Forexpros.com Daily Analysis – 23/08/2011
ForexPros Daily Analysis August 23, 2011 Euro in Wedge. Pound in Longs. Yen Edging Lower Euro: On the daily, the euro is between its short at 1.4388, with a target at 1.4334 and a long at 1.4288,...
Category: Daily Forex Reports
23rd August, 2011 – Daily Forex Report by GFM Research
The Dollar traded flat amidst stable trading observed in most of the asset classes, especially in the equity markets across the World. The Dollar Index is range bound between 73.40-76.70 ranges; historic correlation between the Dollar Index...
AUD/USD Analysis (August 23)
The pair continues to be well bid s it seems to have found some good support on top of the 200 moving average and the 1,03 level.
USD/CAD Analysis (August 23)
The pair continues to consolidate (2 weeks range) after its bounce on top of 0,94 and a test of parity. We consider that a major bottom is in place.
USD/CHF Analysis (August 23)
The pair continues to consolidate after its sharp from its record low (0,7070) as market participants are now waiting for the next move from the SNB.
USD/JPY Analysis (August 23)
The pair continues to consolidate but seems to carve out a material base on top of its historical low (76,00).
GBP/USD Analysis (August 23)
We continue to hold a slight bullish bias on the pair but the outlook is not very clear considering the overall lack of volatility.
EUR/USD Analysis (August 23)
Nothing really new with the EUR/USD which continues to trade flat with market participants waiting for a major catalyst to make their decisions.
Support, Resistance and Range Forecast by AceTrader
INTRA-DAY USD/JPY: Last Update At 23 Aug 2011 02:15 GMT Range Forecast76.65 / 76.90 Resistance/SupportR: 76.93 / 77.22 / 77.30S: 76.57 / 76.25 / 75.95
NZD/USD Analysis
Greetings. Let’s pull up the NZD/USD chart. As we can see, we had a nice move down through August followed by some upward movement. We broke down from the bottom trend line and now it appears we...