Forexpros Daily Analysis Oct 27, 2009

by forexpros.com | October 27, 2009 12:17 pm
The U.S. Census Bureau will publish the Monthly Core Durable Goods Orders report tomorrow (Oct 27th ).The report measures the change in the total value of new orders for durable goods, excluding transportation.Because aircraft orders are very...

USD/JPY 91.84 – 27 October 2009

by ForexCycle.com | October 27, 2009 11:05 am
USD/JPY Open 92.24 High 92.32 Low 91.57 Close 92.22 On Monday Dollar/Yen decreased down to 91.57, from where renewed its upward trend to 92.29, closing the day at 92.22. Signals are expected to be rising for now,...

GBP/USD 1.6357 – 27 October 2009

by ForexCycle.com | October 27, 2009 9:07 am
GBP/USD Open 1.6290 High 1.6394 Low 1.6254 Close 1.6315 As US stocks slid on Monday the Pound was seriously harmed like the other majors. The pair reached the 1.6254 bottom yesterday, closing the day at 1.6305. On...

CB Consumer Confidence Figures Set to Dominate USD Trading

by ForexCycle.com | October 27, 2009 8:25 am
Dollar trading today is set to be dominated by key releases from the U.S., such as the CB Consumer Confidence figures at 14:00 GMT. The speech by Treasury Secretary Timothy Geithner at 20:00 GMT is also set...

EUR/USD 1.4879 – 27 October 2009

by ForexCycle.com | October 27, 2009 6:43 am
EUR/USD Open 1.4855 High 1.5059 Low 1.4948 Close 1.4870 On Monday Euro/dollar climbed to the 1,5059 top, than collapsed to the 1.4846 bottom, as expected, where the bears are limited for now, and the currency couple closed...

The EUR/USD Trades Past $1.50 First Time in 14 Months

by ForexCycle.com | October 26, 2009 8:05 am
The U.S dollar fell against the EUR and the Yen in Asian trading this morning after an official newspaper of the Chinese central bank said China should cut its USD holdings, adding to concerns over the unit’s...

USDCAD Analysis – October 25, 2009

by ForexCycle.com | October 25, 2009 1:03 am
USDCAD remains in downtrend from 1.1723 and the rise from 1.0206 is more likely consolidation of downtrend. Range trading between 1.0206 and 1.0700 is expected. Another fall is still possible after consolidation and a break below 1.0206...

USDCHF Analysis – October 25, 2009

by ForexCycle.com | October 25, 2009 1:01 am
No changed in our view, USDCHF stays in the falling price channel and continues its downward trend from 1.1021. Deeper decline remains in favor and next target would be at 0.9800-0.9900 area. Resistance is now at 1.0230,...

USDJPY Analysis – October 25, 2009

by ForexCycle.com | October 25, 2009 1:00 am
USDJPY has formed a cycle bottom at 88.01 level on daily chart. Further rise is now in favor and next target would be at the upper border of the price channel on daily chart, a clear break...

AUDUSD Analysis – October 25, 2009

by ForexCycle.com | October 25, 2009 12:59 am
AUDUSD has reached the upper border of the rising price channel on daily chart. Minor consolidation would more likely be seen in next several days. However, uptrend is expected to continue after consolidation and 0.9500 remains the...