USDCHF Analysis – Jun 25, 2008
USDCHF might be forming a cycle top at 1.0539 on daily chart. Lengthier consolidation would more likely be seen and pullback to test the support of the up trend line from 0.9634 to 1.0147 is expected. Key...
Month: June 2008
USDJPY Analysis – Jun 25, 2008
USDJPY might be forming a cycle top at 108.58 on daily chart. Sideways consolidation would more likely be seen and pullback to retest the support of the price channel is expected in next few days. Initial resistance...
AUDUSD Analysis – Jun 25, 2008
No changed in our view, AUDUSD formed a cycle bottom at 0.9327 on daily chart. Further rise to 0.9800 area is now in favor. Key support is at 0.9327, only break down below this level will indicate...
GBPUSD Analysis – Jun 25, 2008
Being contained by 1.9800 resistance, GBPUSD pulled back from 1.9791 level, suggesting that the pair is back to range trading between 1.9363 and 1.9852. Only break above 1.9800 level will signal resumption of up trend.. Long term...
EURUSD Analysis – Jun 25, 2008
EURUSD formed a cycle bottom at 1.5302 on daily chart. Consolidation could be seen in a range between 1.5302 and 1.5843. A break below 1.5302 level will indicate that consolidation has completed, and pullback to 1.5000 area...
Forexpros.com Daily Analysis – 24/06/08
Today’s US Dollar Trading• USD holds gains but flows light• S/R holds as expected• Speculation that the Fed will not move rates capping the USD Overnight Preview• Consolidation likely• Two-way action with a downside bias Looking Ahead...
Forexpros.com Daily Analysis – 23/06/08
Overnight Asia/Europe• USD firms a bit• Technical trade and stops drive GBP and EURO• Volumes moderate Today’s Economic ReportsAll times EASTERN (-5 GMT)• None for the dayExpect technical trade for the most part Looking AheadAll times EASTERN...
Jeddah Oil Summit Sets the Tone for a Big Trading Week
The USD saw a significant swing in momentum last week as it saw losses versus most of its currency rivals. The dollar was affected in large part due to the rekindling of economic worries in the US...
USDCAD Analysis – Jun 22, 2008
USDCAD broke below 1.0150 support and formed a cycle top at 1.0322 level on daily chart. Sideways consolidation would more likely be seen before breaking above 1.0322. However, a break above 1.0322 level will indicate that long...
USDCHF Analysis – Jun 22, 2008
USDCHF might be forming a cycle top at 1.0539 on daily chart. Pullback to test the support of the up trend line from 0.9634 to 1.0147 is expected. Key support is at 1.0147, a break below this...