GBPUSD Analysis – October 25, 2009
GBPUSD broke above the falling trend line from 1.7042 to 1.6741 and is under pressure by 1.6741 resistance. Now the pair might be forming a cycle top at 1.6692 level on daily chart. Pullback to retest 1.5708...
Month: October 2009
EURUSD Analysis – October 25, 2009
EURUSD stays in a rising price channel on daily chart and remains in uptrend from 1.3748, and the rise has extended further to 1.5060 level. As long as the channel support holds, uptrend is expected to continue...
GBP/USD 1.6657 – 23 October 2009
GBP/USD Open 1.6611 High 1.6693 Low 1.6493 Close 1.6619 On Thursday Pound/Dollar made a significant downward correction down to the 1.6493 bottom, from where the Cable started recovering, closing the day at 1.6619. The British currency seemed...
The Dollar Resumes Broad Slide towards 2008 Lows
The USD surrendered slim gains on Friday, resuming its bearish momentum against a basket of currencies on expectations Interest Rates will remain low in the U.S. Low rates make the U.S. Dollar less attractive than higher-yield currencies...
What is the direction of highest probability today? (23/10/09)
by Johan Kriek (jkriek@fxinstructor.com) Key events today: Eurozone PMI @ 8:00GMT UK GDP @ 08:30GMT US Existing Home Sales @ 14:00 Probability Studies:
EUR/USD 1.5022 – 23 October 2009
EUR/USD Open 1.5029 High 1.5058 Low 1.4948 Close 1.5027 On Thursday Euro/Dollar made insignificant ascending movement with just over 100 pips. The currency couple tried to drop, reaching a bottom at 1.4948, from where it started ascending...
USD/JPY 91.24 – 22 October 2009
USD/JPY Open 90.91 High 91.57 Low 90.50 Close 90.97 On Wednesday Dollar/Yen traded with volatility upwards. On the 3 hour chart the downward channel was broken upwards, indicating failure of the bears and strengthening of the Dollar,...
GBP/USD 1.6585 – 22 October 2009
GBP/USD Open 1.6610 High 1.6636 Low 1.6349 Close 1.6606 On Wednesday Pound/Dollar climbed with nearly 300 pips, from the 1.6349 bottom to the 1.6636 top, where rising was limited at the upper limit of the bearish channel,...
Dollar Tumbles as Investors Turn to Riskier Assets
Witnessing a steady decline during this week’s trading sessions, the USD became weakened as traders unwound their Dollar-buy positions in exchange for riskier assets, such as stocks. The global stock rally seen yesterday may have been one...
What is the direction of highest probability today? (22/10/09)
by Johan Kriek (jkriek@fxinstructor.com) Key events today: – Eurozone Current Account @ 8:00GMT – UK Retail Sales @ 08:30GMT – US Jobless Claims @ 12:30GMT – US House Price Index @ 14:00 GMT Probability Studies: