USDJPY Analysis – April 16, 2011
USDJPY had formed a cycle top at 85.51 level on daily chart. Pullback to 80.00 area would likely be seen in a couple of weeks. Key resistance is now at 85.51, only break above this level could...
Month: April 2011
AUDUSD Analysis – April 16, 2011
AUDUSD remains in uptrend from 0.9704. The price action from 1.0581 is likely minor consolidation of uptrend. Support is at 1.0380, followed by 1.0280, as long as these levels hold, we’d expect uptrend to resume, and another...
GBPUSD Analysis – April 16, 2011
After breaking above 1.6400 resistance, GBPUSD’s rise from 1.5936 is treated as resumption of uptrend from 1.5344. Further rise is still possible in a couple of weeks, and next target would be at 1.6600 zone. Support is...
EURUSD Analysis – April 16, 2011
EURUSD remains in uptrend from 1.2874, and the rise extended to as high as 1.4519. Further rise could be seen in a couple of weeks, and next target would be at 1.4700-1.4800 area. Support is at 1.4300,...
Can The Euro Stand The Heat?
The ECB interest rate rise two weeks ago has left investors like the cat that got the cream and the euro fighting fit. But how long can the party last?
General weakening of the US dollar Asian and European trading session: New-Zealand Dollar: The New-
General weakening of the US dollar
Daily Market Review for 15/04/2011 by SolidityBrokers.com
Stocks on Wall Street clawed back from an earlier slide to close higher Thursday, as economic factors pressured the market. New jobless claims rose above 400,000 for the first time in a month with initial claims rising...
EUR/JPY Analysis
Greetings. Let’s take a look at one of our favorite pair – the EUR/JPY. EVen through the underlying longer term trend remains potentially bullish, it seems like we may have formed a potential short-term top and am...
A Game Of Who Do You Believe
The EUR lost ground abruptly on Thursday as rumors continued to spark around the story that Greece would have to restructure its debt. Greece was quick to deny the rumors. The IMF also came out and said...
15th April, 2011 – Daily Forex report by GFM Research
The U.S Dollar depreciated against the Common Currency and the Cable after disappointing economic data. The Euro is expected to take resistance at the historical resistance zone of 1.4500-1.4550 ranges; Swiss Franc is expected to further appreciate...