Forex Metrics Currency Index Analysis – week of July 25 -2010 by forexmetrics.com

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Forex Metrics Currency Index Analysis -  week of July 25 -2010 by forexmetrics.com

Continuous Moving Average of Forex Metrics Currency Index current = 1.0524
Forex Metrics Currency Index, current = 0.9310
Continues moving average is higher than FMCI by  -11.5309%

Continous moving average is moving downwards and shrinking  F.M.C. Index is marginally down from last week, indicates not much change in economic outlook.

As per our Forex Metrics Currency Index Analysis global economices never recovered from recession and there is no question of another recession. Currently we are in a RECOVERY PERIOD  economies are expected to stay on track for recovery

Forex Metrics Currency Index represents global single currency Index and reflect economies strenght or weakness in realistical. Currency rates represents economic senario as a whole.

USD:  Last week global economic data was in line with expectations as

USD will remain relatively weak compared to its paired currencies, but volatility expected to be range bound.

EURO  recovered may continue to recover against USD.
EURO is expected to be positive against Pound and USD 
Trend:  Uptrend                     
Signal: BUY
EUR/USD: Resistance at 1.3340  and Support at 1.2720

CABLE is expected to be range bound agaianst USD,.
Cable expected to recover with positive outlook as interest rate bias is UP
Trend:  Uptrend  
Signal: BUY
GBP/USD: Resistance at 1.5490  and Support at 1.4880
YEN – Remains positive basket in our index.
Yen is expected to be stable and positive against USD.
Government verbal intervention stablilized Yen as current strenght threatens recovery cycle.
Trend:  Neutral
Signal: Weak Buy
USD/JPY : Resistance at 91.00  and Support at 86.40

Canadian Dollar: gains against USD as Interest rate was raised by quater point.
USD/CAD  is currently directionless as pair may get range bound.
If support is broken expect parity.
Trend:  Neutral
Signal: No Trade
USD/CAD: Resistance at 1.0750  and Support at 1.0260   

Check out our Forex Metrics Currency Index  updated daily.

For long term forex trading strategy check out Tradevestment

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