get a false break or a convincing close above this zone in the near term.

NZD/USD rotated lower earlier in the session,but ended the day by forming a pinbar that can validate the continuation of the bullish run.The ranging momentum is still intact, next resistance level can be seen around 0.8162.


USD/CAD continues its bearish run today.We are still expecting a retracement to the horizontal resistance zone around 1.0444, where will look out for a bearish setup to trade in line with the bearish runs.


No comments:

Post a Comment