Fx Analysis 04/22/2009

April 22, 2009 by hyiperz

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Forex Forecast and Analysis for EURUSD Currency

EURUSD closed marginally above the open and infact it did not break the level we indicated and had a very tight range.Treasury Sec Speaks. Asian session was consolidating within a range and is very quiet.The Hourly Osc are bearish but mixed so cautious approach is needed.Hourly Trend is Sideways and Daily Trend is also Sideways,expect the price to be choppy with downside bias. Once 12885 gives way expect the price to reach 12810 or 12730 level, till then we prefer to be Sidelined.

Forex Forecast and Analysis for GBPUSD Currency

GBPUSD held precisely at the target 1 level and closed well above the open. Treasury Sec Speaks and A slew of data out from GBP.Asian Session was very quiet .The Hourly Osc are mixed so cautious approach is needed. Hourly Trend is Sideways and Daily Trend is also Sideways ,expect the price to be choppy. We prefer to be Sidelined or long near the 14360 or 14280 level.

Forex Forecast and Analysis for USDJPY Currency

USDJPY held precisely our hourly level and closed above the open .Treasury Sec Speaks. Asian session was creeping lower but it is not that convincing.The Hourly Osc are mixed with a bearish bias so the bears have to be cautious. Hourly Trend is Sideways Down and Daily Trend is Sideways, expect the price to be choppy . We prefer to be Sidelined until there is a clear break or a quick short near the 9850 level with a tight stop.

Forex Forecast and Analysis for USDCHF Currency

USDCHF held precisely at our target 1 Support and Resistance level and closed unchanged.Asian Trading was a quiet session.Treasury Sec Speaks.The Hourly Osc are mixed so cautious approach is needed.Hourly Trend is Sideways and Daily Trend is also Sideways , so expect the price to be choppy . We prefer to be Sidelined or trade only at our levels for a quick trade

Forex Forecast and Analysis for AUDUSD Currency

AUDUSD held precisely our target 2 level and closed well above the open. Asian Trading was creeping lower but was not that convincing.The Hourly Osc are mixed with a bullish bias, so cautious approach is needed. Hourly Trend is Sideways and Daily Trend is also Sideways ,expect the price to be choppy. We prefer to be Sidelined or long near 6950 level for a quick trade.

Forex Forecast and Analysis for USDCAD Currency

USDCAD held precisely at our daily level and closed below the open. BOC cut rate by 25 basis points.Treasury Sec Speaks.Asian Trading was a quiet session .The Hourly Osc are mixed with bullish bias so cautious approach is needed. Hourly Trend is Sideways and Daily Trend is Sideways Down ,expect the price to be choppy . We prefer to be Sidelined until there is a clearer signals or look to short if price moves higher to our levels. Daily Expected Range 12580 Low 1222.

Source: FxStreet

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