AUDUSD remains in uptrend from 0.8066 and the fall from 0.9221 is more likely consolidation of uptrend. Deeper decline to 0.8700 area to reach next cycle bottom on daily chart is expected next week. Key resistance is...
GBPUSD broke below the uptrend line on daily chart, suggesting that lengthier consolidation of uptrend from 1.4230 is underway. Deeper decline is still possible next week and target would be at 1.5300-1.5400 area. Resistance is at 1.5715,...
EURUSD broke below 1.2732 support level and the fall from 1.3333 extended to as low as 1.2663. Deeper decline is still possible and the target for next week would be at 1.2500 area. Resistance is at 1.2930,...
Rather disappointing data from the USA did not influence the market attitude to the US dollar. On the contrary, an attempt of the euro growth during the Asian and European sessions was compensated by further rate decline...
After the downside correction stopped at 38.2% Fibonacci correction which started following the breach of the medium term’s ascending channel. The index rushed in an attempt to return to the bullishness yet was restricted by the 100...
The USD turned in a fairly stable day taking into consideration that Wall Street tumbled on bad data. The day was highlighted by a bad Philly Fed Manufacturing Index outcome of minus -7.7 compared to the forecasted...
EURUSDThe pair ascended quickly towards 1.2900 but managed to built its base once again in front of the pair’s attempts to move to the upside due to support from SMA 50, where it reversed to the downside to...
The Dollar advanced against most of its major counterparts Thursday as unexpectedly weak U.S. employment and manufacturing data weighed on stocks and other riskier assets, prompting investors to seek the relative safety of the greenback and Japanese...
ForexPros Daily Analysis August 19, 2010 Fundamental Analysis: Core CPI The Core Consumer Price Index (CPI) measures the changes in the price ofgoods and services excluding food and energy. The CPI measures price changefrom the perspective of...
After breaching the support for the support rising wedge shown below, the index rose slightly to retest the breach but was faced by the 100 MA which is strong resistance over short term basis, confirming the breach...
