EURUSD Analysis – Jul 26, 2008
EURUSD is testing 1.5611 support. As long as this level holds, we’d expect uptrend to resume and rebound towards 1.6038 is possible. However, a break below 1.5611 level will signal further decline to to 1.5400 area.
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Forexpros.com Daily Analysis – 24/07/08
Today’s US Dollar Trading • USD regains poise after early break• Oil and equities help the upside• Volumes moderate Overnight Preview • Expect two-way action• USD to consolidate Looking Ahead to ThursdayAll times EASTERN (-5 GMT)• 8:30am USD Unemployment Claims• 10:00am USD Existing Home Sales• 10:00am...
Forexpros.com Daily Analysis – 23/07/08
Today’s US Dollar Trading• USD reverses higher after a lower open in New York• Traders note stops and liquidation off the lows• USD/JPY flirts with close above the 200 bar MA Overnight Preview• Look for the USD to consolidate• Two-way action ahead...
USDCAD Analysis – Jul 23, 2008
USDCAD might be forming a cycle bottom at 0.9974 on daily chart and the rise could possibly be resumption of up trend. Further rebound is expected to test 1.0238 resistance, a break above this level will confirm...
USDCHF Analysis – Jul 23, 2008
USDCHF is testing 1.0351 resistance, a break above this level will signal further rebound to test 1.0539 long term key resistance, and a break of this level will indicate that the down trend from 1.0623 has completed,...
USDJPY Analysis – Jul 23, 2008
USDJPY is forming a cycle bottom at 103.76 on daily chart. Key resistance is located at 107.75, a break above this level will confirm the cycle bottom, and further rise above 108.58 previous high resistance is expected...
AUDUSD Analysis – Jul 23, 2008
AUDUSD is in consolidation to up trend. Pullback to test the support of the up trend line from 0.9327 to 0.9475 is possible. As long as the trend line support holds, we’d expect up trend to resume,...
GBPUSD Analysis – Jul 23, 2008
no changed in our view, GBPUSD is in up trend. The fall from 2.0158 is treated as consolidation to up trend. Near term support is at the uptrend line from 1.9408 to 1.9647, as long as the...
EURUSD Analysis – Jul 23, 2008
EURUSD broke below the up trend line from 1.5302 to 1.5611. Deeper decline to test 1.5611 support is still possible in next few days. Initial resistance is at 1.6038, only rise above this level will signal further...
USD Continues To Be Under Pressure
When glancing back at a weekly chart several months from now, one will look at the change in the market last week and consider it a normal one. The greenback ended the trading week last week virtually...