November 20, 2012

Daily Market Rhythm: Week Starting November 19 2012

eurusd daily market review

The EURUSD still have some steam to move up. It is now already reached the EMA 21 in the daily chart, altogether with SMA 200 after being supported by SMA 89 at around 1.2660. A break higher may lead the EURUSD to approach EMA 365 in the daily time-frame.

Finviz Market Heat map

The market heat-map all around the world all agree in greenie fashion. 

The EURUSD and other risky assets rally seen after the release of the better than expected US existing home sales and mostly due to news that the Eurogroup will provide a €44B aid tranche to Greece in December 5. The amount comes €12.5B higher than the figure agreed to.

EURJPY Daily Market Review
EURJPY Daily Chart
The EURJPY cross also show an upward movement, although not as enthusiast as last week amid stimulus measure of Japan's policymakers. Please be advised to closely watch the price action near the EMA 365, around 104.35.

XAUUSD Daily Chart
The uptrend of XAUUSD still intact. Expect to break the 1740 resistance for now as the market hunting the psychological level of 1750, next at 1800. The MACD shows an upward trend continuation signal.


Post a Comment

The Sources

Random Posts


Please Note: All articles published here are to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it.

No information contained on this website constitutes either an offer or a solicitation to buy or sell any financial securities.

By its nature the content of challenges you to think about trading and economic matters and their consequences. The result of your thinking could be action or inaction regarding your personal finances.

Accordingly you accept that, in reading this blog, you indemnify its author with regard to any and all claims regarding decisions you may make or cause to be made afterwards.