Relative Strength
Relative strength can mean alot of things in the financial markets as there are more than a few technical tools using this title to describe what they attempt to do.
Month: February 2010
USDCAD Analysis – February 27, 2010
USDCAD continues its sideways movement in a range between 1.0206 and 1.0852. Lengthier consolidation in the trading range is still possible in a couple of weeks and one more fall to 1.0250-1.0350 area is expected next week.
USDCHF Analysis – February 27, 2010
USDCHF remains in uptrend from 1.0132 and the pullback from 1.0898 is more likely consolidation of uptrend. Range trading between 1.0608 and 1.0898 is expected next week. As long as 1.0608 support holds, one more rise towards...
USDJPY Analysis – February 27, 2010
USDJPY dropped sharply from 92.14, suggesting that a cycle top has been formed on daily chart. Another fall towards 84.82 previous low is now in favor and a breakdown below 88.57 support will confirm such case.
AUDUSD Analysis – February 27, 2010
AUDUSD might be forming a cycle top at 0.9070 level on daily chart. Pullback to 0.8700-0.8750 area would more likely be seen in a couple of week. As long as 0.8577 support holds, we’d expected uptrend to...
GBPUSD Analysis – February 27, 2010
GBPUSD remains in downtrend from 1.6456. Further decline is still possible next week and next target would be at 1.5000 area. Resistance is now located at the upper border of the falling price channel on daily chart,...
EURUSD Analysis – February 27, 2010
EURUSD remains in downward movement from 1.5144 and the bounce from 1.3443 is more likely consolidation of downtrend. Range trading between 1.3443 and 1.3838 is expected next week. As long as 1.3838 resistance holds, another fall towards...
USD/JPY 89.39 – 26 February 2010
USD/JPY Open 89.26 High 90.30 Low 88.84 Close 89.04Dollar/Yen continued depreciating on Thursday from the 90.30 top, down to the 88.84 bottom, closing the day at 89.04. The Dollar showed weakness against the Yen this week as...
GBP/USD 1.5293 – 26 February 2010
GBP/USD Open 1.5237 High 1.5420 Low 1.5194 Close 1.5261Pound/Dollar continued depreciating on Thursday, as expected, from 1.5420 down to 1.5194, closing the day at 1.5261. Today’s focus is on the GDP Q4 at 9:30 GMT. As on...
Daily Forex Analysis by Finexo.com 26/02/2010
Past events: • GBP CBI Realized out at 23, versus expected -1, prior -8• USD Core Durable Goods Orders m/m out at -0.6%, versus expected 1.1%, prior 2.0%• USD Unemployment Claims out at 496K, versus expected 461K,...