AUDUSD Analysis – April 30, 2011
AUDUSD’s bullish movement extended further to as high as 1.0976. Support is at 1.0750, as long as this level holds, uptrend from 0.9704 could be expected to continue and next target would be at 1.1200 area.
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GBPUSD Analysis – April 30, 2011
GBPUSD is in uptrend from 1.5936, and the rise extended to as high as 1.6745. Further rise could be expected next week and next target would be at 1.7000 area. Support is at 1.6600, as long as...
EURUSD Analysis – April 30, 2011
EURUSD stays above a trend line from 1.3428 to 1.4157, and remains in uptrend. Further rise is still possible next week, and next target would be at 1.5000 area. Support is at 1.4650, followed by the trend...
Daily Market Review for 29/04/2011 by SolidityBrokers.com
Wall Street closed in green territory Thursday, pushing the Dow average to its best finish in nearly three years after confidence in corporate results overcame weaker economic data. The Dow Jones Industrial Average closed up 72.35, or...
Bearish Pressure Growing on US Dollar
Forex traders, who had been hesitant to short the greenback due to a variety of reasons last week, found many justifications to push heavily against the greenback these past two days. The EUR/USD has now risen to...
USD/CHF Technical Analysis for April 29, 2011
The USD/CHF fell again today, but rose from the bottoms – a place that matched the all0time lows made a few days ago. The pair still looks very weak, and any rallies should be sold. The 0.8650...
GBP/USD Technical Analysis for April 29, 2011
The GBP/USD is forming a massive shooting star today, which shows massive weakness. The truth is that there is simply too much support underneath to sell with any conviction, and that the market is likely to find...
Fast Markets Turn Cautious
Thursday was a much more tranquil day of trading compared to Wednesday as the broad markets seemingly took a breather. The USD languished near lows against the EUR and GBP, but did manage to find some footing....
USD/CAD Daily Fundamental Analysis for April 29, 2011
The USD/CAD slightly dropped on Thursday despite the severe weakness of the U.S. dollar, where the U.S. dollar dropped against most majors after the Fed confirmed they will continue with the loose monetary policy, nevertheless, falling oil...
EUR/USD Daily Fundamental Analysis for April 29, 2011
The EUR/USD pair continued to hold the gains on Thursday in the aftermath of the feds pledges to keep rates low and continue the loose monetary policy in support of the recovery.