by donnaforex on 27 Jan 2009 20:10
27th- 28th January 2009
EURGBP
The overall trend for the day is down, following a large drop in price at 14.30 GMT. Currently in a nice 25 pip range, good for
fapturbo trading.
Recommendation: normal trading
EURCHF
Plenty of movement throughout today to the upside, but as the day has gone on we have ended up back where we started- market remains undecided on its next direction. Currently in a 40 pip range.
Recommendation: conservative trading
GBPCHF
Price moved upwards earlier today, before hitting and retreating from a line of major resistance twice (at 1.6160). Currently showing signs of settling into a 40 pip range, but only over the past hour, volatile daily movements are still a little too close for comfort.
Recommendation: conservative trading or avoid trading
USDCAD
Showing no clear direction today, much indecision in the market around this pair. Currently in a 37 pip range, a tiny bit high, but charts are fairly well set up for tonight.
Recommendation: conservative trading