In The Eyes of the Experts – 14/06/2012

Get Forex buy/sell signals directly to your email and by SMS.
To learn more click here

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:

  • NZD
  • CAD


Currencies watch for Short:

  • GBP
  • EUR
  • CHF


Today’s important times (GMT+2):

  • 15:30 – USD
  • 21:00 – GBP


Important rates:

Pair R2 R1 Pivot S1 S2
EURUSD 1.2415 1.2494 1.2552 1.2631 1.2688
GBPUSD 1.5423    1.5471    1.5534 1.5581 1.5643
USDJPY 79.01 79.19 79.46 79.64 79.91
USDCHF 0.9466 0.9505 0.9565    0.9611 0.9671
USDCAD    1.0215 1.0249 1.0275 1.0309    1.0335
AUDUSD 0.9884 0.9916 0.9959 0.9991 1.0035   
Want to read more articles like this one?
Enter your e-mail address and read FX Empire content directly from your inbox.
We value your privacy. Your e-mail address will not be shared.
About: Nir Yaffe

Nir has been in the finance markets for over twenty years. He is highly respected and his expertise in the currency trading market is well known.

  View all of Nir Yaffe's Articles    
Share Your Thoughts: Post a Comment

Your email address will not be published.