It was a mixed day for the Global Equity Markets on Friday following Dubai’s debt default announcement the day before. The markets in Asia continued to sell off while in Europe they apparently felt the exposure was...
Moving Averages – they are not so averageEUR/USD and USD/CHFOn Thursday of last week we saw the EUR and CHF finally break near term resistance. The EUR cleanly sliced through 1.50 and took out near term resistance...
Forexpros Daily Analysis Nov 30, 2009 ISM Manufacturing Index The U.S. Institute of Supply Management (ISM) will publish its monthly Manufacturing Index tomorrow (Dec 1).
USDCAD traded in range between 1.0416 and 1.0852. As long as 1.0852 resistance holds, we’d expected downtrend to resume and another fall towards 1.000 would more likely be seen. Only rise above 1.0852 will indicate lengthier correction...
USDCHF stays in a falling price channel on daily chart and remains in downtrend from 1.1021. As long as the channel resistance holds, downtrend is expected to continue and deeper decline towards 0.9850 is still possible next...
USDJPY dropped sharply and broke below 87.12 (Jan 21 low). However, the fall from 101.43 is limited by the lower border of falling price channel on daily chart. Range trading between 84.82 and 90.00 would more likely...
AUDUSD breaks below support of the lower border of rising price channel on daily chart, suggesting that the upward trend from 0.7703 may have completed at 0.9404, and the following pullback could take price to 0.8500 zone,...
GBPUSD might be forming a cycle top at 1.6875 level on daily chart. Key support is located at 1.6251, a breakdown below this level will confirm the cycle top and indicate that the rise from 1.5708 has...
EURUSD stays in a rising price channel on daily chart. Uptrend is expected to continue next week as long as channel support holds, and next target would be at 1.5200-1.5250 area. On the other side, key support...
USD/JPY Open 85.10 High 87.46 Low 84.89 Close 86.52On Thursday Dollar/Yen continued the downward movement, reaching a bottom at 84.89, and closing the day at 86.52. Of the 3 hour chart the currency couple broke down the...
