GBP/USD 1.6593 – 14 September 2009 GBP/USD Open 1.6667 High 1.6735 Low 1.6551 Close 1.6654 Pound/Dollar tried rising on Friday, reaching a peak at 1.6735, where the upward movement was limited and the Cable fell sharply down...
Euro Dollar As we have expected, the rise stopped between 1.4620 & 1.4667, and from there we have seen a correction that reached 1.4515 until this very moment. We still believe that this correction is targeting 1.4459...
The Dollar is likely to go volatile during and following the speech by President Obama today at 16:00 GMT. Meanwhile, forex traders are advised to take positions on trades, as a few of data releases coming out...
EUR/USD 1.4550 – 14 September 2009 EUR/USD Open 1.4565 High 1.4621 Low 1.4521 Close 1.4581 Euro/Dollar traded hesitantly on Friday, entering into consolidation phase after the strong increasing movements in the previous days, closing the week at...
No changed in our view, USDCAD remains in range trading between 1.0632 and 1.1124. Another rise towards the upper border of the price channel to reach next cycle top on daily chart is still in favor, and...
USDCHF broke below 1.0366 (Dec 29, 2008) support, deeper decline is now in favor and next target would be at 1.0200-1.0300 area. Near term resistance is at the falling trend line on daily chart, as long as...
As expected, USDJPY broke below 91.73 previous low support, further fall to 88.00-90.00 area to reach next cycle bottom on daily chart is possible next week and the next cycle bottom is nearing. Key resistance is now...
AUDUSD remains in uptrend from 0.6248, and the rise extends to as high as 0.8674 level. Further rally is still possible next week and next target would be at 0.8900-0.9000 area. Key support is at 0.8155, as...
GBPUSD broke above 1.6663 key resistance, suggesting that the fall from 1.7042 has completed at 1.6113 level already. Range trading between 1.6113 and 1.7042 is expected in a couple of weeks. Key resistance is now located at...
EURUSD broke above 1.4447 resistance and the uptrend from 1.3748 extended to the upper border of the rising price channel on daily chart. A clear break above the channel resistance will signal a great move towards 1.5100-1.5200...
