AUD/USD Technical Analysis May 10, 2011
The AUD/USD rose today, closing at the highs. This is always a bullish sign, and it appears that we are going to head back up towards the highs soon at this rate. The pair seems to have...
Month: May 2011
EUR/USD Technical Analysis for May 10, 2011
The EUR/USD fell today, but ended the day forming a hammer at the 1.4350 area. This shows underlying strength in this currency and that the USD may begin to fall again. The European issues in Greece are...
GBP/USD Technical Analysis for May 10, 2011
The GBP/USD fell today, but only to form a nice bullish hammer at the all-important 1.64 level. This looks very bullish at these levels, and we should see a move up if we can break higher from...
USD/CAD Technical Analysis for May 10, 2011
The USD/CAD fell today, ending with a shooting star shaped candle. The location is roughly where you want to see it for a short, since it is currently just under the all-important 0.97 level. The recent highs...
USD/CHF Technical Analysis for May 10, 2011
The USD/CHF fell today and looks to continue the trend downward it appears. The recent bullish action was simply a bounce that gave sellers better entry points as this pair is seriously flawed at this point. In...
USD/JPY Technical Analysis for May 10, 2011
The USD/JPY fell again today, and is hanging around the 80 level still. A break of the 80 level will certain get the attention of the central banks, and if we break lower – we are not...
EUR/JPY Analysis
Greetings. Let’s take a look at one of our favorite pairs – the EUR/JPY. We saw a steady move up from early in the year and now we’re looking at a potential 3 wave retracement.
10th May, 2011 – Daily Forex Report by GFM Research
Dollar is trading firm after Dollar Index finding support at 72.85 (DX). The Dollar Index is expected to find support at 74.50; on the higher side 76.10 is expected to act as important resistance; weekly close beyond...
Greece Downgrade Holds EUR/USD at 3-Week Low
Yesterday’s downgrade of Greece by Standard and Poor’s ratings agency from B to BB- has put significant pressure on the euro zone’s common currency. The euro was holding near a three-week low versus its primary currency counterpart...
Forex Metal Weekly Newsletter
The beginning of the previous trading week saw the strengthening of the US dollar after the official announcement of the liquidation of the terrorist #1 Osama Ben Laden. Market participants were optimistic during the Asian and European...