Analytical Review for EUR/USD with an Outlook for August 30, 2010
On Friday, the European currency uprose against the US dollar amid declaration of the US FRS Chairman Ben Bernanke about an intent to support the economic recovery.
Month: August 2010
Forexpros.com Daily Analysis – 30/08/2010
ForexPros Daily Analysis August 30, 2010 Euro Dollar The Euro reached a new weekly high on Friday at 1.2777, before retreating around 50 pips by the closing time. With this, the Euro continues to rise slowly, without...
GBP JPY in Depth
Areas of 76.4% Fibonacci held against the pair downside attempts within the descending channel over medium term basis; the pair rebounded to the upside towards the channel’s resistance where it neared those areas and settled for 137.75...
Crude Oil weekly Report 30/ August /2010
Crude appreciated strongly after settling above the previously breached downside channel’s resistance levels, affected by the rising technical pattern that witnessed a breach for its neckline at 73.95 along with the momentum indicator’s entering overbought areas. Accordingly,...
Major Currencies’ weekly Report 30/ August /2010
EURUSDThe pair fluctuated near the previously breached pivot support levels at 1.2730, with attempts to stabilize above it. Note that, the last week’s closing level was exactly at these levels, accordingly, preserving our expectations of adownside wave during this week, supported...
Summer Trading Will Soon End
Friday came and went with all the force of a feather. The currencies and the broad markets traded in rather tight ranges most of the day putting into focus the amount of caution that prevails and the...
USDCAD Analysis – August 29, 2010
Being contained by 1.0676 resistance, USDCAD dropped back from 1.0666, suggesting that a cycle top is being formed on daily chart. Pullback towards the uptrend line from 1.0107 and 1.0247 would more likely be seen next week....
USDCHF Analysis – August 29, 2010
USDCHF remains in downward move from 1.1730. Resistance is at 1.0450, as long as this level holds, downtrend is expected to continue and next target would be at 1.0100 area. Key resistance is at 1.0675, only break...
USDJPY Analysis – August 29, 2010
USDJPY may be forming a cycle bottom at 83.62 level on daily chart. Key resistance is at the falling trend line from 92.88 to 88.11, a clear break above the trend line resistance will confirm the cycle...
AUDUSD Analysis – August 29, 2010
AUDUSD might be forming a cycle bottom at 0.8771 level on daily chart. Further rally to test 0.9079 key resistance is expected next week, a break above this level will confirm the cycle bottom, then another rise...