Daily Market Review for the 21.03.2011
EUR-JPY After the intervention of the G7 countries in the weakening of the JPY in the weekly graph there is a creation of a major hammer which crosses the whole range at about (900 pips)
Category:
A Storm Of Risk Events Lurk
The currency markets have reacted to the storm of events with a swift test of their ranges. The amount of important news that is affecting the broad markets cannot be over stated this morning. A simple list...
Oil Soars as UN-Authorized Strikes Rain Down on Libyan Targets
The price for a barrel of Light, Sweet Crude soared over the past several trading days, climbing above $103.75 in this morning’s early trading session. After approving limited action to quell Muammar Qaddafi’s assault on the Libyan...
21st March, 2011 – Daily Forex report by GFM Research
The U.S dollar traded mixed against the major pair, especially the Japanese Yen, where in it has gained by more than 100 pips on Friday. Volatility is expected to continue due to volatile Japanese Yen. Dollar Index...
Daily FX Market Outlook by AceTrader 21-3-2011
Market Review – 18/03/2011 20:16 GMT G7 jointly intervenes to weaken the Japanese yen The greenback rallied against the Japanese yen on Friday as Group of Seven rich nations carried out the first coordinated intervention since 2000 following...
USDCAD Analysis – March 20, 2011
USDCAD is forming a cycle top at 0.9973 level on daily chart. Key support is at 0.9667, a breakdown below this level will confirm the cycle top, then another fall towards 0.9500 could be seen. Resistance is...
USDCHF Analysis – March 20, 2011
USDCHF’s downward movement extended to as low as 0.8922. Further fall is still possible in a couple of weeks and next target would be at 0.8500 area. Resistance is at 0.9150, as long as this level holds,...
USDJPY Analysis – March 20, 2011
USDJPY broke below the symmetrical triangle pattern and reached as low as 76.40, a new all time low, suggesting that the long term downtrend from 124.16 (2007 high) has resumed. The subsequent bounce from 76.40 is treated...
AUDUSD Analysis – March 20, 2011
AUDUSD may be forming a cycle bottom at 0.9704 level on daily chart. Further rise towards 1.0255 previous high would likely be seen in a couple of weeks, a break above this level will indicate that the...
GBPUSD Analysis – March 20, 2011
GBPUSD consolidated in a range between 1.5962 and 1.6343 for several weeks, as long as 1.5962 key support holds, uptrend could be expected to resume, and another rise towards 1.7000 is still possible. However, a break above...