USDCHF Analysis – February 26, 2011
USDCHF broke below 0.9300 previous low support, suggesting that the long term downtrend from 1.1730 had resumed. Deeper decline could be seen in a couple of weeks and next target would be at 0.9000 area.
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USDJPY Analysis – February 26, 2011
USDJPY had formed a cycle top at 83.96 level on daily chart. Deeper decline to test 80.30 key support is expected next week, a breakdown below this level will indicate that the long term downtrend from 94.98...
AUDUSD Analysis – February 26, 2011
AUDUSD moved sideways in a narrow range between 0.9943 and 1.0199 for several days. Resistance is at 1.0199, a break above this level will indicate that the uptrend from 0.8066 has resumed, then next target would be...
GBPUSD Analysis – February 26, 2011
Being contained by 1.6298 resistance, GBPUSD moved sideways in a range between 1.5962 and 1.6277 for several days. As long as 1.5962 support holds, uptrend from 1.5344 could be expected to resume and further rise to 1.5700...
EURUSD Analysis – February 26, 2011
EURUSD is facing 1.3861 resistance, a break above this level will indicate that a cycle bottom has been formed at 1.3428 level on daily chart, and the uptrend from 1.2874 has resumed, then further rise to 1.4100-1.4200...
Political Turmoil in Libya Boosts Crude Prices To Over $100 a Barrel
The yen was about 0.4% from its strongest level in three weeks against the dollar and the Swiss franc climbed to a record as an uprising in Libya sent oil prices to a 29-month high, boosting demand...
25th February 2011 – FX Daily Report by GFM Research
Dollar is expected to continue to trade in weaker territory, especially against the Euro and Cable, though it’s trading neutral against the Aussie Dollar. During past three days, despite sell of in Dow Jones Industrials, historic correlation...
USD/CAD Outlook
Greetings. Let’s pull up the USD/CAD hourly chart. As you can see, we’re in a downward channel. We are at one of the last support lines and if we can break through and break away, then look...
Daily FX Market Outlook by AceTrader 25-2-2011
Market Review – 24/02/2011 20:06 GMT Euro rises to 3-week high on more hawkish comments fm ECB official Euro extended recent upmove fm last week’s low of 1.3428 to a fresh three-week high of 1.3822 on Thursday...
Forex-Metal Daily Analysis -24/02/2011
Bank of England minutes bring pound to maximums. Asian and European trading session: Euro: 2-year maximums of the oil prices level supported the growing euro rate, since the possibility that the ECB would reinforce its monetary policies...