USDCHF Analysis – May 22, 2010
USDCHF remains in uptrend from 1.0434 and the rise extended to as high as 1.1585 level. Further rally is still possible next week and next target would be at 1.1800 area. Support is at 1.1350, as long...
Month: May 2010
USDJPY Analysis – May 22, 2010
USDJPY’s fall from 93.62 extends to as low as 88.98 level. As long as 88.14 key support holds, we’d expect uptrend to resume and another rise towards 94.98 is still possible. Resistance is now at 91.00, a...
AUDUSD Analysis – May 22, 2010
AUDUSD broke below the trading range between 0.8577 and 0.9404, and reached as low as 0.8071 level. Deeper decline is still possible after a minor consolidation and next target would be at 0.7800 area. Resistance is now...
GBPUSD Analysis – May 22, 2010
GBPUSD has reached the lower border of the falling price channel on daily chart. Minor consolidation of downtrend from 1.5522 would more likely be seen and range trading between 1.4230 and 1.4800 is expected in a couple...
EURUSD Analysis – May 22, 2010
After breaking below 1.2329 (Oct 28, 2008 low) previous low, EURUSD bounced from 1.2144, suggesting that a cycle bottom is being formed on daily chart. Range trading between 1.2144 and 1.3000 would more likely be seen in...
EUR/GBP candlestick analysis for 21/05/2010
At 1-hour chart of EUR/GBP there was formed an “Evening Star” combination which gives a signal of the downward movement. In addition, this candlestick formed near the resistance level 0.8780-0.8790 where also stood Fibonacci correction level 50.0.
Analytical review of EUR/USD. Forecast for Friday, May 21
A confident pair growth in the second part of the day on Thursday led to setting of a new local maximum of 1.2596, though many market participants were skeptical about this uprise since they are bounding it...
Major Currencies’ Midday Report
EURUSD The pair continued downs downside correction reaching 38.2% Fibonacci that meets with the 50 MA. The ability of this level to hold the pair to the upside will help activate the bullish scenario expected for today....
Key Levels
USDCAD: In our analysis Wednesday we talked about the potential for huge price action if the CAD cleanly breaks above the 200 day MA and we certainly saw that yesterday. This move is significant for 3 reasons....
USD/JPY 90.15 – 21 May 2010
USD/JPY Open 89.42 High 91.87 Low 89.05 Close 89.62Dollar/Yen made a significant decrease on Thursday, in line the Interbank sentiment at around -23%. The currency couple depreciated from 91.87 down to 89.05, closing the day at 89.62....