InstaForex

News Delivered To You: Daily Technical Analysis

Tuesday, May 8, 2012

This e-mail contains graphics. If you do not see graphics, please follow this link.

DailyFX Open a Free Practice Account Open an FXCM Live Trading Account
 

DailyFX Delivered To You: Daily Technical Analysis Article

Thank you for signing up for DailyFX research.

Please see below for today's Technical Analysis:

  • NZDUSD Tests December Resistance as Support
    Given the potential for an extended decline in everything (crude, copper, equities), I favor trading the AUDUSD and NZDUSD. There will be sharp short covering rallies along the way (NZDUSD at support now) thus aggressive traders may wish to trade from both the long and short side. The NZDUSD in particular is at support now. Levels are noted.
  • Currency Rallies Viewed As Corrective; Fresh US Dollar Upside Ahead
    Any rallies in risk correlated assets over the coming sessions should be aggressively sold given the ongoing uncertainty flowing through the market…

Reminder, you will receive daily e-mails with the latest DailyFX Technical Analysis Article.

Visit the DailyFX forum to ask our DailyFX analysts questions, share your thoughts on this article, or talk with other traders.

Want more news? Sign up for additional newsletters.

Have questions or comments about this article? You can contact our research team at research@dailyfx.com

Best regards,

DailyFX
Financial Square
32 Old Slip, 10th Floor
New York, NY 10005
Tel(212) 897-7660
Fax(212) 897-7669
research@dailyfx.com

 
DailyFX Facebook Twitter RSS
 

Forex Capital Markets, LLC,55 Water St., 50th Floor, New York, NY 10041

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Any opinions, news, research, analyses, prices, or other information contained on DailyFX Web site is provided as general market commentary, and does not constitute investment advice. DailyFX will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

Click Here to Unsubscribe | View E-mail in a Separate Page

0 comments: