EUR/JPY candlestick analysis for February 4, 2011
On a 4-hour graph the EUR/JPY currency pair is probably forming a Falling Three Methods candlestick combination. As is known, this model is a signal for further downside movement.
Category: Daily Forex Reports
Forex-Metal Daily Analysis -04/02/2011
The pound reaches new weekly maximums. Asian and European trading sessions:
FX Traders Anticipate US Non-Farm Payrolls
The euro came off its recent highs following dovish ECB comments and strong employment data from the US. If yesterday’s economic data is any hint of today’s payroll numbers, the dollar rally may prove to have legs.
04-Feb-2011 – FX Daily Report by GFM Research
Dollar strengthened against almost every pair on the back of positive US numbers released yesterday coupled with ECB President’s intention of not boosting interest rates in near future. ECB Monetary announcement dented the up rally of Euro,...
GBP/USD NFP Outlook
Greetings. It’s already our 2nd NFP for 2011 and time is just flying by. As always, here are the numbers for the Non-Farm Payroll announcements for the GBP/USD.
USD/CAD technical analysis for February 3, 2011
Support levels: 0.9820, 0.9711, 0.9650Resistance levels: 1.0057, 1.0050, 1.0212
Forex-Metal Daily Analysis -03/02/2011
Sterling demonstrates strong growth. Asian and European trading sessions:
Forex Market Wavering amid Egypt Protests
Yesterday’s flare-up in Egypt between forces supporting president Mubarak and those calling for his ouster has apparently added to a rising atmosphere of uncertainty in the region which has pulled some investors away from their recent risk-taking.
03-Feb-2011 – FX Daily Report by GFM Research
Dollar, after hitting a new low of 1.3861 since November 09, 2010, found support and managed to post positive close marginally against euro at 1.3815 yesterday against previous close of 1.3828. Tracking dollar, Dow Jones Industrial Average...
GBP/JPY Outlook
Greetings. As we near the upcoming NFP announcement, let’s take a look at the GBP/JPY hourly chart. We’ve been in a steady uptrend in the GBP/JPY since the beginning of the year and it seems like we’ve...