USDJPY Analysis – February 6, 2010
USDJPY stays in a falling price channel and remains in downward movement from 93.75. Another fall is still possible next week and target would be at 88.00 area. Resistance is now at the upper border of the...
Month: February 2010
AUDUSD Analysis – February 6, 2010
AUDUSD breaks below 0.8734 support and reaches as low as 0.8577 level. Deeper decline is still possible next week and target would be at 0.8500 area. However, next cycle bottom on daily chart is nearing and bounce...
GBPUSD Analysis – February 6, 2010
GBPUSD breaks below 1.5708 key support and the fall from 1.6456 extends to as low as 1.5558 level, suggesting another decline is underway. Target for next week would be at 1.5200-1.5300 area. Near term resistance is at...
EURUSD Analysis – February 6, 2010
EURUSD continues its downward movement and the fall from 1.5144 extends further to as low as 1.3585 level. Deeper decline is still possible next week and next target would be at 1.3300-1.3400 area. Resistance remains at the...
EURUSD Analysis – February 6, 2010
EURUSD continues its downward movement and the fall from 1.5144 extends further to as low as 1.3585 level. Deeper decline is still possible next week and next target would be at 1.3300-1.3400 area. Resistance remains at the...
Daily Forex Analysis by Finexo.com 05/02/2010
Past events· EUR Minimum Bid Rate out at 1.0%, versus expected 1.0%, prior 1.0%· GBP Official Bank rate out at 0.5%, versus expected 0.5%, prior 0.5%· GBP Asset Purchase facility out at 200B, versus expected 200B, prior...
USD/JPY 89.67 – 5 February 2010
USD/JPY Open 89.34 High 91.06 Low 88.86 Close 88.99Dollar/Yen hesitant trading continued on the 1 hour chart. On Thursday the Dollar weakened against the Yen and fell from 91.06 to the 88.86 bottom, closing the day at...
GBP/USD 1.5696 – 5 February 2010
GBP/USD Open 1.5766 High 1.5918 Low 1.5650 Close 1.5752Pound/Dollar continued descending on Thursday from 1.5918 to 1.5741, closing the day at 1.5752. On the 1 hour chart we have a very well shaped downward channel and our...
Market Volatility Expected to Continue Today as Non-Farm Payrolls Awaits
Following an intense trading session, on which gold dropped below $1,060 an ounce, crude oil declined to $72.40 a barrel and the EUR/USD fell to the 1.3670 level, another exciting trading day is expected before the weekend...
EUR/USD 1.3716 – 5 February 2010
EUR/USD Open 1.3742 High 1.3902 Low 1.3673 Close 1.3723After the significant correction at the beginning of this week, Euro/Dollar declined sharply on Thursday, as expected, from 1.3902 down to 1.3716, closing the day at 1.3723. That put...