USD/JPY Technical Analysis for May 12, 2011
The USD/JPY rose on Wednesday, only to fall back down, forming a doji. The pair is just above the all-important 80 level, and looks like it could be winding up for a move to the upside. We...
Author: ForexMansion.com
USD/JPY Daily Fundamental Analysis for May 13, 2011
The USD/JPY pair is trading within a consolidation area since the beginning of the week, where the U.S. dollar is gaining against majors and the Japanese yen is trying to maintain its gains against the dollar.
AUD/USD Daily Fundamental Analysis for May 13, 2011
The Australian dollar dropped sharply on Thursday morning against major trading partners and especially versus the U.S. dollar after the Australian employers unexpectedly cut jobs during the month of April, the most since 2009.
USD/JPY Daily Fundamental Analysis for May 11, 2011
The USD/JPY pair advanced slightly after the American dollar continued its upside movement against the euro and other major currencies. The Japanese yen is witnessing a correctional movement versus the dollar after last week’s surge, where the...
AUD/USD Daily Fundamental Analysis for May 11, 2011
The Australian dollar strengthened versus major currencies, especially against the U.S. dollar, after Australia recorded a trade surplus of A$1740 million during the month of March, from a previous deficit of A$205 million, more than analysts’ expectations.
AUD/USD Technical Analysis May 10, 2011
The AUD/USD rose today, closing at the highs. This is always a bullish sign, and it appears that we are going to head back up towards the highs soon at this rate. The pair seems to have...
EUR/USD Technical Analysis for May 10, 2011
The EUR/USD fell today, but ended the day forming a hammer at the 1.4350 area. This shows underlying strength in this currency and that the USD may begin to fall again. The European issues in Greece are...
GBP/USD Technical Analysis for May 10, 2011
The GBP/USD fell today, but only to form a nice bullish hammer at the all-important 1.64 level. This looks very bullish at these levels, and we should see a move up if we can break higher from...
USD/CAD Technical Analysis for May 10, 2011
The USD/CAD fell today, ending with a shooting star shaped candle. The location is roughly where you want to see it for a short, since it is currently just under the all-important 0.97 level. The recent highs...
USD/CHF Technical Analysis for May 10, 2011
The USD/CHF fell today and looks to continue the trend downward it appears. The recent bullish action was simply a bounce that gave sellers better entry points as this pair is seriously flawed at this point. In...