Forexpros Daily Analysis
Today’s US Dollar Trading • US data positive but USD falls• EURO rallies past resistance and is again “euphoric”• Sentiment returning to the bearish side traders say Overnight Preview • Look for the USD is firm in Asia...
Month: March 2008
US Durable Goods on Tap
The Greenback continued its bearish trend once again yesterday amidst surprisingly poor economic data. Selling of the dollar could have been forecasted, but was still expected to come much later on this week, if at all. Instead,...
Forexpros Daily Analysis
Today’s US Dollar Trading • USD falls but holds important S/R• US data worse-than-expected but volumes still light• Traders note that stops were the rule today Overnight Preview • Look for reasonable USD follow-through selling • Book-squaring again...
USDCAD Analysis – Mar 26, 2008
Being contained by the previous high resistance at 1.0378, USDCAD pulls back from 1.0307 level. Sideways consolidation is expected before breaking above 1.0378. Key support is now located at 0.9874, a break of this level will signal...
USDCHF Analysis – Mar 26, 2008
No changed in our view, USDCHF formed a cycle bottom at 0.9634 level on daily chart. Further rise to test 1.0352 resistance is still possible in the next several days. Key support is at 0.9634, only break...
USDJPY Analysis – Mar 26, 2008
No changed in our view, USDJPY formed a cycle bottom at 95.77 level on daily chart. Further rebound to test 103.59 resistance is still possible in the next several days. Key support is at 95.77, only break...
AUDUSD Analysis – Mar 26, 2008
AUDUSD is in down trend. Rebound from 0.8953 is treated as correction to the down trend. Deeper decline to retest 0.8512 previous low support is still possible after correction and a break of 0.8953 level will confirm...
GBPUSD Analysis – Mar 26, 2008
GBPUSD is forming a cycle bottom at 1.9736 on daily chart. Consolidation could be seen before breaking below 1.9736 level. Down trend will resume after consolidation, a break down of 1.9736 will signal the resumption of the...
EURUSD Analysis – Mar 26, 2008
EURUSD rebounds from 1.5342 and is forming a cycle bottom on daily chart. Sideways consolidation in a range between 1.5342 and 1.5902 is expected in the next several days. Deeper decline to 1.5000 area is still possible...
Forexpros Daily Analysis
Today’s US Dollar Trading • Quiet volumes and subdued price action• US data encouraging but not market moving• Traders note thin conditions likely to continue Overnight Preview • Look for consolidation and continued two-way trade• No market-moving news...