USDCAD Analysis – May 31, 2008
No changed in our view, USDCAD is forming a sideways consolidation in a range between 0.9709 (Feb 28 low) and 1.0378 (Jan 22 high). Initial bias is on down side and deeper decline is expected to retest...
Month: May 2008
USDCHF Analysis – May 31, 2008
USDCHF rebounded from 1.0214 and reached as high as 1.0526. As long as 1.0623 resistance holds, we’d expect down trend to resume and pullback to test 0.9870 support is still possible. Initial support is located at 1.0214,...
USDJPY Analysis – May 31, 2008
As expected, USDJPY broke above 105.70 previous high resistance. Further rise to 106.60 area to reach the next cycle top on daily chart is expected next week, and the next cycle top is nearing. Near term support...
AUDUSD Analysis – May 31, 2008
No changed in our view, AUDUSD is in up trend. Pullback from 0.9653 is treated as consolidation to the up trend. Further rally to 1.0000 area is expected after consolidation and a break of 0.9653 level will...
GBPUSD Analysis – May 31, 2008
GBPUSD is in up trend. Pullback from 1.9852 is treated as consolidation to the up trend. Further rise to test 2.0029 resistance is still possible after consolidation. Near term support is at 1.9672, fall below this level...
EURUSD Analysis – May 31, 2008
EURUSD dropped sharply from 1.5818 and formed a cycle top on daily chart. The fall from 1.5818 could possibly be resumption of the long term down trend. Further pullback to test 1.5284 previous low support is expected...
USD Is Up Ahead Of The GDP Data
Yesterday, the greenback saw bullish trends against most of its major counterparts following positive economic news from the U.S. The EUR\USD was traded as low as 1.5620. The USD was also bullish against the rest of the...
Forexpros.com Daily Analysis
Today’s US Dollar Trading • USD starts lower in Asia, rallies in Europe• Rallies on Durables data then fades• Ends New York Mixed Overnight Preview • Look for the USD to continue under pressure ahead of GDP tomorrow•...
Forexpros.com Daily Analysis – 28/05/08
Today’s US Dollar Trading • USD starts slow; makes a show for strength in NY• US data mixed and of little help• Traders await more tomorrow Overnight Preview • Look for a rally in the USD overnight• Lack...
USDCAD Analysis – May 28, 2008
No changed in our view, USDCAD is forming a sideways consolidation in a range between 0.9709 (Feb 28 low) and 1.0378 (Jan 22 high). Deeper decline is expected to retest 0.9709 level, and break below this level...