AUDUSD Analysis – Jun 4, 2008
AUDUSD is in correction to up trend. Further pullback to test the up trend line from 0.8953 to 0.9291 is possible in a couple of days. As long as the trend line support holds, we’d expect up...
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GBPUSD Analysis – Jun 4, 2008
GBPUSD is in correction to the up trend. Deeper decline to 1.9500 area is still possible in a couple of days. As long as 1.9363 support holds, we’d expect up trend to resume, and a break of...
EURUSD Analysis – Jun 4, 2008
EURUSD is in down trend, and the fall from 1.5818 extends to as low as 1.5410. Deeper decline could be seen to test 1.5284 previous low support in a couple of days, and break below this level...
Forexpros.com Daily Analysis – 03/06/08
Today’s US Dollar Trading • USD mixed, US data no help• Stops drive a lot of early trade• S/R broken but the majors bounce back Overnight Preview • USD likely to trade two-way• Consolidation ahead of the news...
Forexpros.com Daily Analysis – 02/06/08
Overnight Asia/Europe • USD mixed, volumes modest• UK news disappoints Cable• Technical trade overnight Today’s Economic ReportsAll times EASTERN (-5 GMT)• 10:00am USD ISM Manufacturing Index• 10:00am USD ISM Manufacturing Prices• 10:00am USD Construction Spending m/m Looking Ahead...
USDCAD Analysis – May 31, 2008
No changed in our view, USDCAD is forming a sideways consolidation in a range between 0.9709 (Feb 28 low) and 1.0378 (Jan 22 high). Initial bias is on down side and deeper decline is expected to retest...
USDCHF Analysis – May 31, 2008
USDCHF rebounded from 1.0214 and reached as high as 1.0526. As long as 1.0623 resistance holds, we’d expect down trend to resume and pullback to test 0.9870 support is still possible. Initial support is located at 1.0214,...
USDJPY Analysis – May 31, 2008
As expected, USDJPY broke above 105.70 previous high resistance. Further rise to 106.60 area to reach the next cycle top on daily chart is expected next week, and the next cycle top is nearing. Near term support...
AUDUSD Analysis – May 31, 2008
No changed in our view, AUDUSD is in up trend. Pullback from 0.9653 is treated as consolidation to the up trend. Further rally to 1.0000 area is expected after consolidation and a break of 0.9653 level will...
GBPUSD Analysis – May 31, 2008
GBPUSD is in up trend. Pullback from 1.9852 is treated as consolidation to the up trend. Further rise to test 2.0029 resistance is still possible after consolidation. Near term support is at 1.9672, fall below this level...