ForexPros.com Daily Analysis — 11 June 2009
EUR/USD The EUR rose in early trading and is currently testing the 1.4050 resistance level, which is a former support level.
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Crude Oil Prices Surprise with Bullishness as USD Weakens
Many analysts yesterday had anticipated a slight decline in the price of Crude Oil considering the recent strength in the USD brought on by last week’s employment data. However, oil prices surprised many traders today as the...
ForexPros.com Daily Analysis — 9 June 2009
EUR/USD Range Break Pending The pair is nestled in a congestion area of old support and resistance levels. The range is currently 1.4050-1.4100. Based on average daily movements we can expect at least 90-100+ pips of movement...
USDCAD Analysis – June 10, 2009
Being contained by the resistance of the falling trend line from 1.2504 to 1.1813, USDCAD drops from 1.1289 level, suggesting that a cycle top is being formed on daily chart. Further fall is expected to re-test 1.0784...
USDCHF Analysis – June 10, 2009
USDCHF is forming a cycle top at 1.0986 level on daily chart. Key support is now located at 1.0590, a break down below this level is needed to confirm the cycle top. Near term resistance is at...
USDJPY Analysis – June 10, 2009
USDJPY might be forming a cycle top at 98.88 level on daily chart. Deeper decline would more likely be seen in next several days. Near term resistance is located at 98.88, a break above this level will...
AUDUSD Analysis – June 10, 2009
AUDUSD might be forming a cycle bottom at 0.7827 level on daily chart. Key resistance is located at 0.8263, a break above this level is needed to confirm the cycle bottom. Near term support is located at...
GBPUSD Analysis – June 10, 2009
GBPUSD failed to test 1.5777 key support and rebounded from 1.5801, suggesting a cycle bottom is being formed on daily chart. Further rally is expected to test 1.6662 key resistance, a break above this level will confirm...
EURUSD Analysis – June 10, 2009
Being contained by 1.3793 support, EURUSD rebounds from 1.3804, suggesting that a cycle bottom is being formed on daily chart. However, a break of 1.4338 key resistance is needed to confirm the cycle bottom.
USD Quivers from Chrysler-Fiat Ordeal
After gathering some positive momentum at the end of last week from US employment data, the US Dollar now faces a new ordeal. As the US Supreme Court attempts to block the sale of Chrysler to Fiat,...