Daily Market Review for the 18.04.2011
NZD/USD Time: 07:30 Rate: 0.7945 Strategy: short Considerations: Weekly time frame: Wolf deviation in the indicators – potential for short in a shorter time range.
Category:
Euro Zone Struggling Once More with Debt
Though the USD is gaining ground on the euro, the blame lies not on US strength but in euro zone weakness. The EUR failed to break above key resistance levels and promptly dropped as a result, pushing...
Gold Shining Brightly
The USD gained on the EUR on Friday with the Greenback practicing a slightly better stance. The USD has seen sustained pressure, but managed to find some backing as rumors continued to swirl regarding the European Sovereign...
Daily FX Market Outlook by AceTrader 18-4-2011
Market Review – 15/04/2011 19:57 GMT Euro falls on renewed fears over European periphery debt defaults Euro fell against the dollar and the Japanese yen on Friday as fears over European periphery debt defaults increased after Moody’s cut...
USDCAD Analysis – April 16, 2011
USDCAD remains in downtrend from 0.9973, the bounce from 0.9526 is treated as minor consolidation of downtrend. Deeper decline could be seen in a couple of weeks, and next target would be at 0.9400 zone. Resistance is...
USDCHF Analysis – April 16, 2011
USDCHF broke below 0.8922 previous low support, suggesting that the downtrend from 1.1730 (Jun 1, 2010 high) has resumed. Deeper decline could be seen in a couple of weeks, and next target would be at 0.8700 zone.
USDJPY Analysis – April 16, 2011
USDJPY had formed a cycle top at 85.51 level on daily chart. Pullback to 80.00 area would likely be seen in a couple of weeks. Key resistance is now at 85.51, only break above this level could...
AUDUSD Analysis – April 16, 2011
AUDUSD remains in uptrend from 0.9704. The price action from 1.0581 is likely minor consolidation of uptrend. Support is at 1.0380, followed by 1.0280, as long as these levels hold, we’d expect uptrend to resume, and another...
GBPUSD Analysis – April 16, 2011
After breaking above 1.6400 resistance, GBPUSD’s rise from 1.5936 is treated as resumption of uptrend from 1.5344. Further rise is still possible in a couple of weeks, and next target would be at 1.6600 zone. Support is...
EURUSD Analysis – April 16, 2011
EURUSD remains in uptrend from 1.2874, and the rise extended to as high as 1.4519. Further rise could be seen in a couple of weeks, and next target would be at 1.4700-1.4800 area. Support is at 1.4300,...