GBP/USD Anlaysis
Greetings. Let’s take a look at the GBP/USD chart. We’ve been in a sideways channel and it looks like we may be setting up for a break to the downside. Look for the pair to potentially hit...
Category: Daily Forex Reports
Forex-Metal Daily Analysis – 28/09/2011
Willingness to take risks is back.
EUR/USD Technical Analysis September 28, 2011
EUR/USD rose for the session on Tuesday, but pulled back late in trading as reports came out of the EU that there was some kind of disagreement on the amount of “haircuts” or losses on Greek bonds....
GBP/USD Technical Analysis September 28, 2011
GBP/USD spiked on Tuesday, continuing the three day rally in this pair. However, there was a bit of a selloff late in the session and this created a long wick at the top of the candle. The...
USD/CAD Technical Analysis September 28, 2011
The USD/CAD pair fell hard on Tuesday as the 1.03 level proved to be too much. We suggested that a break of the Monday low would be a sell signal, and this proved to be true.
USD/CHF Technical Analysis September 28, 2011
USD/CHF fell on Tuesday as traders sold the Dollar to buy riskier assets in general. However, the USD/CHF pair did see a bit of a rebound late in the day as the rallies worldwide fell off.
USD/JPY Technical Analysis September 28, 2011
USD/JPY continues to trade in a 100-pip range on Tuesday as traders are willing to consolidate instead of take on the Bank of Japan by selling this pair. The pair has been extremely reliable from a scalping...
Optimism Returns to Markets; Commodities, EUR Rally
Stock markets, commodities and other riskier assets rallied Tuesday on hopes the European officials will soon reach an agreement on measures for handling the Euro-Zone debt crisis.
28th September, 2011 – Daily Forex Report by GFM Research
Bargain buying was witnessed in most of the asset classes especially the equities though the major trend is still bearish, as a result of which, the Dollar Index is finding stiff resistance in the ranges of 78.85-79.00...
Markets Recovers on Hopes for European Action
Following several days of sharp declines, yesterday’s session brought trading correction all over the globe. In the forex market, the euro managed to correct losses against the U.S. dollar, rebounding from a 10-month low. In commodities trading,...