Market Review – 14/02/2011 19:13 GMT Euro hits a three week low versus dollar on WestLB rescue hitch The single currency pared its initial intra-day gain against the greenback in European session on Monday and fell from...
Market review for 7 – 11. 02, 2011
The AUD/USD is moving in medium term downtrend and now is developing corrective wave 4 – colored red in the chart. The targets of the upmove are Fibonacci retracements of 1.0188-0.9960 (wave 3), 1.0139-0.9960 (subwave C within...
Traders moving assets to safer, lower yielding currencies appear to be playing a factor in the correction of the major crosses. The USD and JPY, which are seen as a safer bet than others currencies in times...
Dollar rallied against almost all major pairs on Friday. USDCHF and USDJPY remained firm during whole of last week to finally close positive st 0.9736 and 83.43 respectively. We are expecting USDCHF and USDJPY to rally further...
Market Review – 11/02/2011 20:07 GMT The dollar rises broadly despite Egyptian Hosni Mubarak’s resignation as president The U.S. dollar strengthened versus most of its counterparts on Friday even though Egyptian Hosni Mubarak finally resigned his post...
USDCAD remains in downtrend from 1.0672 and the price action from 0.9836 is treated as consolidation of downtrend. Support is at 0.9831, a breakdown below this level will indicate that the downtrend has resumed, then deeper decline...
USDCHF failed to break below 0.9300 support and rebounded from 0.9328, suggesting that a cycle bottom had been formed on daily chart. Further rise is still possible next week and target would be at 1.0000 zone. Support...
USDJPY formed a sideways consolidation in a range between 80.30 and 84.50. Further rise to test 84.50 resistance would likely be seen next week, a break above this level will target 85.50 area. Support levels are at...
Being contained by 1.0255 previous high resistance, AUDUSD dropped from 1.0199, suggesting lengthier consolidation of uptrend is underway. Deeper decline could be expected in a couple of weeks and target would be at 0.9600-0.9700 area.
