GBPUSD Analysis – Jun 22, 2008
GBPUSD is testing 1.9800 resistance, a break of this level will signal resumption of up trend, and then further rise to 2.0300 area to reach next cycle top could be seen in a couple of weeks. However...
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EURUSD Analysis – Jun 22, 2008
EURUSD is forming a cycle bottom at 1.5302 on daily chart. However the rise from 1.5302 is treated as consolidation to down trend. Deeper decline is still possible after consolidation. A break below 1.5302 level will indicate...
Will the EUR Push Ahead From Here?
Yesterday the greenback saw rising trends against most of its major currency rivals. During the prior trading session the EUR\USD dropped 98 points from 1.5573 down do 1.5475. In addition the USD experienced bullish behavior against the...
Forexpros.com Daily Analysis – 19/06/08
Today’s US Dollar Trading• USD two-way overnight• Weakens in NY trade• All eyes on US data tomorrow Overnight Preview• Look for the USD to consolidate with a lower tone Looking Ahead to ThursdayAll times EASTERN (-5 GMT)•...
Forexpros.com Daily Analysis – 18/06/08
Today’s US Dollar Trading• Overseas data USD negative• USD rally falters in US trade• Volumes lighter Overnight Preview• USD likely to remain technical in nature• Look for more downside pressure Looking Ahead to WednesdayAll times EASTERN (-5...
USDCAD Analysis – Jun 18, 2008
USDCAD might be forming a cycle top at 1.0322 on daily chart. Key support is at 1.0150, a break of this level will confirm the cycle top, and deeper decline to 1.0000 area is expected to follow....
USDCHF Analysis – Jun 18, 2008
USDCHF formed a cycle bottom at 1.0147 on daily chart. The rise from 1.0147 could possibly be resumption of up trend. Further rally to 1.0800 area is possible in next few day. Initial support is at 1.0300...
USDJPY Analysis – Jun 18, 2008
No changed in our view, USDJPY is in up trend. Further rise to 110.00 area to reach next cycle top on daily chart is still possible. Initial support is at 106.55 and key support is at 103.87,...
AUDUSD Analysis – Jun 18, 2008
AUDUSD is in consolidation to up trend. Further fall to test 0.9275 support is still possible in next few days, a break below this level will signal reversal to up trend. As long as 0.9275 support holds,...
GBPUSD Analysis – Jun 18, 2008
GBPUSD is forming a sideways consolidation in a range between 1.9363 and 1.9852, and will move without trend in this range in next few days. As long as 1.9363 support holds, we’d expect up trend to resume...