Forexpros.com Daily Analysis
Today’s US Dollar Trading • USD remains two-way after early strength• Some pairs reverse to flirt with highs• Large stops still out of range
Month: March 2009
EUR/USD Hits Two Months’ High
The European currency may gain further after Germany rebuffed a U.S. plan to increase fiscal stimulus to help pull the global economy out of recession. The fact the Euro-Zone nations avoided making any fresh commitments to extend...
Forexpros.com Daily Analysis
Today’s US Dollar Trading • NY Fed index weaker, housing data flat• Stops in range driving some trade• Likely some profit taking seen by USD shorts
EURUSD Analysis – Mar 17, 2009
EURUSD breaks above 1.2991 key resistance, suggesting that the fall from 1.4719 has completed at 1.2456 level already. Further rally to 1.3200 zone to reach the next cycle top on daily chart is expected in next several...
Forexpros.com daily Analysis
Overnight Asia/Europe • USD starts firm in Asia, weakens into Europe• G-20 seen as a disappointment• Volumes light and technical trade continues
USD Losing Strength Ahead of Interest Rate Announcement
After depreciating consistently over the past few weeks, the USD is now traded over 1.29 against the EUR, and over 1.40 against the GBP. This week on Wednesday, at 18:15 GMT, the Federal Reserve will deliver an...
USDCAD Analysis – Mar 14, 2009
USDCAD broke above 1.3015 (Oct 28, 2008 high) resistance and reached 1.3063 only. The following pullback suggests that a cycle top is being formed on daily chart. Key support is now located at 1.2500, a break below...
USDCHF Analysis – Mar 14, 2009
USDCHF broke below 1.1459 support and reached 1.1430 only. The following rebound indicates that the medium uptrend from 1.0366 has resumed. Further rise towards 1.2100 is expected next week. Key support is now located at 1.1430, only...
USDJPY Analysis – Mar 14, 2009
USDJPY pulled back from 99.67, suggesting that a cycle top has been formed on daily chart. Moving sideways in a range between 95.00 and 100.50 is expected in a couple of weeks. The price action from 99.67...
AUDUSD Analysis – Mar 14, 2009
AUDUSD broke above 0.6553 resistance. Further rise to 0.6700-0.6750 area to reach the next cycle top on daily chart is possible next week. Key support is now located at 0.6248, only fall below this level will signal...