USDJPY Analysis – Jul 9, 2008
USDJPY formed a cycle bottom at 104.98 on daily chart. Further rise is expected to test 108.58 previous high resistance, a break above this level will confirm the resumption of uptrend, and next target would be at...
Month: July 2008
AUDUSD Analysis – Jul 9, 2008
AUDUSD is forming a cycle top at 0.9667 on daily chart. Key support is at 0.9493, a break below this level will confirm the cycle top. As long as the pair stays above 0.9493, we’d expect uptrend...
GBPUSD Analysis – Jul 9, 2008
GBPUSD pulled back sharply from 2.0006 and reached as low as 1.9647. Deeper decline to 1.9550 area is expected in a couple of days. However, one more rise above 2.0006 to form the next cycle top is...
EURUSD Analysis – Jul 9, 2008
EURUSD is forming a cycle top at 1.5908 on daily chart. Key support is located at 1.5535 level, a break below this level will confirm the cycle top and encourage further pullback to retest 1.5302 previous low...
Volatile Trading Leads to Major Sell-Off for the USD
The USD saw a bearish trading session yesterday. Although no economic data was released with an impact, the USD was mostly affected by speculations. Impacting the greenback was the wary economic outlook from a Federal Reserve official...
The Forexpros.com Daily Analysis 08-07-2008
oday’s US Dollar Trading •G8 Summit begins•USD gives back early gains•Technical trade dominates Overnight Preview •Expect two-way action with the USD to cover a lot of the same ground again Looking Ahead to TuesdayAll times EASTERN (-5 GMT)•8:00am...
forexpros.com daily analysis
Overnight Asia/Europe •G8 Summit begins•USD rallies•Crude Oil lower Today’s Economic ReportsAll times EASTERN (-5 GMT)•None in the US Looking AheadAll times EASTERN (-5 GMT)•8:00am USD Fed Chairman Bernanke Speaks•10:00am USD Pending Home Sales•10:00am USD Wholesale Inventories
USDCAD Analysis – Jul 5, 2008
USDCAD is forming a sideways consolidation in a range between 1.0048 and 1.0322, one more fall below 1.0048 would more likely be seen to complete the consolidation. However, a break above 1.0322 will signal resumption of long...
USDCHF Analysis – Jul 5, 2008
Being contained by the support of the price channel, USDCHF rebounded from 1.0111. The pair might be forming a cycle bottom on daily chart. Further rise to test 1.0539 previous high resistance is still possible in next...
USDJPY Analysis – Jul 5, 2008
USDJPY might be forming a cycle bottom at 104.98 on daily chart. Further rise to test 108.58 previous high resistance is expected, a break above this level will confirm the cycle bottom, and next target would be...