USDCAD Analysis – May 17, 2008
USDCAD formed a sideways consolidation in a range between 0.9709 (Feb 28 low) and 1.0378 (Jan 22 high). Pullback to retest 0.9709 support is expected in the next few days. Key resistance is now located at 1.0326,...
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USDCHF Analysis – May 17, 2008
No changed in our view, USDCHF is forming a cycle top at 1.0623 on daily chart. Key support is now located at 1.0388, a break below this level will confirm the cycle top and pullback to retest...
USDJPY Analysis – May 17, 2008
USDJPY is forming a sideways consolidation in range between 102.58 and 105.70. Near term support is at the price channel and followed by 102.58. As long as 102.58 support holds, we’d expect up trend to resume and...
AUDUSD Analysis – May 17, 2008
AUDUSD breaks above 0.9541 previous high and up trend from 0.8953 resumes. Further rise to 1.0000 is now in favor. Initial support is at the up trend line and followed by 0.9275, as long as 0.9275 support...
GBPUSD Analysis – May 17, 2008
Being contained by 1.9337 (Jan 22 low) support, GBPUSD rebounded from 1.9363 level. However, the rise from 1.9363 is treated as consolidation to the down trend. Deeper decline to 1.9200 area is expected to follow after consolidation....
EURUSD Analysis – May 17, 2008
EURUSD broke above 1,5594 key resistance and formed a cycle bottom at 1.5284 on daily chart. Further rise to 1.5725 area is possible, and sideways consolidation in a range between 1.5284 and 1.6019 could be expected in...
Volatile Expected a Mixed Heavy News Day
Yesterday the greenback had a volatile trading session against its major currency rivals. It underwent contrasting trends vs. the EUR and the GBP and was bullish vs. the JPY. The main news from the US economy revolved...
Forexpros.com Daily Analysis – 15/05/08
Today’s US Dollar Trading •USD rallies ahead of News, lacks follow-through•Majors on S/R volumes low•Sovereign names seen selling USD Overnight Preview •A round of book-squaring likely Looking Ahead to ThursdayAll times EASTERN (-5 GMT)•8:30am USD Empire State Business...
Forexpros.com Daily Analysis – 14/5/08
Today’s US Dollar Trading • USD extends rally during New York• Flows described as light and disorderly Overnight Preview • Look for book-squaring• USD may have gotten ahead of itself Looking Ahead to WednesdayAll times EASTERN (-5 GMT)•...
Will the U.S. CPI Figures Support USD Recovery?
The USD strengthened throughout yesterday’s trading and as a result of mostly positive economic releases; it saw a day long bullish trend. Although the USD did lose momentum on Monday, yesterday it gained strength against most of...