USD/CHF Technical Analysis October 26, 2011
The USD/CHF pair has fallen again on Tuesday. The pair continues to drift lower, as traders are starting to test the will of the Swiss National Bank. The SNB is trying to keep the Franc weaker, and...
Category: Daily Forex Reports
GBP/USD Technical Analysis October 26, 2011
GBP/USD had a wide range during the Tuesday session, and ended up printing a doji for the day. The candle is right at the 1.60 level, and the 61.8% Fibonacci retrace as well.
USD/JPY Technical Analysis October 26, 2011
USD/JPY fell on Tuesday, but bounced later in the session to form a hammer for the day. The Bank of Japan has been jawboning this pair quite a bit over the last couple of days, and many...
EUR/USD Technical Analysis October 26, 2011
The EUR/USD pair found itself in a range during the Tuesday session, but ultimately ended up being slightly negative. The upcoming summit today in the EU should continue to drive the pair and its future direction.
Forex-Metal Daily Analysis – 26/10/2011
The upcoming EU summit is in focus.
US Consumer Confidence Shrinking
Data on confidence yesterday also signaled a mild downtick in outlook from the previous month. The news has had some impact on the forex market, though it could magnify through longer-term analyses on US financial markets should...
EUR/USD Anlaysis
Greetings. Let’s take a look at the EUR/USD daily chart. You can see we’re in what looks to be a contracting triangle. So, look for the pair to move up to test the trendline and 1.4000 area...
Forex-Metal Daily Analysis – 25/10/2011
The EC Summit is in the focus of the market. Asian and European trading sessions: Euro: During the Asian trading session the euro continued rising against the US dollar against the background of European leaders’ promises that...
USD/CAD Technical Analysis October 25, 2011
USD/CAD fell on Monday as traders sold the Dollar around the world. The oil markets also managed to break above the $90 mark, and this was massive resistance. The demand for oil could and should push the...
AUD/USD Technical Analysis October 25, 2011
The AUD/USD slammed into the 1.05 level on Monday, and pulled back slightly. The area proved to be massively resistive, but the candle is closing towards the very top of the range, which is always a bullish...