Forex-Metal Daily Analysis -18/09/2012
Market review for 17.09.12: The Australian dollar fell amid escalating tensions between Japan and China.
Tag: EURUSD
EUR/USD: possible wave 4
We had the doji at the highs yesterday and a down-day so far today – it seems possible this could be the start of a deeper correction lower, an Elliot wave 4 perhaps, which would be expected...
EUR/USD Forecast September 18, 2012, Technical Analysis
The EUR/USD pair had a very volatile session on Monday, but a fairly tight range. It looks like the 1.31 level is going to be somewhat resistant, but let’s be honest here: this pair is way overextended.
Daily FX perspective September 18, 2012 – GFM Research
The Dollar Index is currently trading at critical support of 78.70-78.20; further fall is expected only on the Dollar Index consistently trading below 78.00 ranges. Though the major trend is bearish, the USD seems to be over...
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Eurodollar has corrected back from Friday’s highs
Eurodollar has corrected back from Friday’s highs, but there is a possibility that the pull-back is now complete and the up-trend will resume. I would expect an immediate move to reach 1.3275 and then stop due to...
EUR/USD Forecast September 17, 2012, Technical Analysis
The EUR/USD pair rose during the session on Friday, clearing the 1.30 level as resistance. This area should now form a little bit of support in this marketplace, and as such we would be interested in buying...
EURUSD Analysis – September 15, 2012
EURUSD continues its upward movement from 1.2042, and the rise extends to as high as 1.3168. Further rise could be expected next week, and next target would be at 1.3400 area. Support levels are now at 1.2940...
Daily FX perspective September 14, 2012 – GFM Research
After the Fed chairman, Mr,Bernanke announced buying MBS and other assets to boost the job market, the Dollar stumbled to the month’s lows to currently trade at 79.02. DX seems to be heading towards the historic support...
EUR/USD Forecast September 14, 2012, Technical Analysis
The EUR/USD pair shot straight up during the session on Thursday as the Federal Reserve has expanded its monetary easing policy yet again. The pair closed at the top of the range for the session, and slammed...