AUDUSD Analysis – Jul 5, 2008
AUDUSD is forming a sideways consolidation in a range between 0.9493 and 0.9667. A break below 0.9493 level will indicate that a cycle top has been formed at 0.9667 on daily chart, and deeper decline could be...
Month: July 2008
GBPUSD Analysis – Jul 5, 2008
GBPUSD is in up trend. The pullback from 2.0006 is treated as consolidation to uptrend. Initial support is at 1.9700, as long as this support holds, we’d expect up trend to resume, and further rise towards 2.0200...
EURUSD Analysis – Jul 5, 2008
EURUSD broke above 1.5843 resistance and reached 1.5908 only. The pair might be forming a cycle top on daily chart and the fall from 1.5908 could possibly be resumption of down trend. Deeper decline to retest 1.5302...
Crude Oil at Peak High Ahead Of the Long US Holiday Weekend
The USD appreciated against all of the major currencies during yesterday’s trading session. The US Dollar gained over 160 points versus the EUR and closed at a rate of 1.5702. This happened in spite of the mostly...
Forexpros.com Daily Analysis – 3/07/08
Today’s US Dollar Trading• The Greenback whipsaws, ends weaker• EURO holds 1.5800 handle with conviction• Volumes lighter Overnight Preview• Traders look for a quiet evening ahead of Thursday• Expect volatility Looking Ahead to ThursdayAll times EASTERN (-5...
Peak Crude Oil Prices Enhances Bearishness in USD
Yesterday the USD saw bearish trends against most of its major currency counterparts. The USD fell 34 points vs. the Euro, setting the EUR\USD rate at 1.5794. The USD also depreciated against the GBP, and underwent a...
USDCAD Analysis – Jul 2, 2008
USDCAD rebounded from 1.0048. Further rise to test 1.0322 is still possible in a couple of days, a break of this level will signal resumption of long term up trend. As long as the pair stays below...
USDCHF Analysis – Jul 2, 2008
USDCHF broke below 1.0147 support and reached 1.0129 level. Deeper decline could be seen to 1.0000-50 area. Key resistance is at 1.0539, only break of this level will signal resumption of long term up trend.
USDJPY Analysis – Jul 2, 2008
No changed in our view, USDJPY broke below the price channel support and formed a cycle top at 108.58 on daily chart. Deeper decline to test 102.58 support is still possible. Key resistance is located at 108.58,...
AUDUSD Analysis – Jul 2, 2008
AUDUSD broke above 0.9653 resistance and reached 0.9667 only. Key support is located at 0.9493, a break below this level will indicate that a cycle top has been formed at 0.9667 on daily chart, and deeper decline...