Crude Oil weekly Report 27/ September /2010
Crude is expected to push upwards towards pivotal resistance at 76.60 pointed out earlier, where it represents the neckline for the suggested bullish technical pattern that is currently forming.
Month: September 2010
Will The Bank of Japan Take Further Action to Halt Yen’s Bullishness?
As speculations that last week's spike in yen value was the result of another intervention from the Bank of Japan remain unconfirmed, Governor Shirakawa says that the BoJ is prepared to take appropriate action if needed. Despite...
27 Sep Daily Analysis on FX
View Probabilities for EUR, GBP, CHF, AUD and CAD by Johan Kriek Click to view larger image:
Daily FX Market Outlook-27-9-2010 by AceTrader
Market Review – 25/09/2010 02:38 GMTEuro rallies to its highest level versus usd since April after strong German Ifo indexThe single currency surged to the highest level since April against dollar on Friday as an unexpected rise...
USDCAD Analysis – September 25, 2010
USDCAD’s downward move from 1.0672 extended to as low as 1.0191. Key resistance is now at 1.0378, as long as this level holds, downtrend from 1.0672 is expected to continue and one more fall towards 1.0107 support...
USDCHF Analysis – September 25, 2010
USDCHF broke below 0.9917 (2009 low) and reached as low as 0.9779. Further decline towards 0.9634 (2008 low) could be seen next week. Resistance is at 1.0181, as long as this level holds, downtrend from 1.1730 could...
USDJPY Analysis – September 25, 2010
Being contained by 85.89 key resistance, USDJPY pulled back to as low as 84.12. However, one more rise to re-test 85.89 resistance is still possible, a clear break above this level will indicate that the downtrend from...
AUDUSD Analysis – September 25, 2010
AUDUSD’s upward movement extended to as high as 0.9613 level. Now the pair is facing the upper boundary of the price channel on 4-hour chart, consolidation of uptrend would more likely be seen. Support is at 0.9460,...
GBPUSD Analysis – September 25, 2010
GBPUSD’s bounce from 1.5296 extended to as high as 1.5842. Further rise to test 1.5997 previous high resistance is possible next week, a break above this level will signal resumption of uptrend from 1.4230, then another rise...
EURUSD Analysis – September 25, 2010
EURUSD broke above 1.3333 resistance and reached as high as 1.3495 level, suggesting that the uptrend from 1.1876 has resumed. Bullish movement is expected to continue next week and next target would be at 1.3700-1.3800 area. Support...