AUDUSD Analysis – Jun 18, 2008
AUDUSD is in consolidation to up trend. Further fall to test 0.9275 support is still possible in next few days, a break below this level will signal reversal to up trend. As long as 0.9275 support holds,...
Month: June 2008
GBPUSD Analysis – Jun 18, 2008
GBPUSD is forming a sideways consolidation in a range between 1.9363 and 1.9852, and will move without trend in this range in next few days. As long as 1.9363 support holds, we’d expect up trend to resume...
EURUSD Analysis – Jun 18, 2008
Being contained by 1.5284 previous low support, EURUSD rebounded from 1.5302. The rise is treated as consolidation to down trend. Deeper decline to 1.5000 area is still possible, and down trend will be confirmed by breaking below...
Forexpros.com Daily Analysis – 17/06/08
Today’s US Dollar Trading• USD retreats from Friday’s gain• US data benign—points to more losses• Speculation grows that USD will fall Overnight Preview• Look for the USD to consolidate• Expect two-way action Looking Ahead to TuesdayAll times EASTERN...
The USD Continues To Be Under Pressure
Yesterday the EUR/USD par experienced a highly volatile trading session and ultimately closed at 1.5466. This closing price represented almost a 90 pip loss for the Dollar versus the Euro. Early morning trading in Asia added another...
The Greenback Might Extend It’s Bullishness vs. Rivals
The Greenback saw substantial growth last week versus a basket of it currency rivals, most notably against the Euro. The USD gained nearly 500 pips versus its cross-Atlantic counterpart, as the oft-traded EUR/USD pair saw its biggest...
USDCAD Analysis – Jun 14, 2008
USDCAD is testing 1.0326 previous high resistance. Consolidation would more likely be seen in next few days. Up trend will resume after consolidation and rise to 1.0750 is expected to follow. Key support is at 0.9818, only...
USDCHF Analysis – Jun 14, 2008
USDCHF formed a cycle bottom at 1.0147 on daily chart. Further rally to 1.0800 area is possible in next few day. Initial support is at 1.0300 and key support is at 1.0147, only break of the key...
USDJPY Analysis – Jun 14, 2008
USDJPY is in up trend. Further rise to 110.00 area to reach next cycle top on daily chart is still possible. Initial support is at 106.55 and key support is at 103.87, only break down below 103.87...
AUDUSD Analysis – Jun 14, 2008
AUDUSD broke below the up trend line from 0.8953 to 0.9291. Deeper decline to test 0.9275 level is still possible next week. As long as 1.9275 support holds, we’d expect up trend to resume and rise above...