GBP/USD Technical Analysis September 19, 2011
The GBP/USD market continues to meander around the 1.57 – 1.58 area. The pair recently broke through the massive support area in the form of the 1.5850 area, and looks to be weak in the face of...
Category: Daily Forex Reports
USD/JPY Technical Analysis September 19, 2011
USD/JPY managed a slightly positive day on Friday as traders continue to respect the 76 handle as support in this pair. There are even rumors of the Bank of Japan intervening in the markets clandestinely at this...
EUR/USD Technical Analysis September 19, 2011
The EUR/USD fell on Friday, and more importantly failed to close above the previous support area that kept this pair afloat. Now it seems that “what was once support is now resistance” and as a classic technical...
USD May Fall after TIC Data Friday
Most significant on today’s calendar will be the US publication of its TIC Long-Term Purchases data and consumer confidence data. Should today’s news foreshadow a modest growth in the US investments, an assessment that does, however,
EUR/USD Technical Analysis September 16, 2011
The EUR/USD pair spiked on the session during Thursday as the announcement of USD liquidity measures out of no less than 5 central banks will help the EU banks borrow in USD.
GBP/USD Technical Analysis September 16, 2011
The GBP/USD pair rose on Thursday as the hammer from the Wednesday session was triggered for a buy signal. However, towards the end of the session, the buying abated and even formed a 4 hour shooting star...
USD/CAD Technical Analysis September 16, 2011
USD/CAD fell on the Thursday session, falling far enough to find the recent lows in the 0.9850 area. The support area we have marked is between 0.98 and 0.97 as far as larger support, and as such...
USD/CHF Technical Analysis September 16, 2011
USD/CHF fell on Thursday, but has bounced off of the 200-day moving average. The pair is a “buy only” pair as the USD is the last remaining global safe haven, and the CHF is being actively worked...
USD/JPY Technical Analysis September 16, 2011
The USD/JPY pair originally shot up during the Thursday session, but quickly retreated as the word got out that 5 central banks are increasing the available Dollars for banks to lend each other in Europe.
Forex-Metal Daily Analysis – 15/09/2011
Moody’s decision to reduce the credit rating of two leading French banks pressured the euro.