USDCHF Analysis – February 20, 2010
USDCHF remains in uptrend from 1.0132 and the rise extends further to as high as 1.0898 level. Further rally is still possible next week and next target would be at 1.1000 area. However, next cycle top is...
Month: February 2010
USDJPY Analysis – February 20, 2010
USDJPY broke above the falling price channel on daily chart and bounced sharply to as high as 92.14, suggesting that a cycle bottom has been formed at 88.57 level. Another rise towards 95.00 is now in favor....
AUDUSD Analysis – February 20, 2010
After breaking below 0.8734 support, AUDUSD bounced from 0.8577, taking price back to a trading range between 0.8577 and 0.9404. Further rally to 0.9200-0.9300 would more likely be seen after a minor consolidation. Key support is at...
GBPUSD Analysis – February 20, 2010
GBPUSD’s downtrend extends to as low as 1.5350 level. Further fall is still possible next week and next target would be at 1.5150 area. Key resistance is now located at 1.5815, as long as this level holds,...
EURUSD Analysis – February 20, 2010
EURUSD’s downward movement extends further to as low as 1.3443 level. Further decline is still possible next week and next target would be at 1.3300-1.3400 area. However, next cycle bottom is nearing, a break above 1.3838 key...
GBP/USD Market Moving News by AceTrader
Forex News-Gbp/usd – 1.5385 …The British pound extended recent decline to 1.5345 after the release of much weaker-than-expected U.K. January retail sales data which came in at -1.8% m/m n 0.9% y/y versus the economists’ forecast of...
GBP/USD 1.5423 – 19 February 2010
GBP/USD Open 1.5431 High 1.5817 Low 1.5370 Close 1.5528Pound/Dollar continued decreasing yesterday on bad UK’s public financial data and US economic improvement. The Cable dropped from 1.5687 to 1.5414, closing the day at 1.5528. Expectation today are...
Interest Rates
Fundamental Analysis Next to technical analysis, fundamental analysis is what most traders will look to for their trading analysis.
Dollar Skyrockets after Federal Reserve Increases Discount Rate
The Dollar surged in value versus the euro after the Federal Reserve surprised the forex market late yesterday by raising a key interest rate. This may be the first stage in rolling back its stimulus packages enacted...
EUR/USD 1.3488 – 19 February 2010
EUR/USD Open 1.3468 High 1.3645 Low 1.3449 Close 1.3526The significant rise of Euro/Dollar at the beginning of this week is considered as correctional movement of the main bearish channel formed on the 3 hour chart. On Thursday...