USDCAD Analysis – October 15, 2011
USDCAD’s fall from 1.0656 extended to as low as 1.0093, suggesting that the uptrend from 0.9406 had completed. Further fall could be seen after consolidation, and next target would be at 0.9900 zone.
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USDCHF Analysis – October 15, 2011
USDCHF is forming a cycle top at 0.9314 on daily chart, key support is at the uptrend line, a clear break below the trend line will confirm the cycle top, then deeper decline to 0.8500 could be...
USDJPY Analysis – October 15, 2011
USDJPY stays in a trading range between 75.96 and 77.85 for several weeks. As long as 77.85 resistance holds, the price action in the range is treated as consolidation of downtrend from 85.51, and another fall towards...
AUDUSD Analysis – October 15, 2011
AUDUSD broke above 0.9984 resistance, suggesting that a cycle bottom had been formed on daily chart, and the fall from 1.0764 had completed. Further rise could be seen after consolidation, and next target would be at 1.0700...
GBPUSD Analysis – October 15, 2011
GBPUSD broke above 1.5715 resistance, suggesting that a cycle bottom has been formed on daily chart, and the fall from 1.6617 has completed. Further rise is expected after consolidation and next target would be at 1.6100 zone....
EURUSD Analysis – October 15, 2011
EURUSD broke above the downtrend line on daily chart, and reached as high as 1.3894, suggesting that the fall from 1.4548 had completed at 1.3146 already. Further rise is still possible after consolidation, and next target would...
Forex-Metal Daily Analysis – 14/10/2011
The US Dollar and the Yen strengthened against major currencies amid growing demand for safe-haven assets. Asian and European trading sessions: Euro: After the yesterday’s rapid growth associated with the fact that Slovak political parties agreed to...
US Data Set to Dominate Friday’s Market
With an unusually intense news day ahead, traders are anxiously awaiting the large string of reports out of the US which should clear up the picture somewhat in regards to inflation, retail sales, and consumer confidence.
14th October, 2011 – Daily Forex Report by GFM Research
The Dollar Index flat amidst flat trading session witnessed in most of the asset classes especially the benchmark equity index of DJIA; the short-term trend is still weak till the Dollar Index does not close above 78.50...
AUD/USD Technical Analysis October 13, 2011
AUD/USD rose on Wednesday as traders took on more risk due to hopes of a solution to the EU’s debt crisis. However, the pair has stopped as the first significant resistance area above the parity level.