Forex daily analysis: 25-10-2010
USD/CHF Daily graph: http://www.real-forex.com/charts-daily/251010/CHF_DAILY_251010.JPG
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Forexpros.com Daily Analysis – 25/10/2010
ForexPros Daily Analysis October 25, 2010 Forex Analysis For GBP/USD and GBP/JPY 1) Forex Trading Signal For GBPJPY Forex Trend Analysis The overall trend for this currency pair is DOWN for the week Forex Technical Analysis
Bernanke Speech Likely to Drive Market Direction Today
As the market’s get set for another week of heavy trading, investors are eagerly awaiting a speech from the Fed Chairman today, scheduled to occur at 12:30 GMT. Traders will want to watch out for any mention...
USDCAD Analysis – October 23, 2010
USDCAD failed to break below 0.9930 previous low and rebounded strongly from 0.9979, suggesting that a cycle bottom has been formed on daily chart. Further rally is expected in a couple of weeks and first target would...
USDCHF Analysis – October 23, 2010
USDCHF formed a cycle bottom at 0.9463 level on daily chart. Further rally is still possible next week and target would be at 1.0000 area. However, the bounce from 0.9463 is more likely consolidation of downtrend from...
USDJPY Analysis – October 23, 2010
USDJPY remains in downtrend from 94.98 and the fall extended to as low as 80.84 level. Resistance is at 82.00 followed by the falling trend line from 94.98 to 85.92, as long as the trend line resistance...
AUDUSD Analysis – October 23, 2010
AUDUSD broke below the rising price channel on daily chart, suggesting that a cycle top has been formed at 0.9998 level. Deeper decline to 0.9300 is expected in a couple of weeks.
GBPUSD Analysis – October 23, 2010
GBPUSD formed a cycle top at 1.6105 level on daily chart. Pullback to 1.5400 is expected in a couple of weeks. However, the price action from 1.5997 is more likely consolidation of uptrend from 1.4230, as long...
EURUSD Analysis – October 23, 2010
EURUSD has formed a cycle top at 1.4152 level on daily chart. The fall from 1.4152 is treated as consolidation of uptrend from 1.1876. Range trading between 1.3400 and 1.4152 would more likely be seen in a...
AUD/USD Elliott wave count and Fibonacci levels, October 22, 2010
This currency pair is moving within the flat limited by 0.9662 and 0.9889. The breakout of the flat will show the direction of the med term trend. According to wave count the long term wave 0.8772-1.0002 is...