Update Time: 31 Jan 2011 06:17GMT WEEKLY AUD/JPY CROSS OUTLOOK – +81.00+ A$’s breach of 81.60 to 81.52 signals the fall fm83.69 top to retrace recent rise fm 71.97 has resumed n further weakness twd 80.95 is...
Recent developments in Egypt are having a significant impact on commodities and the major currencies. Just before the weekend, when protests in Egypt began escalating, crude prices jumped 500 pips to $90.80 a barrel. In addition, safe-haven...
Market Review – 29/01/2011 01:13 GMT The greenback and Swiss franc strengthen on Friday as Egypt turmoil increases safe-haven demand The greenback rose broadly, except versus Japanese yen and Swiss franc on Friday as unrest in Egypt...
USDCAD remains in downtrend from 1.0672, the bounce from 0.9836 is treated as consolidation of downtrend. Further rally is still possible next week and target would be at 1.0100 area. Support is at 0.9900, a break below...
USDCHF had formed a cycle top at 0.9783 level on daily chart. Deeper decline towards 0.9300 could be seen next week, a breakdown below this level will target 0.9000 area. Resistance is at 0.9550, only break above...
USDJPY moved sideways in a range between 80.30 and 84.50. Support is at 81.85, a breakdown below this level could trigger another fall towards 80.30 previous low. However, as long as 81.85 support holds, one more rise...
AUDUSD stayed in a narrow range between 0.9803 and 1.0076 for several days. Support is at 0.9803, a break below this level could trigger another fall towards 0.9600 area. Key resistance is at 1.0076, above this level...
GBPUSD’s rise from 1.5344 could possibly be resumption of long term uptrend from 1.4230, and the fall from 1.6058 is likely consolidation of uptrend. Another rise towards 1.6298 is still possible next week. Support is at 1.5750,...
EURUSD remains in uptrend from 1.2874 and the rise extended to as high as 1.3757 level. Further rise towards 1.4281 previous high is still possible next week. Support is at 1.3450, only break below this level could...
4-hour timeframeTechnical data:Head channel of the linear regression: direction –upLow channel of the linear regression: direction – downMoving average (20; smoothed) – downCCI: -86.1244
