USDCHF Analysis – April 11, 2009
USDCHF breaks above 1.1548 key resistance, suggesting that a cycle bottom has been formed at 1.1159 level on daily chart. Consolidation in a range between 1.1159 and 1.1780 is expected in a couple of weeks.
Month: April 2009
USDJPY Analysis – April 11, 2009
USDJPY remains in uptrend from 93.53. Further rally could be seen to 105.00 zone in a couple of weeks. Near term support is at 98.50, as long as this level holds, the uptrend from 93.53 will continue....
AUDUSD Analysis – April 11, 2009
Being contained by the previous high resistance at 0.7267, AUDUSD formed a sideways consolidation in a narrow range between 0.7032 and 0.7227. Further rise is still in favor after consolidation, and the next target is at 0.7500...
GBPUSD Analysis – April 11, 2009
GBPUSD remains in uptrend from 1.3654. Further rise is still possible to 1.5300-1.5400 area after consolidation. Initial support is at the rising trend line from 1.3654 to 1.4110, as long as the trend line support holds, the...
EURUSD Analysis – April 11, 2009
EURUSD formed a cycle top at 1.3738 level on daily chart. Deeper decline is still possible to 1.2950 zone next week. However, the price action from 1.3738 is more likely correction of the uptrend from 1.2456, one...
Dollar Rises Despite Increased Risk Taking
The greenback continues its correction as better unemployment numbers and rising import prices helped to strengthen the Dollar yesterday. Liquidity may be thin during today’s trading due many European firms closed for holiday. However, this may only...
U.S Dollar Uptrend Continues
The U.S. and Japanese currencies are likely to keep drawing demand as investors stay away from higher-yielding currencies such as the AUD, analysts said. The Yen rallied against Sterling and the Australian and New Zealand dollars, which...
Greenback Gains as Market’s Optimism Fades
The European single currency came crashing on Tuesday after data showed the Euro-Zone economy recorded its deepest ever quarterly fall in the 4-quarter of 2008. As a result, the currency market moved back to the U.S currency...
Forexpros.com Daily Analysis
Today’s US Dollar Trading • USD reverses off lows to make highs in New York• Majors respect existing S/R, stops in range drive most action• Volumes lighter with most action ahead of the London fix
Intraday Buy/Sell Signals and Forex Funds Management – Mon 06Apr09
Week Summary EURUSD has moved up into a new range within its 4 hourly chart between 1.2695 – 1.3671. It has tested support level at its 50% fib (1.3183). The 4 hourly trend is up, so we...