Analysis of EUR/USD , for 24-10-2012 By Taqi Niaxee
Our preference: Short positions below 1.2992 with targets @ 1.2933 & 1.2880 in extension.
Alternative scenario: Above 1.2992 look for further upside with 1.3056 & 1.3127 as targets.
Comment: the pair has validated a bearish flag and is approaching its next support.
Alternative scenario: Above 1.2992 look for further upside with 1.3056 & 1.3127 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: 48% Buy
Forex Quote as of Sunday, Oct 24, 2012
| High | 1.29920 | Low | 1.29721 |
| 52Wk High
1.42447
Since 10/27/11 (-8.90%) |
52Wk Low
1.20439
Since 07/24/12 (+7.74%) |
||
| Open | 1.29860 | Prev Close | 1.29857 |
| Volume | 67,755 | Avg Volume | 1,217,558 |
| Weighted Alpha | -5.29 | Standard Dev | -0.17 |
| 20-Day Average 1.29662 | 100-Day Average 1.26024 | ||
| 14-Day Rel Strength 53.09% | 14-Day Stochastic 48.73% | ||
| Trend Spotter | Buy | Trend Strength | Minimum |
The Idea Support and Resistance prices are
| 2nd Resistance Point | 
|
1.31274 |
| 1st Resistance Point | 1.30565 | |
| 1st Support Level | 1.29331 | |
| 2nd Support Level | 1.28806 |
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