USD/CAD Technical Analysis October 27, 2011
USD/CAD fell hard during the Wednesday session as the rumors flew out of Europe that some kind of deal has been reached. At the close of the US session however, there are just that – rumors.
Category: Daily Forex Reports
AUD/USD Technical Analysis October 27, 2011
AUD/USD fell and then rose on the session for Wednesday. The resulting candle was a hammer, and it looks like the Aussie will be supported after all. The 1.05 level above should be resistive again, so we...
USD/CHF Technical Analysis October 27, 2011
The USD/CHF pair had a range bound session on Wednesday as traders waited for the all-important EU summit to end. The deal didn’t come, but there are rumors floating around, and rumors are exactly what the market...
GBP/USD Technical Analysis October 27, 2011
The GBP/USD pair has fallen during the Wednesday session, but had a bounce in the later hours of the US session. The pair looks set to retest the 1.60 level again, and the hammer formed on the...
USD/JPY Technical Analysis October 27, 2011
USD/JPY fell on Wednesday, and then bounced in the US afternoon. As a result, we have a hammer for the day – the second one in a row. There is talk of possible intervention in the pair...
EUR/USD Technical Analysis October 27, 2011
The EUR/USD pair had a wild day with the EU summit coming to a close, there was back and forth trading, and at the New York close, there were only rumors to trade off of.
US Home Sales Signal Market Expansion
Data from the American housing market yesterday also indicated a positive message as new home sales jumped, representing an expanding market in consumer spending, mortgages and bank lending.
27th October, 2011 – Daily Forex Report by GFM Research
The Dollar Index is trading in very important support zone of 75.30-76.00; weekly close below 75.00 would reinitiate long-term dollar bearishness. Though 76.00 ranges are expected to again act important support in short term; historic resistance in...
USD/CAD Technical Analysis October 26, 2011
The USD/CAD pair bounced hard from the parity level on Tuesday, an area that we have mentioned several times over the last week or two. The area offered support, and was urged on by the Bank of...
AUD/USD Technical Analysis October 26, 2011
AUD/USD fell during the Tuesday session after trying to break through the 1.05 level. The area is significant resistance, and showed it during the session. With the issues in Europe taking the headlines, this pair will certainly...