USDCAD Analysis – Apr 16, 2008
USDCAD pulled back from the price channel resistance and is forming a cycle top at 1.0326 on daily chart. Further fall to test 0.9709 previous low support is possible after correction, and a break of 1.0018 level...
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USDCHF Analysis – Apr 16, 2008
USDCHF is forming a sideways consolidation in a range between 0.9870 and 102.49. Further rise to 1.0500 area to reach the next cycle top on daily chart is still in favor before breaking below 0.9870 level. Key...
USDJPY Analysis – Apr 16, 2008
No changed in our view, USDJPY is in up trend, and the fall from 102.94 is treated as consolidation to the up trend. As long as the key support at 98.55 holds, we’d expect up trend to...
AUDUSD Analysis – Apr 16, 2008
AUDUSD may be forming a cycle top at 0.9346 on daily chart, but a break of the key support at 0.9031 is needed to confirm the cycle top. Key resistance is at 0.9496, only rise above this...
GBPUSD Analysis – Apr 16, 2008
GBPUSD is in down trend. Further fall to retest 1.9337 previous low support is still in favor. Near term resistance is now at 1.9894, as long as this resistance holds, we’d expected down trend to continue.
EURUSD Analysis – Apr 16, 2008
EURUSD breaks above 1.5902 previous high resistance and its up trend resumes. Further rise to 1.6200 area to reach the next cycle top on daily chart is now in favor. Near term support is now at the...
Forexpros Daily Analysis
Overnight Asia/Europe • USD firmed in Asia on G7 comments• Faltered in European trade Today’s Economic Reports • 7:30 AM CDT Retail Sales forecast +0.1%, no factor Looking Ahead • 7:30 AM CDT Tuesday PPI forecast +0.4%,...
U.S. Retail Sales On Tap
Last week we saw the return of significant volatility to the Forex market. Amidst fears of recession in the US, due to the housing and credit crisis as well as poor labor numbers, investors once again became...
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USDCAD Analysis – Apr 12, 2008
Being contained by the price channel resistance, USDCAD pulls back from 1.0326 level. As long as 1.0326 resistance holds, we’d expect down trend to resume and deeper decline to retest 0.9709 previous low support is still in...