EURUSD Analysis 2010-10-19


4XEagleEye© Dashboard

Date: 19 Oct 2010 07:04:30 GMT Short Term Market Outlook

Forex Automation letsfx.com

We need to see a close above (1.4007) or below (1.3820).
EURUSD is struggling in a battle between both market forces (bulls and bears) the instrument has a trading range to break.
Any four hours close above (1.4007) will open the way for a little push upward to test the resistance level at (1.4087), and a four hours close below (1.3820) will let the instrument test the next support level at (1.3775).


Summary

Direction

Moving Averages

Reversal Probability

Oscillator
1.4345
1.4254
1.4159
1.4087
1.3997
1.3844
1.3775
1.3677
1.3586
1.3546
Stochastic Oversold
19 Oct 2010 04:04:31 GMT
EURUSD Stochastic (14) main line entered hourly oversold zone. Traders should NOT consider any short term short trades.
MA Penetrated
19 Oct 2010 03:04:31 GMT
EURUSD has closed above 30 SMA. This should empower bullish short term technical outlook.
MA Penetrated
19 Oct 2010 02:04:30 GMT
EURUSD has closed below 200 SMA. This reflects supply forces victory on short term technical outlook.

Hourly Alerts


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Currency Table

Currency Last % Change
USD/EUR 1.349 0%
USD/GBP 1.582 0%
USD/AUD 0.959 0%
USD/JPY 0.012 0%
USD/CAD 0.974 0%
EUR/GBP 1.173 0%
EUR/AUD 0.711 0%
EUR/JPY 0.009 0%
EUR/CAD 0.722 0%
GBP/EUR 0.853 0%
GBP/AUD 0.606 0%
GBP/JPY 0.008 0%
GBP/CAD 0.616 0%
AUD/EUR 1.407 0%
AUD/GBP 1.65 0%
AUD/JPY 0.012 0%
AUD/CAD 1.015 0%
JPY/EUR 113.64 0%
JPY/GBP 133.26 0%
JPY/AUD 80.77 0%
JPY/CAD 82.02 0%
CAD/EUR 1.385 0%
CAD/GBP 1.625 0%
CAD/AUD 0.985 0%
CAD/JPY 0.012 0%

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