06/13/2011 18:24 UTC AUD swings higher as it strengthens against the USD, JPY, NZD, CAD and CHF. Recent mid-term strength indicator reading for AUD is 1 out of 8, thus suggesting that the current swing may be...
06/13/2011 11:08 UTC GBP swings higher as it strengthens against the USD, JPY, NZD, CAD and AUD. Recent mid-term strength indicator reading for GBP is 3 out of 8, thus suggesting that the current swing may be...
ForexPros Daily Analysis June 13, 2011 Euro, Pound in Short Setups, Yen Confirms Range Euro: On the daily, the euro is in measured moves short and has hit its next full 50% long at 1.4331 and has...
The Dollar Index (DXM11) after taking support at 73.50 ranges, recovered beyond 74.50 ranges to currently trade at 74.80; DXM11 may trade sideways with 73.40 acting as very important support; only weekly close below 73.40 would result...
Wall Street was brutalized on Friday before going into the weekend. Risk adverse trading finished the day with investors essentially looking for protection. The USD gained versus the EUR and GBP and finished in the middle of...
Traders this week are bouncing back and forth between an interest rate differential approach, which favors the EUR, and a debt concern approach which favors the USD. Both carry an ominous overtone for the global economy. Whichever...
06/12/2011 21:22 UTC NZD swings lower as it weakens against the USD, JPY, EUR, CHF and CAD. Recent mid-term strength indicator reading for NZD is 7 out of 8, thus suggesting that the current swing may be...
Please find hereafter our daily update on the majors as of June 11th 2011. (Click on the dedicated link to access our forum post with the chart).
USDCAD stays above a uptrend line on daily chart, and remains in uptrend from 0.9444. As long as the trend line support holds, uptrend could be expected to continue and further rise to 1.0000 area could be...
USDCHF stays below a downtrend line from 0.9774 to 0.9339, and remains in downtrend. Further fall is still possible in a couple of weeks, and next target would be at 0.8000-0.8100 area. Resistance is at the downtrend...
