Blog Rasmi Bagi IB UMOFX.COM YM|Skype:waktong.umofx|019~2433018|Partner CODE:103029

UMOfx Introducer Broker (IB)

Posted by waktong.umofx Monday, November 4, 2013 8:00 PM


Account Type

Posted by waktong.umofx 4:00 PM



Posted by waktong.umofx 3:16 AM


18/11/2013 (Barcelona) - Quek Ser Leang, Technical Analyst at UOB, is expecting GBP/USD to face immediate upside pressure but any up-move will likely face strong resistance at 1.6200 ahead of the key 1.6260 level.
EUR/USD levels to watch

The pair is now losing 0.04% at 1.3516 and a breakdown of 1.3465 (50% of 1.3105-1.3826) would target 1.3442 (low Nov.4) en route to 1.3421 (38.2% of 1.2755-1.3833). On the upside, the initial hurdle lines up at 1.3548 (high Nov.6) followed by 1.3589 (high Nov.1) and finally 1.3591 (38,2% 1.3833-1.3442).

GBP/USD traders looking to data from both Britain and the US Wednesday

Traders in the GBP/USD arena will be reacting to British Production data, US Challenger Job Cuts data and the Conference Board’s Index of Leading Economic Indicators for the US.

Technical outlook for GBP/USD

Technicians say that GBP/USD has its resistance range for this move just above current levels at 1.6094 to 1.6109. On the anticipated pullback, support should come in at the range of 1.6019 to 1.6062


GBPUSD has crossed back above the 1.60 mark and the next key resistance levels to watch include 1.6070 – the high from 31st Oct, then 1.6100 – a psychological level. We believe that GBPUSD could drift higher into next week’s Inflation Report, as the market expects upward revisions to the UK’s growth and employment forecasts. GBP actually looks favourably positioned against some of the major G10 economies including the Scandi’s, Australia and the Eurozone.

EUR/USD keeps returning to 1.3500

The EUR/USD has managed to recover some ground and trimmed intraday losses after falling to daily lows sub-1.3500 a tad during the European session.

04/11/2013 (Córdoba) - The EUR/USD continued to trade above 1.3500 after a gauge of Eurozone investor sentiment came in higher than expected.

EUR/USD levels to watch

At time of writing, EUR/USD is trading at the 1.3505 zone, recording a 0.2% gain Monday, having scored a high of 1.3513 after bouncing from a 7-week low of 1.3442. As for technical levels, immediate resistance levels could be found at 1.3513 (daily high) and 1.3589 (Nov 1 high) ahead of 1.3600 (psychological level). On the other hand, supports are seen at 1.3442 (daily low) and 1.3400 (psychological level).