Forexpros Daily Analysis Aug 27, 2009

by forexpros.com | August 27, 2009 9:26 am
EUR/USD – Respects Support In early trading the pair is respecting the 1.4200 level.  This is a horizontal and hourly  trendline support area.  The trendline will rise throughout the day.  The bias is up, with 1.4220 also...

Crude Oil Plummets on Profit Taking

by ForexCycle.com | August 26, 2009 8:38 am
Later afternoon trading saw the price of Crude Oil take a nose dive as traders took profit. The price of Oil stalled at the $75 resistance level and fell significantly following the failed breach. Today traders will...

Forexpros Daily Analysis Aug 26, 2009

by forexpros.com | August 26, 2009 6:58 am
EUR/USD – Range Bound The pair continues to trade within a range starting a few days ago. Support is established at 1.4280 and 1.4250 (and just below).  Breaks below these levels indicate further selling.  Target for a...

U.S Consumer Confidence will determine Today’s Trend

by ForexCycle.com | August 25, 2009 8:37 am
Today’s U.S. Consumer Confidence data release is set to dominate the trading between the Dollar and its major currency pairs. A number of other factors are also likely to impact the forex market today, such as the...

Forexpros Daily Analysis Aug 25, 2009

by forexpros.com | August 25, 2009 8:31 am
Euro Dollar Support is currently at a 1.4280 and a break below is expected to target 1.4200.   The target, and support, beyond is at 1.4170.Short-term trend line resistance is at 1.4320.  A break above indicates a move...

Will the Dollar’s Bearish Trend Continue this Week?

by ForexCycle.com | August 24, 2009 9:10 am
Last week marked a sharp drop in the Dollar’s value, especially against the EUR and the CHF. The biggest question for this week is whether the Dollar will continue to see bearish trends against the major currencies,...

Forexpros.com Daily Analysis – Aug 24, 2009

by forexpros.com | August 24, 2009 7:21 am
Euro Dollar Some minor support and resistance levels have developed. A break of those levels is likely to set the tone for the day. A rise above 1.4360, especially if confirmed by a push above 1.4375, indicates...

USD to Go Volatile on U.S. Homes Sales and Bernanke Speech

by ForexCycle.com | August 21, 2009 7:12 am
The U.S. Dollar is expected to go volatile today on U.S. Homes Sales data and the speech by Federal Reserve Chairman Ben Bernanke at 14:00 GMT. Bernanke is expected to discuss the economic crisis and recovery. With...