Market Review – 25/10/2010 22:48 GMTDollar sinks to a fresh 15-year low against yen after G-20 meetingThe greenback tumbled to a fresh 15-year low against the Japanese yen on Monday as investors prepared for additional monetary easing...
During the beginning of the previous trading week the greenback gained some strength against the background of the euro weakening. Expectations for the release of the Euro-zone fundamentals, which were planned to be published on Tuesday, pressured...
Pound/yen is moving within wave 5 of the long term downtrend – colored royal blue in the chart. The strategic targets of the downside movement are Fibonacci expansions off 135.03-130.78-132.93 (waves 1-2), 132.93-127.33-129.21 (waves 3-4), and 129.21-127.07-127.86...
USD/CHF Daily graph: http://www.real-forex.com/charts-daily/251010/CHF_DAILY_251010.JPG
ForexPros Daily Analysis October 25, 2010 Forex Analysis For GBP/USD and GBP/JPY 1) Forex Trading Signal For GBPJPY Forex Trend Analysis The overall trend for this currency pair is DOWN for the week Forex Technical Analysis
As the market’s get set for another week of heavy trading, investors are eagerly awaiting a speech from the Fed Chairman today, scheduled to occur at 12:30 GMT. Traders will want to watch out for any mention...
USDCAD failed to break below 0.9930 previous low and rebounded strongly from 0.9979, suggesting that a cycle bottom has been formed on daily chart. Further rally is expected in a couple of weeks and first target would...
USDCHF formed a cycle bottom at 0.9463 level on daily chart. Further rally is still possible next week and target would be at 1.0000 area. However, the bounce from 0.9463 is more likely consolidation of downtrend from...
USDJPY remains in downtrend from 94.98 and the fall extended to as low as 80.84 level. Resistance is at 82.00 followed by the falling trend line from 94.98 to 85.92, as long as the trend line resistance...
AUDUSD broke below the rising price channel on daily chart, suggesting that a cycle top has been formed at 0.9998 level. Deeper decline to 0.9300 is expected in a couple of weeks.
