Key Levels
As the U.S Dollar continues to trade in a weak range, technicians will be looking for breaches of key levels which may suggest Dollar weakness will continue.
Month: June 2010
Major Currencies’ weekly Report 21/ June /2010
EURUSDThe pair continued the bullish wave, shown in the previous weekly report nearing from resistance for the main descending channel that meets with 38.2% Fibonacci correction at 1.2565.Â
Crude Oil weekly Report 21/ June /2010
The price continues trading regularly within the bullish channel that will lead crude to ascend after breaching the neckline for the mentioned bullish technical pattern at 75.75.
EUR/USD 1.2419 – 21 June 2010
EUR/USD Open 1.2407 High 1.2460 Low 1.2245 Close 1.2382On Friday Euro/Dollar traded hesitantly and with partial downward correction. The European currency depreciated from 1.2413 to 1.2357 on Friday, in line with the Interbank sentiment projection, at around...
Daily Market Outlook by AceTrader
Market Review – 19/06/2010 01:11 GMTEuro hovers near 3-week high on short-coveringEuro ended Friday’s trading with a biggest weekly gain since May 2009 due to broad-based rebound in global equities and recent worries over European debt crisis...
USDCAD Analysis – June 19, 2010
USDCAD remains in downtrend from 1.0852 and the fall extends to as low as 1.0206. Deeper decline is still in favor and next target would be at 1.0100 area. Resistance is at the downtrend line from 1.0852...
USDCHF Analysis – June 19, 2010
USDCHF dropped sharply to as low as 1.1081 level, suggesting that the rise from 0.9917 (2009 low) has completed at 1.1730 already. Deeper decline is still possible next week and next target would be at 1.0800-1.0900 area....
USDJPY Analysis – June 19, 2010
No changed in our view, USDJPY is forming a sideways consolidation in a range between 88.14 and 94.98. Another rise towards 94.98 previous high would more likely be seen before breaking below 88.14 key support.
AUDUSD Analysis – June 19, 2010
AUDUSD broke above 1.8550 key resistance and reached as high as 0.8729. Further rally is still possible next week and next target would be at 0.9000 area. Support level is at 0.8505, as long as this level...
GBPUSD Analysis – June 19, 2010
GBPUSD’s bounce from 1.4230 extends further to as high as 1.4885. Now the pair is facing the upper boundary of the rising price channel. Pullback would more likely be seen next week. Support is now at the...