An Oil Shock Awaits
Before leaving on an extended business trip, the term ‘oil shock’ was used in this daily analysis column. And nearly a week and a half later the words are resonating around the world. Major economic powers are...
Month: March 2011
7th March 2011 – FX Daily Report by GFM Research
Euro gained almost 1.75 percent against dollar last week. Immediate support and resistance of EURUSD are 1.3910 and 1.4015 respectively. DJ closed lower at 12169.88 on Friday against previous close of 12258.20. Dow showed crisscross well in...
Daily FX Market Outlook by AceTrader 7-3-2011
Market Review – 04/03/2011 20:19 GMT Euro rises to a fresh 4-month high despite better-than-expected U.S. jobs report The single currency rose for three consecutive days to a fresh 4-month high in a volatile New York session...
USDCAD Analysis – March 5, 2011
USDCAD remains in downtrend from 1.0057 and the fall extended to as low as 0.9683 level. Deeper decline is still possible after a minor consolidation, and next target would be at 0.9600 area. Resistance is at the...
USDCHF Analysis – March 5, 2011
USDCHF is in downtrend from 0.9774. Deeper decline would likely be seen in a couple of weeks and next target would be at 0.9000 area. Resistance is at 0.9450, as long as this level holds, downtrend could...
USDJPY Analysis – March 5, 2011
USDJPY formed a symmetrical triangle pattern on daily chart. The price action in the pattern is treated as consolidation of downtrend from 94.98 (May 5, 2010 high), a clear break below the lower boundary of the pattern...
AUDUSD Analysis – March 5, 2011
Being contained by 1.0255 previous high resistance, AUDUSD formed a sideways consolidation between 0.9940 and 1.0200. Another rise to re-test 1.0255 resistance is expected next week. A break above this level will indicate that the long term...
GBPUSD Analysis – March 5, 2011
GBPUSD broke above 1.6298 resistance, suggesting that the uptrend from 1.5344 has resumed. Further rise is still possible in a couple of weeks, and next target would be at 1.6600 area. Near term support is at the...
EURUSD Analysis – March 5, 2011
EURUSD broke above 1.3861 resistance and reached as high as 1.4006, suggesting that the uptrend from 1.2874 has resumed. Further rise is still possible in a couple of weeks, and next target would be at 1.4200 area....
Forex-Metal Daily Analysis -04/03/2011
Greenback rehabilitates.