USD/JPY Technical Analysis October 27, 2011
USD/JPY fell on Wednesday, and then bounced in the US afternoon. As a result, we have a hammer for the day – the second one in a row. There is talk of possible intervention in the pair...
Month: October 2011
EUR/USD Technical Analysis October 27, 2011
The EUR/USD pair had a wild day with the EU summit coming to a close, there was back and forth trading, and at the New York close, there were only rumors to trade off of.
US Home Sales Signal Market Expansion
Data from the American housing market yesterday also indicated a positive message as new home sales jumped, representing an expanding market in consumer spending, mortgages and bank lending.
27th October, 2011 – Daily Forex Report by GFM Research
The Dollar Index is trading in very important support zone of 75.30-76.00; weekly close below 75.00 would reinitiate long-term dollar bearishness. Though 76.00 ranges are expected to again act important support in short term; historic resistance in...
USD/CAD Technical Analysis October 26, 2011
The USD/CAD pair bounced hard from the parity level on Tuesday, an area that we have mentioned several times over the last week or two. The area offered support, and was urged on by the Bank of...
AUD/USD Technical Analysis October 26, 2011
AUD/USD fell during the Tuesday session after trying to break through the 1.05 level. The area is significant resistance, and showed it during the session. With the issues in Europe taking the headlines, this pair will certainly...
USD/CHF Technical Analysis October 26, 2011
The USD/CHF pair has fallen again on Tuesday. The pair continues to drift lower, as traders are starting to test the will of the Swiss National Bank. The SNB is trying to keep the Franc weaker, and...
GBP/USD Technical Analysis October 26, 2011
GBP/USD had a wide range during the Tuesday session, and ended up printing a doji for the day. The candle is right at the 1.60 level, and the 61.8% Fibonacci retrace as well.
USD/JPY Technical Analysis October 26, 2011
USD/JPY fell on Tuesday, but bounced later in the session to form a hammer for the day. The Bank of Japan has been jawboning this pair quite a bit over the last couple of days, and many...
EUR/USD Technical Analysis October 26, 2011
The EUR/USD pair found itself in a range during the Tuesday session, but ultimately ended up being slightly negative. The upcoming summit today in the EU should continue to drive the pair and its future direction.