USDCAD Analysis – April 30, 2011
USDCAD stays below a downtrend line on daily chart, and remains in bearish movement. Further fall could be seen next week, and next target would be at 0.9300 area. Resistance is at the trend line, now at...
Month: April 2011
USDCHF Analysis – April 30, 2011
USDCHF remains in downtrend from 0.9339, and the fall extended to as low as 0.8626. Further fall could be expected next week, and next target would be at 0.8500 area. Resistance is at 0.8800, as long as...
USDJPY Analysis – April 30, 2011
USDJPY continued its downward move from 85.51 and the fall extended to as low as 81.03. Deeper decline is still possible next week, and next target would be at 80.00 area. Resistance is at 82.75, only break...
AUDUSD Analysis – April 30, 2011
AUDUSD’s bullish movement extended further to as high as 1.0976. Support is at 1.0750, as long as this level holds, uptrend from 0.9704 could be expected to continue and next target would be at 1.1200 area.
GBPUSD Analysis – April 30, 2011
GBPUSD is in uptrend from 1.5936, and the rise extended to as high as 1.6745. Further rise could be expected next week and next target would be at 1.7000 area. Support is at 1.6600, as long as...
EURUSD Analysis – April 30, 2011
EURUSD stays above a trend line from 1.3428 to 1.4157, and remains in uptrend. Further rise is still possible next week, and next target would be at 1.5000 area. Support is at 1.4650, followed by the trend...
Daily Market Review for 29/04/2011 by SolidityBrokers.com
Wall Street closed in green territory Thursday, pushing the Dow average to its best finish in nearly three years after confidence in corporate results overcame weaker economic data. The Dow Jones Industrial Average closed up 72.35, or...
Bearish Pressure Growing on US Dollar
Forex traders, who had been hesitant to short the greenback due to a variety of reasons last week, found many justifications to push heavily against the greenback these past two days. The EUR/USD has now risen to...
USD/CHF Technical Analysis for April 29, 2011
The USD/CHF fell again today, but rose from the bottoms – a place that matched the all0time lows made a few days ago. The pair still looks very weak, and any rallies should be sold. The 0.8650...
GBP/USD Technical Analysis for April 29, 2011
The GBP/USD is forming a massive shooting star today, which shows massive weakness. The truth is that there is simply too much support underneath to sell with any conviction, and that the market is likely to find...