Forex-Metal Daily Analysis – 24/11/2011
Fears of the world economy sliding down into a recession supported the dollar.
Category: Daily Forex Reports
USD/CHF Analysis
Greetings. Let’s take a look at the USD/CHF pair. For a long time we were seeing a shard drop of the USD/CHF and we’ve seen a nice retracement back up in the past couple of months. It...
Forex-Metal Daily Analysis – 23/11/2011
The IMF Board approved two new credit packages to limit and fight the spreading of the debt crisis.
USD Continues to be Favored
As investors reduce their exposure to higher yielding currencies the USD has become the overwhelming favorite.
AUD/USD Forecast Nov. 22nd, 2011, Technical Analysis
AUD/USD fell hard on Monday as traders continued to sell of the risk trade. The Aussie will always be sensitive to sentiment, and sentiment is poor at best lately. With this in mind, we sell rallies, and...
EUR/USD Forecast Nov. 22nd, 2011, Technical Analysis
The EUR/USD pair fell during the session on Monday again, only to bounce again. The 1.35 area seems to be attracting massive buying and the pair simply will not stay under the 1.35 level for long. Because...
GBP/USD Forecast Nov. 22nd, 2011, Technical Analysis
GBP/USD fell precipitously on Monday, just as expected. The Bank of England should be talking about more quantitative easing later this week, and as a result the cable pair has fallen.
USD/CAD Forecast Nov. 22nd, 2011, Technical Analysis
USD/CAD finally smashed through the 1.03 barrier as the risk trade got hammered on Monday. The barrier should turn into support at this point, and the pair should press ahead to retest the recent highs in the...
USD/CHF Forecast Nov. 22nd, 2011, Technical Analysis
The USD/CHF pair had a very quiet day on Monday as the resistance in the 0.93 area shows just how hard the next leg up could be in this pair. However, as the USD is the last...
USD/JPY Forecast Nov. 22nd, 2011, Technical Analysis
The USD/JPY pair rose during the session on Monday, showing signs of support just below the 77 level. The candle from Friday was a hammer, and shows just how well supported this area could be for the...