EURUSD Analysis – Mar 9, 2008
EURUSD’s uptrend extends to as high as 1.5463 level. Further rise to 1.5600 area to reach the next cycle top on daily chart is still possible. However, the next cycle top is nearing. The key support is...
Month: March 2008
Forexpros Daily Analysis
Today’s US Dollar Trading • USD has volatile day• US data no help• EURO sets another record high Overnight Preview • Traders are watching ECB closely, expect hawkish rhetoric• Book squaring likely Looking Ahead • ECB and BOE...
USDCAD Analysis – Mar 5, 2008
USDCAD is in down trend. The rebound from 0.9709 is treated as consolidation to the down trend. Further fall to test 0.9056 (Nov 2007 low) is expected after consolidation. Near term resistance is at 1.0198, only break...
USDCHF Analysis – Mar 5, 2008
USDCHF is moving to the next cycle bottom on daily chart, deeper decline to 1.0200 area is still possible in a couple of days and the next cycle bottom is nearing. Near term resistance is at 1.0600,...
USDJPY Analysis – Mar 5, 2008
USDJPY is in down trend. The fall from 108.59 extends to as low as 102.61. Further decline to test 101.65 (Jan 2005 low) is still possible. Near term resistance is at 105.00, as long as this resistance...
AUDUSD Analysis – Mar 5, 2008
No changed in our view, AUDUSD is forming a cycle top at 0.9496 on daily chart, key support is at the rising price channel, a break of the channel support will confirm the cycle top, and pullback...
GBPUSD Analysis – Mar 5, 2008
GBPUSD might be forming a cycle top at 1.9971 on daily chart. Key support is at 1.9760, a break of this level will confirm the cycle top and signal the resumption of the down trend, pullback to...
EURUSD Analysis – Mar 5, 2008
EURUSD’s up trend remains. Further rally to 1.5400 area to reach the next cycle top on daily chart is still possible and the next cycle top is nearing. Key support is at 1.4950, a break of this...
Forexpros Daily Analysis
Today’s US Dollar Trading • USD again on the defense• US data below expectations, helped drive USD lower• Some signs of reversal developing Overnight Preview • USD likely to remain under pressure as it consolidates• Eurozone GDP out...
Forexpros Daily Analysis
Overnight Asia/Europe • USD two-sided in technical trade• Equities weaker pressuring USD/JPY• Carry trade liquidation seen Today’s Economic Reports • 9:00 AM CST ISM Index forecast 49.0 Looking Ahead • Later in the week: ISM Services, ADP private payrolls, NFP and Housing numbers• Eurozone...