USDJPY Analysis – Apr 9, 2008
USDJPY traded in a narrow range between 101.45 and 102.94 in the last few days. Further rise to 105.00 area to reach the next cycle top on daily chart is still in favor after consolidation. Key support...
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AUDUSD Analysis – Apr 9, 2008
AUDUSD breaks above 0.9252 resistance and reaches as high as 0.9328. Further rally to 0.9400 area to reach the next cycle top on daily chart is still possible in the next several days. As long as 0.9496...
GBPUSD Analysis – Apr 9, 2008
GBPUSD drops sharply to as low as 1.9656. Near term resistance is now at 2.0049, as long as this resistance holds, we’d expect down trend to continue and deeper decline to retest 1.9337 long term support is...
EURUSD Analysis – Apr 9, 2008
EURUSD is forming a sideways consolidation in a range between 1.5342 and 1.5902. Pullback to retest 1.5342 is still in favor in the next several days and a break of this level will signal the reversal to...
FOMC Meeting Minutes – on Tap
The USD rose against the EUR yesterday on speculation the Fed is close to ending the biggest series of Interest Rate reductions since 1984. Stability in equity and credit markets raised optimism that the worst of the...
Forexpros.com Daily Analysis
Today’s US Dollar Trading • USD ends a bit firmer but volumes light• Solid two-way action all day• Traders note that market seems sidelined ahead of rate announcements Overnight Preview • Look for more two-way action, USD likely...
Forexpros Daily Analysis
Overnight Asia/Europe • USD higher overnight• No real news driving trade• Two-way action with stops helping to firm USD Today’s Economic Reports • None of note in the US Looking Ahead • 9:00 AM CDT Pending Home Sales forecast -0.5%• 1:00 PM CDT FOMC...
USDCAD Analysis – Apr 5, 2008
USDCAD broke below 1.0094 key support and formed a cycle top at 1.0326 on daily chart. The up trend from 0.9709 has completed and deeper decline to retest 0.9709 support could be seen in a couple of...
USDCHF Analysis – Apr 5, 2008
USDCHF is in up trend, as long as 0.9870 support holds, we’d expected up trend to continue and further rally to 1.0400 area to reach the next cycle top on daily chart is still in favor, and...
USDJPY Analysis – Apr 5, 2008
Being contained by 103.59 resistance, USDJPY pulls back from 102.94. As long as 98.55 key support holds, we’d expect up trend to resume and further rise to 105.00 area to reach the next cycle top on daily...