Forex-Metal Daily Analysis -09/03/2011
Concerns over the deteriorating debt crises in Euro-zone pressure the euro.
Tag: AUDUSD
9th March 2011 – FX Daily Report by GFM Research
EURUSD settled lower at 1.3895 on profit booking at higher level. On daily closing below 1.3900, it can be seen testing 1.3711 in near-term. USDCHF rose after breaking key resistance of 0.9335 and may test 0.9521 in...
8th March 2011 – FX Daily Report by GFM Research
EURUSD though lost some shine yesterday in range bound market but likely to maintain momentum on upside unless it closes below 1.3900 on daily charts. Cable faced resistance at 1.6343 against Greenback and settled 146 pips lower...
Forex Metal Weekly Newsletter
Market review for 28.02 – 04.03, 2011
7th March 2011 – FX Daily Report by GFM Research
Euro gained almost 1.75 percent against dollar last week. Immediate support and resistance of EURUSD are 1.3910 and 1.4015 respectively. DJ closed lower at 12169.88 on Friday against previous close of 12258.20. Dow showed crisscross well in...
AUDUSD Analysis – March 5, 2011
Being contained by 1.0255 previous high resistance, AUDUSD formed a sideways consolidation between 0.9940 and 1.0200. Another rise to re-test 1.0255 resistance is expected next week. A break above this level will indicate that the long term...
04th March 2011 – FX Daily Report by GFM Research
EURUSD rose sharply yesterday on Interest rate hike decision by ECB during its April, 2011 meet. Common Currency is hovering near key resistance of 1.3955; strong vigilance is needed at this level as any negative news may...
Forex-Metal Daily Analysis -03/03/2011
ECB rate increase speculations pushed euro to maximums. Asian and European trading sessions:
03rd March 2011 – FX Daily Report by GFM Research
Common currency rose most since November 15, 2010 and closed higher at 1.3864 yesterday. EURUSD immediate support is seen at 1.3812 and resistance can be seen near 1.3955. Dow Jones industrial Average closed marginally higher at 12066.80...
AUD/USD Outlook
Hello everyone and welcome back. Let’s take a look at the AUD/USD hourly chart. If you take a look at our screen shot, you’ll see a Contracting Triangle (CT) forming at an upward angle. It does seem...