USDJPY Analysis – December 11, 2010
USDJPY is facing 84.40 resistance, a break above this level will suggest that the upward move from 80.30 has resumed, then further rally could be seen to 87.00 or even higher. Support is at 82.34, below this...
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AUDUSD Analysis – December 11, 2010
AUDUSD formed a cycle bottom at 0.9537 level on daily chart. The bounce from 0.9537 is likely resumption of uptrend from 0.8066, further rise towards 1.0182 key resistance is expected, a break above this level will target...
GBPUSD Analysis – December 11, 2010
GBPUSD has formed a cycle bottom at 1.5484 level on daily chart. However, the bounce from 1.5484 is treated as consolidation of downtrend from 1.6298, another fall to test 1.5296 key support is still possible after consolidation....
EURUSD Analysis – December 11, 2010
EURUSD is forming a cycle bottom at 1.2969 level on 4-hour chart, consolidation of downtrend is expected to continue and range trading between 1.2969 and 1.3600 would likely be seen in a couple of weeks.
GBP/JPY Elliott wave count and Fibonacci levels, December 10, 2010
GBP/JPY is now developing corrective wave 4 of the medium term uptrend – colored red in the chart. The targets of wave 4 are Fibonacci retracements of 129.43-132.99, 129.51-132.99 and expansions off 132.99-132.38-132.90.
Waiting for Saturday
Elapsing, Friday emerged to be less volatile day on the forex market. This is mostly caused by traders’ wait for forthcoming on Saturday, highly significant data releases from China.
EUR Falls on European Debt Crisis
The euro traded near its lowest mark in more than a week against the dollar as concerns over Europe’s debt crisis still linger and dampened demand for the region’s assets. The 16-nation currency also headed for a...
Forex-Metal Daily Analysis – 10/12/2010
The greenback continues its rally. Asian and European trading sessions: Euro: On Thursday the euro strengthened temporarily, and the EUR/USD reached its maximum at the $1,3322 level. Minimums were reached at the level of $1.3190. The euro...
A Delicate Balancing Act
Thursday’s trading continued to mirror the fact that most investors remain quite cautious within the broad markets. The currencies largely turned in a day of consolidated trading, global bourses hovered around known values, and commodities were lackluster....
EUR/JPY Outlook
Greetings. The EUR/JPY has been making slow and steady moves to the upside and this upward action may potentially continue as may also be forming an Ending Diagonal (ED). If this ED pans out, look for a...