Tuesday, 2 March 2010

Weekly Outlook


EURUSD - The sentiment is not that -ve based on RSI but it should try another downside before the long Up trend. This week NFP data may be the point of reversal.


GBPUSD -Only way is spikes down like yesterday but sentiment must reverse for uptrend.Government is not helping currency in any means. But this was expected as UK wants cheaper GBP for their exports. How long Obama admin will tolerate such rates will be another question.


USDJPY - As Market rumours are on that this pair is looking to spike down below BLUE line. Careful with this pair; very unstable.


USDCHF - Based on RSI should touch Upper BLUE in another run.


GBPJPY - Must follow its major; instinct say drop dead game below BLUE line till Lower green meets lower blue.


EURJPY - Very unstable majors; will try extreme prices at top near U_Green and then below L_Blue.

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