Forex strategies revealed | FSR Forum

The London Open Intra Day Analysis 12.11.2014



EURUSD



Time frame: 1 hour
Trend: Up
Outlook: EURUSD is trading higher and away from the positively layered moving averages
Probable scenario: Long above 1.2474
Alternate scenario: Short beneath 1.2453
Intraday levels: Open: 1.2473, R1 1.2530, R2 1.2592, S1 1.2389, S2 1.2369


GBPUSD



Time frame: 1 hour
Trend: Up
Outlook: GBPUSD is trading higher and away from the positively layered moving averages
Probable scenario: Long above 1.5924
Alternate scenario: Short beneath 1.5903
Intraday levels: Open: 1.5818, R1 1.5987, R2 1.6066, S1 1.5811, S2 1.5732



USDJPY



Time frame: 1 hour
Trend: Up
Outlook: USDJPY is trading back down to the positively layered moving averages
Probable scenario: Long above 115.88
Alternate scenario: Short beneath 115.24
Intraday levels: Open: 115.78, R1 116.21, R2 116.79, S1 114.74, S2 114.16


USDCHF



Time frame: 1 hour
Trend: Down
Outlook: USDCHF is trading lower and away from the negatively layered moving averages
Probable scenario: Short beneath 0.9646
Alternate scenario: Long above 0.9655
Intraday levels: Open: 0.9644, R1 0.9710, R2 0.9760, S1 0.9601, S2 0.9553