USD/CHF Forecast February 7, 2012, Technical Analysis
USD/CHF rose for a decent portion of the Monday session, only to fall back down to form a shooting star. However, the 0.91 level is the start of a massive support zone that goes down to the...
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GBP/USD Forecast February 7, 2012, Technical Analysis
The GBP/USD pair fell for much of the session on Monday as traders initially sold off anything to do with risk, therefore pushing the value of the Dollar up in general. The cable pair has been remarkably...
USD/JPY Forecast February 7, 2012, Technical Analysis
USD/JPY rose for the session, but gave up almost all of the gains by the time the session ended on Monday. The 77 level proved as strong resistance, and this shouldn’t have been a surprise as both...
EUR/USD Forecast February 7, 2012, Technical Analysis
EUR/USD fell for most of the session on Monday as traders continue to worry about the European debt crisis. The Greeks still haven’t come to an agreement, and as such the Dollar gained.
7th February, 2012 – Daily Forex Report by GFM Research
The Dollar Index is expected to trade sideways with 78.20 acting as key support and 79.90 acting as key resistance. Dow Industrials entering supply zone of previous year highs of 12900 ranges, which may result in the...
Forex Metal Weekly Newsletter
Market review for 30.01 – 3.02, 2012
6th February, 2012 – Daily Forex Report by GFM Research
The Dollar Index is finding support the short-term support of 78.20 on the event of the key equity index of the Dow Industrials reaching supply zone of previous year highs of 12900 ranges. DXH2 may trade sideways...
USD/CAD Forecast February 6, 2012, Technical Analysis
The USD/CAD pair fell on Friday as the better than expected Non-Farm Payroll numbers had the market comfortable with taking risk. The Canadian dollar rose to the point that we have cleared the parity support area, but...
AUD/USD Forecast February 6, 2012, Technical Analysis
AUD/USD rose again for the Friday session as the Non-Farm Payroll number came in much better than anticipated. This boosts the confidence of the markets, and “riskier assets” are suddenly much more attractive as the confidence will...
USD/CHF Forecast February 6, 2012, Technical Analysis
The USD/CHF pair had a volatile day on Friday, just to end up unchanged. This pair is currently consolidating above the 0.90 to 0.91 level that has been so supportive lately.