ASIAN SESSION
A) CALENDAR
-No Press Releases
B) SUPPORT-RESISTANCE
EURO/USD USD/JPY GBP/USD
R3 1.4360 115.35 2.0595
R2 1.4325 115.15 2.0550
R1 1.4305 114.90 2.0525
S1 1.4285 114.15 2.0480
S2 1.4250 114.00 2.0455
S3 1.4235 113.70 2.0435
C) WATCH
-Interest Rates
D) TRADING TIPS
Long term charts are not meant for trading purposes. A distinction has to be made between market analysis for forecasting purposes and the timing of market commitments. Long term charts are useful in the analytical process to help determine the major trend and price objectives. They are not suitable, however, for the timing of entry and exit points and should not be used for that purpose. For that more sensitive task, daily and intraday charts should be utilized.
EUROPEAN SESSION
A) CALENDAR
-No Press Releases
B) SUPPORT-RESISTANCE
EURO/USD USD/JPY GBP/USD
R3 1.4360 115.15 2.0595
R2 1.4345 114.90 2.0550
R1 1.4325 114.55 2.0535
S1 1.4285 113.65 2.0480
S2 1.4250 113.30 2.0455
S3 1.4235 112.90 2.0435
C) WATCH
-Interest Rates
D) TRADING TIPS
Long term charts are not meant for trading purposes. A distinction has to be made between market analysis for forecasting purposes and the timing of market commitments. Long term charts are useful in the analytical process to help determine the major trend and price objectives. They are not suitable, however, for the timing of entry and exit points and should not be used for that purpose. For that more sensitive task, daily and intraday charts should be utilized.
US SESSION
A) CALENDAR
-GMT 11:30 USA Fed’s Kroszner Speaks to Bankers in Washington
-GMT 18:45 EU ECB’s Trichet Speaks in New York
B) SUPPORT-RESISTANCE
EURO/USD USD/JPY GBP/USD
R3 1.4360 114.90 2.0550
R2 1.4335 114.55 2.0515
R1 1.4300 114.15 2.0480
S1 1.4265 113.55 2.0410
S2 1.4250 113.30 2.0370
S3 1.4220 112.90 2.0340
C) WATCH
-Interest Rates
-GMT 11:30 USA Fed’s Kroszner Speaks to Bankers in Washington
-GMT 18:45 EU ECB’s Trichet Speaks in New York
D) TRADING TIPS
Long term charts are not meant for trading purposes. A distinction has to be made between market analysis for forecasting purposes and the timing of market commitments. Long term charts are useful in the analytical process to help determine the major trend and price objectives. They are not suitable, however, for the timing of entry and exit points and should not be used for that purpose. For that more sensitive task, daily and intraday charts should be utilized.