USDCHF Analysis – November 6, 2010
USDCHF has formed a cycle top at 0.9971 level on 4-hour chart. Range trading between 0.9463 and 0.9971 would more likely be seen in a couple of weeks.
Month: November 2010
USDJPY Analysis – November 6, 2010
USDJPY stays below a falling trend line from 94.98 to 85.92, and moved sideways in a trading range between 80.30 and 81.98 for several weeks.
AUDUSD Analysis – November 6, 2010
AUDUSD broke above 0.9998 resistance and reached as high as 1.0182 level, suggesting that the uptrend from 0.8066 has resumed.
GBPUSD Analysis – November 6, 2010
GBPUSD continues its upward movement from 1.4230 and the rise extended to as high as 1.6298 level. Further rise is still in favor next week and next target would be at 1.6400-1.6500. Support is at 1.6050, as...
EURUSD Analysis – November 6, 2010
EURUSD remains in uptrend from 1.1876. The price action from 1.4152 is treated as consolidation of uptrend. Pullback to 1.3800-1.3900 area is expected next week.
GBP/JPY Elliott wave count and Fibonacci levels, November 5, 2010
Pound/yen is moving up in impulse wave C of the medium term uptrend – colored magenta in the chart. within this wave there’s also a set of subwaves with wave C developing – colored red. On smaller...
Gold at Record High as USD Plummets after Fed Announcement
Crude oil and gold reached level highs Thursday as investors turned to commodities amid concerns over the effect of the Federal Reserve’s 600 billion quantitative easing plan on the U.S. dollar and the U.S. economy.
Daily FX Market Outlook-5-11-2010 by AceTrader
Market Review – 04/11/2010 23:02 GMTDollar falls broadly on risk appetite after Fed decision The greenback dropped against major currencies on Thursday as the Federal Reserve’s bond-purchasing plan prompted investors to seek higher-yielding currencies and the Australian...
Forexpros.com Daily Analysis – 04/11/2010
ForexPros Daily Analysis November 04, 2010 Euro, Pound March Towards Long Target Fed day provided some volatility with Euro and Pound pulling back into their next long setups. Interest rate decisions in the euro area (8:45am est)...
Forex-Metal Daily Analysis – 04/11/2010
Release of the highly anticipated FOMC decision. Asian and European trading sessions: Euro: The EUR/USD pair showed minimums at the level of $1,4000. US Dollar: On Wednesday the US dollar showed its temporary rehabilitation against the major...