A Test Of Ranges Today
The week will start on a quiet note because of the Labor Day holiday in the States. Before going into the weekend mixed data surrounded investors once again and gave both bulls and bears more reasons to...
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Daily FX Market Review-6-9-2010
Market Review – 03/09/2010 21:50 GMTDollar falls broadly as better-than-expected U.S. jobs data boosts risk appetite The greenback dropped against most major currencies on Friday as better-than-expected U.S. non-farm payrolls eased recent worries on U.S. economic recovery...
USDCAD Analysis – September 5, 2010
USDCAD is facing the support of the rising trend line from 1.0107 to 1.0247, a clear break below the trend line support will indicate that a cycle top has been formed at 1.0672 on daily chart, and...
USDCHF Analysis – September 5, 2010
USDCHF remains in downtrend from 1.1730 and the bounce from 1.0064 is treated as consolidation of downtrend. Resistance is at 1.0300, as long as this level holds, downtrend is expected to continue and next target would be...
USDJPY Analysis – September 5, 2010
USDJPY is forming a cycle bottom at 83.62 level on daily chart. Range trading between 83.62 and 85.90 would more likely be seen in next several days. As long as 85.90 resistance holds, downtrend from 92.88 is...
AUDUSD Analysis – September 5, 2010
AUDUSD has formed a cycle bottom at 0.8771 level on daily chart. Now the bounce from 0.8771 could possibly be resumption of uptrend from 0.8066. Further rise towards 0.9849 (2008 high) would more likely be seen, however,...
GBPUSD Analysis – September 5, 2010
GBPUSD remains in downtrend from 1.5997 and the fall extended to as low as 1.5326. Resistance is at 1.5597, as long as this level holds, downward move is expected to continue and next target would be at...
EURUSD Analysis – September 5, 2010
EURUSD is facing 1.2921 resistance, a break above this level will indicate that a cycle bottom has been formed at 1.2587 already, and the fall from 1.3333 has completed, then range trading between 1.2587 and 1.3333 could...
Crude Oil Morning Report 03/ September /2010
Oil extended its rise yesterday noting that trading stabilized below the subsidiary channel’s support levels that were previously breached and shifted to resistance, at 75.20. Overbought signs are appearing on the momentum indicators which adds to the...
Major Currencies’ Morning Report 03/ September /2010
EURUSDThe pair’s trading between the retested levels at 1.2770 and 61.8% Fibonacci levels at 1.2830 and it found difficulty in breaching due to the negative sings appearing on the four-hour chart momentum indicator.