GBPUSD Analysis – Aug 6, 2008
GBPUSD broke below 1.9647 support and reached as low as 1.9521 level. Deeper decline to test 1.9337 (Jan 22 low) is now in favor, and break down below this level signal further fall towards 1.9000 level. Initial...
Month: August 2008
EURUSD Analysis – Aug 6, 2008
EURUSD’s down trend remains and the fall from 1.6038 extends further to as low as 1.5445 level. Deeper decline to test 1.5284 previous low support is still possible in next several days. Near term resistance is at...
USD Pulls To New Recent High Ahead Of Today’s FOMC Meeting
Fed is Expected to Hold Fed-Funds Rate Steady. Yesterday the greenback saw rising trends against its major currency counterparts; however it failed to appreciate substantially against the EUR. The oft-traded currency pair approached a 6 week low...
Forexpros.com Daily Analysis – 5/08/08
Today’s US Dollar Trading• USD starts mixed then rallies• USD/CAD rallies to a new high• Volumes moderate Overnight Preview• Likely early follow-on buying of USD• Should be quiet ahead of FOMC Looking Ahead to ThursdayAll times EASTERN (-5 GMT)• 10:00am USD ISM Non-Manufacturing...
USDCAD Analysis – Aug 2, 2008
USDCAD’s up trend from 0.9974 extends further to as high as 1.0296 level. Further rise towards the long term key resistance at 1.0378 (Jan 22 high) is still in favor. Initial support is at 1.0150 only fall...
USDCHF Analysis – Aug 2, 2008
USDCHF is testing the previous high resistance at 1.0539, a break of this level will confirm the resumption of long term up trend from 0.9634 (Mar 17 low). Key support is now located at 1.0314, only fall...
USDJPY Analysis – Aug 2, 2008
Being contained by the previous high resistance at 108.58, USDJPY formed a sideways consolidation in a narrow range between 107.28 and 108.37. Initial support is at 106.57, as long as this support holds, we’d expect up trend...
AUDUSD Analysis – Aug 2, 2008
AUDUSD drops sharply to as low as 0.9285 level. Further fall towards 0.8953 (Mar 20 low) is still possible. Initial resistance is now at 0.9475, only rise above this level will turn price back to up trend.
GBPUSD Analysis – Aug 2, 2008
GBPUSD formed a cycle top at 2.0158 on daily chart and is now in down trend. Deeper decline to test 1.9337 (Jan 22 low) is still possible, and a break below 1.9647 will confirm such case. Key...
EURUSD Analysis – Aug 2, 2008
EURUSD is in down trend and the fall from 1.6038 extends further to 1.5515 level. Deeper decline is still possible to test 1.5302 previous low support. Initial resistance is at 1.5768, as long as this resistance holds,...