EUR/USD Forecast for March 29, 2011
The EUR/USD has bounced from the 1.40 level as we predicted a few days back. This area certainly appears supportive, and should continue to be. The resistive 1.4250 area is still in play, and as such –...
Month: March 2011
USD/CHF Forecast for March 29, 2011
The USD/CHF has found the 0.92 area as resistive, and has pulled back from that mark. Because of this, the pair looks to be set for another bearish move. Until we can break above the 0.9300 level,...
GBP/USD Forecast for March 29, 2011
The cable has formed a perfect hammer at the 1.60 support level today. Because of this, support looks to be winning at the moment. This pair has traded fairly choppy in the recent months, and this week...
The Dollar Edges Higher on Yen Concerns
EU leaders missed the opportunity to deliver markets a positive surprise at the end of the March 24-25 summit. In short, the EU council agreed on the structure of the ESM that will be active in 2013,...
Dollar Resumes Downtrend
The dollar moved lower versus the major currencies yesterday as traders continued to use the dollar as a funding currency in carry trades. Positive US consumer and housing data encouraged the resumption of this long term trend....
The EUR In Focus
Range trading was the primary theme for the broad markets on Monday. The USD traded slightly weaker against the EUR and was rather consolidated against most of the other major currencies. The day’s trading sentiment continued to...
29th March, 2011 – Daily Forex report by GFM Research
Dollar Index (DX) is trading at the key resistance of 76.60 ranges; DX consistently trading above 76.70 would post short term bottom, else it may trade range bound between 76.50 and 75.50. The Greenback is trading mixed...
Forex Metal Weekly Newsletter
Market review for 21 – 25.03.2011
28th March, 2011 – Daily Forex report by GFM Research
U.S Dollar strengthened smartly after finding support at 75.50 (Dollar Index-DX) during the last week. The Japanese Yen stabilized against the Greenback and the Common Currency during last week, resulting in the USD appreciating across the board...
USDCAD Analysis – March 26, 2011
USDCAD formed a cycle top at 0.9973 level on daily chart. Deeper decline towards 0.9667 previous low could be seen next week, a breakdown below this level will indicate that the long term downtrend from 1.0672 has...