USDJPY’s bearish trend extended to as low as 80.38 level. Key resistance is now at 81.98, as long as this level holds, downtrend is expected to continue and further decline towards 79.75 (1995 low) is expected, only...
AUDUSD has formed a cycle top at 0.9998 level on daily chart. Pullback towards the lower border of the channel would more likely be seen next week.
GBPUSD’s fall from 1.6105 extended to 1.5649 only. The subsequent bounce from 1.5649 is more likely resumption of uptrend from 1.5296, another rise towards 1.6400-1.6500 is expected next week, however a break above 1.6105 is needed to...
EURUSD stays in a trading range between 1.3698 and 1.4152. Lengthier sideways movement in the range could be seen next week, and the price action in the range is more likely consolidation of uptrend.
AUD/USD is developing wave C of the midterm downtrend – colored magenta in the chart. Within this wave there’s corrective wave B that is developing. Its targets are Fibonacci retracements of 0.9973-0.9651.
Greenback switched to the negative dynamics. Asian and European trading sessions: Euro: The demand for the risky assets grew on Thursday, and the euro stabilized. The EUR/USD pair showed maximums at the level of $1,3865.
AUD/USD: The bearish trend started in the beginning of the week has been corrected by exactly 50% during the 28-10-2010 session. NZD/USD: During this trading week, the pair didn’t stop to navigate between the resistance 0.7564 and...
A solid day of range trading took place within the broad market place. The currencies essentially saw the USD trade strong early on and then tend to give back a bit of ground as the day progressed.
The US Advance GDP is the primary publication today that is set to determine the level of the dollar when the report is released at 12:30 GMT. The other main releases that are set to dominate forex...
Market Review – 28/10/2010 22:49 GMTDollar drops broadly on Fed easing speculationThe greenback weakened against major currencies on Thursday as investors speculated U.S. Fed would devaluate the greenback by further monetary easing.
