USDCAD Analysis – May 14, 2011
USDCAD had formed a cycle bottom at 0.9444 on daily chart. Further rise towards the downtrend line from 1.0285 to 0.9973 is expected next week, a clear break above the trend line resistance will indicate that the...
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USDCHF Analysis – May 14, 2011
USDCHF had formed a cycle bottom at 0.8553 on daily chart. Further rally is still possible next week, and next target would be at 0.9000-0.9100 area. However, the bounce from 0.8553 is likely consolidation of long term...
USDJPY Analysis – May 14, 2011
USDJPY broke above the downtrend line on daily chart, suggesting that a cycle bottom is being formed at 79.58. Further rally is expected in a couple of weeks, and target would be at 83.00 area. Support is...
AUDUSD Analysis – May 14, 2011
AUDUSD is now in downtrend from 1.1011, and the fall extended to as low as 1.0520. deeper decline is expected next week, and next target would be at 1.0200-1.0300 area. Resistance is at 1.0720, as long as...
GBPUSD Analysis – May 14, 2011
GBPUSD broke below the uptrend line on daily chart, suggesting that lengthier consolidation of uptrend from 1.5344 is underway. Deeper decline is still possible next week, and next target would be at 1.6000 area. Resistance is at...
EURUSD Analysis – May 14, 2011
EURUSD’s fall from 1.4939 extended to as low as 1.4067. The pair is now in downtrend. Deeper decline could be expected next week, and next target would be at 1.3800. Resistance is at 1.4350, only break above...
Forex-Metal Daily Analysis -13/05/2011
Drop of the euro and the pound.
Daily Market Review for 13/05/2011 by SolidityBrokers.com
Wall Street closed in green territory. American shares rose along with commodities Thursday as the dollar fell against the euro, continuing what one analyst said is Wall Street’s call for continued stimulus from the Federal Reserve. It...
USD/CAD Analysis
Greetings. Let’s take a look at the USD/CAD hourly chart. It seems like the low from late April/early May is holding up and we’re currently looking at a 3 wave correction.
13th May, 2011 – Daily Forex Report by GFM Research
With most of the asset classes especially equity bourses and commodities, finding stability in the lower ranges, the Dollar Index expected to find resistance at 76.10; only weekly close beyond 76.20 ranges would give confirmation of short-term...