USDCAD Analysis – January 9, 2010
USDCAD is in downtrend from 1.0745. Further fall is still possible next week and target is to test 1.0206 previous low support. Fall below this level to reach next cycle bottom on daily chart would more likely...
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USDCHF Analysis – January 9, 2010
USDCHF formed a a cycle top at 1.0507 level on daily chart and the subsequent pullback is treated as consolidation of uptrend from 0.9917. Rang trading between 1.0100 and 1.0507 is expected in a couple of weeks....
USDJPY Analysis – January 9, 2010
USDJPY remains in uptrend from 84.82. As long as 91.25 support holds, uptrend could be expected to continue and next target would be at 95.00-96.00 area. Only fall below 91.25 level will indicate that lengthier consolidation of...
AUDUSD Analysis – January 9, 2010
AUDUSD broke above the upper border of the falling price channel on daily chart, suggesting that a cycle bottom has been formed at 0.8734 level and the fall from 0.9404 has completed. Further rally to re-test 0.9404...
GBPUSD Analysis – January 9, 2010
GBPUSD stays in a falling price channel on daily chart and remains in downtrend from 1.6875. Deeper decline to test 1.5708 is still possible next week. Resistance is located at the upper border of the falling price...
EURUSD Analysis – January 9, 2010
EURUSD broke above 1.4457 key resistance, suggesting that a cycle bottom has been formed on daily chart and the fall from 1.5144 has completed. Bounce to 1.4600 area to reach next cycle top is expected next week....
GBP/USD 1.5974 – 8 January 2010
GBP/USD Open 1.5934 High 1.6065 Low 1.5898 Close 1.5930Pound/Dollar made a decreasing movement on Thursday, from the 1.6065 top to the 1.5897 bottom, closing the day at 1.5930. Of the 3 hour chart the Cable is has...
Non-Farm Employment Change to Invigorate Today’s Market
On tap today is the ever-important US Non-Farm Employment Change (NFP) report due at 13:30 GMT. This is one of the most important economic events on the calendar and is always released on the first Friday of...
EUR/USD 1.4313 – 8 January 2010
EUR/USD Open 1.4318 High 1.4443 Low 1.4290 Close 1.4310Euro/Dollar attempted to increase on Thursday, sliding over the 1.4443 top, where bulls ran out of strength, and quotes tumbled down to the 1.4302 bottom, closing the day at...
Stop Placement with Average True Range (ATR)
When working with new traders in the DailyFX Trading Course, we try to impress upon them the importance of using a protective stop in every trade.