USDJPY Analysis – Sep 6, 2008
USDJPY might be forming a cycle bottom at 105.52 on daily chart. Rebound to test 110.66 previous high resistance is now in favor in next several days. Initial support is at 105.52, below this level will indicate...
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AUDUSD Analysis – Sep 6, 2008
AUDUSD breaks below the support of the up trend line from 0.4815 (Sep 2001 low) to 0.7675 (Aug 2007 low). Deeper decline is still possible to 0.7800 zone in a couple of weeks. Initial resistance is at...
GBPUSD Analysis – Sep 6, 2008
GBPUSD’s down trend remains and the fall from 2.0158 extends further to as low as 1.7537 level. Deeper decline is still possible to 1.7000-1.7200 area in a couple of weeks. Initial resistance is at the down trend...
EURUSD Analysis – Sep 6, 2008
EURUSD breaks through the support of the up trend line from 1.1825 (Feb 27, 2006 low) to 1.3360 (Aug 16, 2007 low). Deeper decline is expected to 1.3700-1.4000 area next week. Initial resistance is at the down...
Dollar Strengthens Amid Global Deceleration
Positive USD positions were supported by a series of events which started after the release of poor Euro-Zone fundamental data. Another help for the greenback was a drop in Oil prices as Hurricane Gustav slowly passed without...
Forexpros.com Daily Analysis – 4.09.08
Today’s US Dollar Trading• USD fails to extend gains• Majors make highs in New York• BOC keeps rates firm Overnight Preview• Look for follow-on selling Looking Ahead to Thursday All times EASTERN (-4 GMT)• 8:15am USD ADP Non-Farm Employment Change• 8:30am USD Revised...
Dollar Looks to Make a 9 Month Record against the EUR
The Dollar rose 0.6% and closed under 1.4520 versus the EUR in yesterday’s trading session, even seeing prices dip under 1.45. This Dollar rally is continuing as this analysis is being posted as the EUR/USD now stretches...
Forexpros.com Daily Analysis – 03.09.08
Today’s US Dollar Trading• Most of the action was this morning• USD holds gains but weakens into the end of day• Traders note profit-taking bids in the majors Overnight Preview• Likely a bout of short-covering due• Quiet ahead of US data Looking...
USDCAD Analysis – Sep 3, 2008
USDCAD breaks above 1.0727 previous high resistance, suggesting that the long term up trend is underway. Further rise towards 1.1200 is expected after consolidation. Initial support is at 1.0410, as long as this support holds, up trend...
USDCHF Analysis – Sep 3, 2008
USDCHF’s up trend remains and the rise from 1.0010 extends further to as high as 1.1128 level. Further rise is expected to 1.1300 level in next few days. Initial support is at 1.0842, only break down below...