USDJPY Analysis – June 10, 2009
USDJPY might be forming a cycle top at 98.88 level on daily chart. Deeper decline would more likely be seen in next several days. Near term resistance is located at 98.88, a break above this level will...
Month: June 2009
AUDUSD Analysis – June 10, 2009
AUDUSD might be forming a cycle bottom at 0.7827 level on daily chart. Key resistance is located at 0.8263, a break above this level is needed to confirm the cycle bottom. Near term support is located at...
GBPUSD Analysis – June 10, 2009
GBPUSD failed to test 1.5777 key support and rebounded from 1.5801, suggesting a cycle bottom is being formed on daily chart. Further rally is expected to test 1.6662 key resistance, a break above this level will confirm...
EURUSD Analysis – June 10, 2009
Being contained by 1.3793 support, EURUSD rebounds from 1.3804, suggesting that a cycle bottom is being formed on daily chart. However, a break of 1.4338 key resistance is needed to confirm the cycle bottom.
USD Quivers from Chrysler-Fiat Ordeal
After gathering some positive momentum at the end of last week from US employment data, the US Dollar now faces a new ordeal. As the US Supreme Court attempts to block the sale of Chrysler to Fiat,...
ForexPros.com Daily Analysis — 9 June 2009
EUR/USD Testing Support The pair pulled up from the 1.3800 support level, but has fallen back towards it in early trading today.
Greenback Slips After Posting Its Largest 1 Day Gain
The currency market is focusing on U.S. short-term Interest Rates as talk of a rate increase by the Federal Reserve has emerged. Dealers said that market participants will focus on a slew of Treasuries auctions this week....
USDCAD Analysis – June 6, 2009
USDCAD stays below the falling trend line from 1.2504 to 1.1813 and remains in downtrend from 1.3063. The rebound from 1.0784 is more likely consolidation of downtrend. However, above the trend line resistance will suggest that a...
USDCHF Analysis – June 6, 2009
USDCHF is testing the resistance of the falling trend line from 1.1740 to 1.1264, a break above the trend line resistance will signal further rally to 1.1000 zone. However, the rise from 1.0590 is more likely consolidation...
USDJPY Analysis – June 6, 2009
USDJPY breaks above 97.23 key resistance, suggesting that a cycle bottom has been formed at 93.85 level on daily chart and now the pair is back to range trading between 93.53 and 101.43. Further rally is possible...