AUDUSD Analysis – April 4, 2009
AUDUSD breaks above 0.7092 and reaches as high as 0.7227 level. Further rally could be seen to 0.7500 zone in next several days. Key support is located at 0.6768, below this level will indicate that the rise...
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GBPUSD Analysis – April 4, 2009
GBPUSD breaks above 1.4779 and reaches as high as 1.4846 level. Further rise is now in favor and the next target would be at 1.5300-1.5400 area. Key support is at 1.4110, only fall below this level will...
EURUSD Analysis – April 4, 2009
EURUSD formed a cycle top at 1.3738 level on daily chart. Range trading between 1.2950 and 1.3738 could be seen in a couple of weeks. The price action from .3738 is more likely consolidation of the uptrend...
ECB Surprises the Market and Traders Anticipate Non-Farm Payrolls
A surprise 25 point basis point Interest Rate cut by the ECB is being digested by the currency markets. But traders won’t have much time to pause as the high impact Non-Farm Employment numbers are released later...
USDJPY Analysis – April 3, 2009
USDJPY breaks above 99.67 previous high resistance, suggesting that the medium term uptrend from 87.12 has resumed. Further rise is now in favor and the next target would be at 105.00 zone. Near term support is at...
AUDUSD Analysis – April 3, 2009
AUDUSD breaks above 0.7092 level. Further rise to test the long term resistance at 0.7267 could be seen. A break above this level will signal further rise towards 0.7500. Key support is now at 0.6768, only fall...
GBPUSD Analysis – April 3, 2009
GBPUSD is testing the resistance of 1.4779, a break above this level will indicate that the rise from 1.3654 has resumed and then further rally could be seen to 1.5300 zone. Near term support is located at...
EUR Interest Rate Decision Due Today
Market participants are eagerly awaiting key data pieces due be released today. The European Central Bank is expected to cut Interest Rates by 50 basis points and weekly U.S. unemployment numbers are predicted to be high. These...
Forexpros.com Daily Analysis
Today’s US Dollar Trading • USD extends ranges in some pairs, volumes light after fix• Majors hold important S/R• Stops likely waiting on either side of the market
Forexpros.com Daily Analysis
Today’s US Dollar Trading • USD ends mixed, S/R holds in two-way action• Stops noted in both directions intraday• Traders on G-20 watch ahead of ECB Thursday