Analysis of EUR/USD , for 22-10-2012 By Taqi Niaxee
Our preference: Short positions below 1.3045 with targets @ 1.299 & 1.2965 in extension.
Alternative scenario: Above 1.3045 look for further upside with 1.308 & 1.312 as targets.
Comment: the pair has validated a bearish flag and is approaching its next support.
Alternative scenario: Above 1.3045 look for further upside with 1.308 & 1.312 as targets.
Comment: the pair has validated a bearish flag and is approaching its next support.
According to my personal experience the EURO still have very strong
position against the USD.
Overall Average: 72% Strong Buy
Forex Quote as of Sunday, Oct 23, 2012
| High | 1.30748 | Low | 1.29950 |
|
52Wk High
1.42447
Since 10/27/11 (-8.72%) |
52Wk Low
1.20439
Since 07/24/12 (+7.97%) |
||
| Open | 1.30588 | Prev Close | 1.30582 |
| Volume | 702,640 | Avg Volume | 1,229,179 |
| Weighted Alpha | -5.02 | Standard Dev | -1.01 |
| 20-Day Average 1.29618 | 100-Day Average 1.25986 | ||
| 14-Day Rel Strength 55.23% | 14-Day Stochastic 57.22% | ||
| Trend Spotter | Buy | Trend Strength | Minimum |
he Idea Support and Resistance prices are
| 2nd Resistance Point | 
|
1.31195 |
| 1st Resistance Point | 1.30889 | |
| 1st Support Level | 1.30185 | |
| 2nd Support Level | 1.29849 |
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