USDJPY Analysis – October 16, 2010
USDJPY stays below a downtrend line from 94.98 to 85.92 and remains in downtrend, and the fall from 94.98 extended to as low as 80.88 level. Initial resistance is at 82.50, as long as this level holds,...
Month: October 2010
AUDUSD Analysis – October 16, 2010
AUDUSD runs in a rising price channel on daily chart and remains in uptrend. As long as the channel resistance holds, uptrend is expected to continue, and next target would be at 1.0300 area.
GBPUSD Analysis – October 16, 2010
GBPUSD continues its upward move from 1.5296 and the rise extended to as high as 1.6105 level. Key support is now located at 1.5755, as long as this level holds, uptrend is expected to continue and next...
EURUSD Analysis – October 16, 2010
EURUSD’s upward move from 1.2587 extended to as high as 1.4151 level. Support is now at 1.3775, as long as this level holds, uptrend is expected to continue and further rise is still possible next week, and...
Candlestick analysis of the USD/SEK for 15/10/2010
The USD/SEK currency pair turns back slightly after refreshment of a new annual minimum. The view on the currency pair remains bearish, as the USD/SEK continues trading in a downward trend.
USD – Manipulation, But From Who?
The song has remained the same the past two trading days. The USD continues to show weakness and face stiff tests from the other major currencies as the greenback essentially has been put under pressure (apparently willfully)...
EUR – Single Currency Sustains Momentum
The EUR has sustained its pace against the USD and it has done this even as economic data from Europe continues to turn in lackluster results. Even as some nations within the continent have been rocked by...
GBP – Dollar Centric And Strong
The Sterling has climbed to highs against the USD and finds itself within a historically known value. Like the EUR the GBP does have many issues that have not gone away regarding its own financial foundations, but...
JPY & AUD – Values Continue To Find Backing
Like a song that keeps playing on the radio, the JPY and AUD continue to go to highs against the USD in what has become a consistent theme. A strong JPY does Japan’s export companies no good...
Can The USD Continue to Gain Ground Today?
A tightening of monetary policy in Singapore was the main factor in the dollar dropping to record lows against several of its main currency rivals in trading yesterday. The EUR/USD pair went as high as 1.4123 before...