USD/CAD Technical Analysis September 29, 2011
USD/CAD rose drastically on Wednesday as traders sold off the oil markets. The 1.03 area was the most recent high in this pair, and proved to be resistive. Because of this, we want to buy – but...
Category: Daily Forex Reports
USD/CHF Technical Analysis September 29, 2011
The USD/CHF pair rose on Wednesday, as the Dollar was bought in general during the session. The market is in a “safety trade” mode, and the CHF is no longer considered a decent proxy for safety as...
USD/JPY Technical Analysis September 29, 2011
USD/JPY continued to bounce around in the 100-pip range we have been watching on Wednesday. The pair is being watched by the Bank of Japan, and it should be obvious and well-known by now that they are...
Forex-Metal Daily Analysis – 29/09/2011
Concerns over the situation in Europe are growing.
U.S. Pending Home Sales to Set the Level for the USD Today
Today, traders should pay close attention to the release of the U.S. Pending Home Sales report. This indicator always provides for extreme market volatility in the major currency pairs. Traders may find good opportunities to enter the...
29th September, 2011 – Daily Forex Report by GFM Research
The Dollar Index is finding stiff resistance in the ranges of 78.85-79.00 ranges due to bargain buying in most of the asset classes especially the equities though the major trend is still bearish. As long as 79.50...
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...
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...