USDCHF Analysis – Feb 7, 2009
USDCHF is in medium term uptrend. Further rise is still possible to 1.2000 zone in a couple of weeks. Key support is located at 1.1313, only fall below this level will indicate that the medium term uptrend...
Month: February 2009
USDJPY Analysis – Feb 7, 2009
USDJPY continues the sideways consolidation in a range between 87.12 and 94.61. Further rally to test the previous high resistance at 94.61 would more likely be seen next week, a break above this level will indicate that...
AUDUSD Analysis – Feb 7, 2009
AUDUSD breaks above the key resistance at 0.6729, suggesting that a cycle bottom has been formed at 0.6248 on daily chart. Further rise is now in favor, and the target would be at 0.7100 zone. Key support...
GBPUSD Analysis – Feb 7, 2009
GBPUSD formed a cycle bottom at 1.3503 level on daily chart. Further rise towards 1.5400 area to reach the next cycle top is expected in a couple of weeks. Initial support is located at 1.4050, only fall...
EURUSD Analysis – Feb 7, 2009
No changed in our view, EURUSD remains in medium downtrend. Deeper decline is still possible next week. The next target would be at 1.2500-1.2600 area. Key resistance is now located at 1.3329, only rise above this level...
USD Heads Higher Before the All Important U.S. Non-Farm Payrolls Release
The Dollar consolidated gains against the EUR and JPY before the high impact U.S. Non-Farm Payrolls Report is released today. This indicator always provides for extreme market volatility in the major currency pairs. Traders may find good...
USDCHF Analysis – Feb 6, 2009
USDCHF breaks above 1.1714 resistance, suggesting that the medium term uptrend from 1.0366 has resumed. Further rise is now in favor and the next target would be at 1.2000 zone. Key support is at 1.1313, only fall...
Forexpros.com Daily Analysis
Today’s US Dollar Trading • USD gains but off the highs, stops help drive trade• Volumes still lighter• Majors hold S/R suggesting more two-way action
European and British Rate Cuts Expected Today!
Most currencies, with the exception of a few, have been leveling off lately in anticipation of today’s interest rate decisions in Europe and Britain. The European Central Bank (ECB) has been forecast to maintain its current rate...
Forexpros.com Daily Analysis
Today’s US Dollar Trading • Equities gain, lifts EURO and USD/JPY• Volumes lighter, stops seen in most pairs• US data mixed but create some optimism