USD/JPY Daily Forecast for April 13, 2011
DAILY FORECAST :
Today the USD/JPY has been trading between the 5 periode Moving Avarage and the 20 periode Moving Avarage and in the range between 83.59 and the 84.21 levels. These two levels have a potential to be tested by this pair today, but if we look at the daily charts, the Stochastic studies is still in a Bearish Mode; so we predict that today the pair will test the support at 83.59 and the 3 days low at the 83.48 level. On the other hand, if the Resistance 84.21 can be broken by this pair today, the USD/JPY will test the 84.50 as the first target and the 84.71 as the second target.
Performed by Arief Makmur, Analytical expert
InstaForex Companies Group © 2007-2011
EUR/USD Daily Forecast for April 13, 2011
DAILY FORECAST :
Today this pair has a chance to trade in a sideways situation, because yesterday it closed in a range between the April 8th / 2011 high and low bar. It seems the EUR/USD will be trading between 1.4437 and the yesterday's high at 1.4518, if the yesterday's high can be broken out, this pair will test the next Resistance at 1.4550; however, because the Stochastic Studies is in "overbought" area, there's a chance the pair will get some correction or retracement, if the 1.4434 can be broken, it will have a chance to go down to 1.4422 as the first target and the 1.4378 as the second target.
Performed by Arief Makmur, Analytical expert
InstaForex Companies Group © 2007-2011
Register InstaForex Broker » Here
No comments:
Post a Comment