The EUR/USD technical analysis and trading recommendations for January 20, 2011
4-hour timeframeThe euro is still developing a buy signal with target level at 1.3298; however, correction movement is continuing as well.
Category: Daily Forex Reports
Risk Aversion Leads to USD Gains in Overnight Trading
The US dollar saw gains across the board in overnight trading. Analysts attribute the bullish greenback to a positive US Building Permits figure released yesterday, which subsequently made the dollar more attractive to investors. Today, a batch...
Daily FX Market Outlook by AceTrader 20-1-2011
Market Review – 19/01/2011 19:46 GMT Euro touches 2-month high against the dollar on easing debt worries The single currency climbed to an two-month high against the dollar on Wednesday on growing hopes that eurozone policymakers would...
Forex-Metal Daily Analysis -19/01/2011
Strong Euro-zone fundamentals supported the euro. Asian and European trading sessions:
GBP/JPY Elliott wave count and Fibonacci levels – January 19, 2011
The GBP/JPY is moving within corrective wave 4 of medium term uptrend – colored magenta in the chart. The targets of the downmove are Fibonacci retracements of 128.29-132.48, 130.43-132.48, expansions off 132.48-131.62-132.14. Supports: – 131.45 = .50...
Interest Rate Differentials Trigger Dollar Selling
The US dollar sold off today in favor of higher yielding currencies with the largest gains seen in the euro and Aussie dollar. The Canadian dollar was sold following a dovish monetary policy statement.
GBP/USD Outlook
Hello. Let’s take a look at the GBP/USD hourly chart. The steep upward movement from the beginning of the year looks like it may have a little more steam to push the currency pair a little higher.
Daily FX Market Outlook by AceTrader 19-1-2011
Market Review – 18/01/2011 21:23 GMT Euro gains on optimism eurozone debt crisis would be tamed The single currency rose to 1-month high against the dollar on Tuesday due to optimism the eurozone officials may announce new...
Forex-Metal Daily Analysis -18/01/2011
The euro drops ahead of the European Finance Ministers meeting. Asian and European trading sessions:
EUR/USD Technical Analysis. Support And Resistance Levels For January 18/2011
TODAY TECHNICAL LEVEL : Breakout Buy level : 1.3327.Strong Resistance : 1.3320.Original Resistance : 1.3307.Inner Sell Area : 1.3294.Target Inner Area : 1.3263.Inner Buy Area : 1.3232.Original Support : 1.3219.Strong Support : 1.3206.Breakout Sell level : 1.3198.