USDJPY Analysis – January 23, 2010
USDJPY’s fall from 93.75 extends to as low as 89.78 level. Deeper decline is still possible next week and next target would be at 89.00 or even 88.00. Resistance is at 91.00, as long as this level...
Month: January 2010
AUDUSD Analysis – January 23, 2010
AUDUSD failed to break above 0.9404 resistance and pulled back from 0.9327 level, suggesting that a cycle top had been formed on daily chart. Pullback towards 0.8734 previous low would more likely be seen next week.
GBPUSD Analysis – January 23, 2010
GBPUSD’s bounce from 1.5829 reaches 1.6456 level only. The subsequent pullback suggests that a cycle top is being formed on daily chart. Deeper decline to test 1.5829 key support is expected next week. A breakdown below this...
EURUSD Analysis – January 23, 2010
As expected, EURUSD formed a cycle top at 1.4579 level on daily chart. Deeper decline is now in favor and next target would be at 1.3800 area. Resistance is at 1.4250, as long as this level holds,...
Using Bollinger Bands
One of the more popular technical indicators in use today is Bollinger Bands. Created by John Bollinger in the early 1980s, this tool is essentially a Moving Average with a volatility filter.
USD/JPY 90.55 – 22 January 2010
USD/JPY Open 90.38 High 91.87 Low 89.78 Close 90.39Dollar/Yen climbed to the 91.87 top on Thursday, from where made a sharp drop down to 89.78 bottom, as a result of the US president Obama’s proposal for financial...
GBP/USD 1.6246 – 22 January 2010
GBP/USD Open 1.6197 High 1.6392 Low 1.6200 Close 1.6195Pound/Dollar decreased on Thursday, as expected, from the 1.6312 top down to the 1.6125 bottom, closing the day at 1.6195. This morning, however, the Cable recovered almost all losses...
Daily Forex Analysis by Finexo.com 22/01/2010
MAJOR HEADLINES – PREVIOUS SESSION * US Weekly Initial Jobless Claims out at 482k vs. 440k expected and revised 446k prior * US Continuing Claims out at 4599k vs. 4598k expected and revised 4617k prior * US...
Crude at 1-Month Low on U.S. Demand Concerns
Crude Oil fell for a second straight session Thursday and ended 2% lower, to trade near $76 a barrel despite a drop in U.S. crude supplies as concerns over Chinese growth dampened appetite for riskier currencies and...
EUR/USD 1.4131 – 22 January 2010
EUR/USD Open 1.4092 High 1.4145 Low 1.4034 Close 1.4085Euro/Dollar traded hesitantly on Thursday within the 1.4145 – 1.4034 range, closing the day at 1.4085. The currency couple moved close to the key support level at 1.4034, and...