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USD CAD approaches the target 07/03/2013
The pair returns to be trading positively and approaches from the initial main target at 1.0365, supported by the positive overlapping signal that is provided by Stochastic.
Overall, the bullish trend will remain preferred as long as the price is above 1.0180, and breaching above 1.0365 will open the way for more upside move which its main targets might reach towards 1.0660
Expected trading range for today is between: 1.0200 support and 1.0450 resistance.
Expected trend for today: Bullish
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USD JPY at the sideways range resistance 07/03/2013
The pair’s trading bounced higher after finding a good support at the EMA50, where it moves now at the sideways range’s resistance.
MoreGBP USD attacks the psychological barrier 07/03/2013
The pair opened today’s trading with a strong bearish bias to start now the attempts to break below the psychological barrier 1.5000, which represents the initial target for the recent reports.
MoreEUR USD breaks the critical support 07/03/2013
The pair pushed negatively yesterday to achieve a break below 1.2990 and settled with a daily close below it, this break represents a strong negative signal that might push the price to visit levels begin at 1.2710, but we prefer staying aside for today in order to monitor another daily candle stick close below the mentioned level and followed by confirming the continuation of the downside track, where Stochastic shows clear oversold signals that might assist in the attempt to turn the price back to the negativity.
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