USDCAD Analysis – December 19, 2009
USDCAD is testing key resistance of 1.0748, a break above this level will indicate that a cycle bottom has been formed at 1.0405 level on daily chart, then a sharp move towards 1.1000 could be seen to...
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USDCHF Analysis – December 19, 2009
USDCHF’s bounce from 0.9917 extended to as high as 1.0507 level. Further rally is still possible next week and next target would be at 1.0600 area. Support level is now located at 1.0300, below this level will...
USDJPY Analysis – December 19, 2009
USDJPY broke above the falling price channel on daily chart, suggesting another rally towards 92.32 key resistance, a break above this level will confirm that the long term downtrend from 101.43 has completed at 84.82 already.
AUDUSD Analysis – December 19, 2009
AUDUSD broke below 0.8916 key support, suggesting that the uptrend from 0.7703 has completed at 0.9404 already. Deeper decline is now in favor and next target would be at 0.8650-0.8700 area. Resistance is at 0.9150, as long...
GBPUSD Analysis – December 19, 2009
GBPUSD runs in a falling price channel on daily chart and remains in downtrend from 1.6875. As long as the channel resistance holds, we’d expect downtrend to continue and further decline towards 1.5900-1.6000 area is possible.
EURUSD Analysis – December 19, 2009
EURUSD continues its bearish movement and drops sharply to as low as 1.4261 level. Deeper decline is still in favor next week and next target would be at 1.4100 area. Resistance levels are at 1.4450 and 1.4550,...
USD/JPY 90.09 – 18 December 2009
USD/JPY Open 89.70 High 90.37 Low 88.98 Close 89.95Dollar/Yen did not made significant movement on Thursday, trading within the narrow 88.98 – 90.37 range. On the 3 hour chart, however, the fact that quotes are able to...
GBP/USD 1.6247 – 18 December 2009
GBP/USD Open 1.6160 High 1.6332 Low 1.6089 Close 1.6153Pound/Dollar made a decreasing movement down to the 1.6089 bottom on Thursday, as expected, which appeared to be good support and the Cable corrected upwards, closing the day at...
Daily Forex Analysis by Finexo.com 18/12/2009
EUR The Euro fell to largest one-day slide it has seen since early July against the Dollar, and was battered just the same versus other majors on Thursday. The fall happened on recent worries about public finances...
Bullish Run of the Dollar Continues for the Third Day
The dollar rallied yesterday around renewed sovereign debt fears in Greece and traders taking a hard look at when the Fed will begin to tighten U.S. monetary policy. A glut of European data releases will be driving...