In The Eyes of the Experts – 03/07/2012

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By Nir Yaffe
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What is this report?

In the morning the experts meet in the dealing room in order to prepare themselves for another trading day. They read the business press, and note relevant economic announcements expected during the day. They also consider the support and resistance lines and discuss the important rates in the major pairs; they indicate which pairs may strengthen and those which could weaken. Afterwards they wish everyone a successfully day of trading and turn on the computer screens...

Below you can find pairs the experts assume may be strengthen and weaken during the trading day; support and resistance lines relevant to the day's trading and critical time for trading each day (important news etc.).

Currencies to watch for Long:

  • AUD
  • NZD
  • CAD

 

Currencies watch for Short:

  • EUR
  • CHF

 

Today's important times (GMT+2):

  • 11:30 - GBP

 

Important rates:

Pair R2 R1 Pivot S1 S2
EURUSD 1.2505 1.2541 1.2604 1.2641 1.2709   
GBPUSD 1.5602    1.5645    1.5682    1.5725    1.5763
USDJPY 78.98 79.21 79.53 79.76 80.08
USDCHF 0.9454 0.9507 0.9529 0.9575 0.9604

USDCAD   
1.0128 1.0149 1.0174 1.0195 1.0220
AUDUSD 1.0176 1.0205 1.0240 1.0270 1.0305

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