USDCAD Analysis – May 11, 2008
USDCAD traded in range between 0.9987 and 1.0326. Break below 0.9987 level would more likely be seen in the next few days. Key resistance is now located at 1.0326, only break of this level will signal the...
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USDCHF Analysis – May 11, 2008
USDCHF is topping at 1.0623, key support is now at 1.0298, a break of this level will confirm the cycle top and deeper decline to 1.0100 area is expected to follow. Initial resistance is at 1.0623, only...
USDJPY Analysis – May 11, 2008
USDJPY pulled back from 105.70. Further fall to 101.75 area to reach the next cycle bottom on daily chart is possible. However, the fall from 105.70 is treated as correction to the up trend, as long as...
AUDUSD Analysis – May 11, 2008
AUDUSD failed to test 0.9541 precious high resistance and traded in range between 0.9275 and 0.9541. Deeper decline to retest 0.8953 support is possible, and a break of 0.9275 is needed to confirm such case. Key resistance...
GBPUSD Analysis – May 11, 2008
GBPUSD is moving to test 1.9337 (Jan 22 low) support. Break below this level could be seen after consolidation. Key resistance is located at 2.0029, only break above this level will indicate lengthier correction to the long...
EURUSD Analysis – May 11, 2008
EURUSD is forming a cycle bottom at 1.5284 on daily chart. Bounce to retest 1.5700 resistance is expected before breaking below 1.5284 level. The rise from 1.5284 will be treated as correction to the down trend. Key...
The Greenback is Pushing Up Again
Yesterday, the greenback was revived after several days of bearish behavior. Investors seem to have kept faith about the dollar as traders pushed it toward sharp profits versus most of its currency rivals. It has been briefly...
USD’s Bullish Trend Calms Down
Yesterday, the greenback saw mixed results as it was in a bearish trend versus its major currency rivals during the first half of the day. Later on throughout the day it managed to gain some bullish momentum,...
Forexpros.com Daily Analysis – 07/05/08
Today’s US Dollar Trading• USD two sided, ends flat-to-mixed• Reverses early weakness• Traders waiting for tomorrow’s data Overnight Preview• Expect consolidation. • USD likely to range trade on light volumes ahead of data tomorrow Looking Ahead to...
USDCAD Analysis – May 7, 2008
USDCAD is testing 0.9987 previous low support, a break of this level will indicate lengthier consolidation is underway, and deeper decline to retest 0.9709 could be seen. Key resistance is now located at 1.0326, only break of...