USDJPY Analysis – June 11, 2011
USDJPY is now facing the 79.58 support, a breakdown below this level will confirm that the downtrend from 85.51 has resumed, then next target would 78.00 area. On the upside, as long as 79.58 level holds, the...
Month: June 2011
AUDUSD Analysis – June 11, 2011
AUDUSD is in downtrend from 1.1011, the price action from 1.0440 is treated as consolidation of downtrend. Deeper decline would likely be seen next week, and next target would be at 1.0350 area. Resistance is at 1.0773,...
GBPUSD Analysis – June 11, 2011
GBPUSD’s bounce from 1.6059 reached 1.6546 only, the subsequent fall would possibly be resumption of downtrend from 1.6745. Deeper decline to re-test 1.5936 support would likely be seen in a couple of weeks. Key resistance is at...
EURUSD Analysis – June 11, 2011
EURUSD dropped from 1.4696, suggesting that a cycle top had been formed on daily chart. Now the fall would possibly be resumption of downtrend from 1.4939. Deeper decline could be seen next week, and next target would...
STOR suggesting a beginning of short/mid-term bullish swing for CHF
06/10/2011 17:44 UTC CHF swings higher as it strengthens against the AUD, CAD, EUR, GBP and NZD. Recent mid-term strength indicator reading for CHF is 7 out of 8, thus suggesting that the current swing may be...
STOR suggesting a beginning of short/mid-term bullish swing for USD
06/10/2011 14:26 UTC USD swings higher as it strengthens against the EUR, GBP, CAD, AUD and NZD. Recent mid-term strength indicator reading for USD is 5 out of 8, thus suggesting that the current swing may be...
STOR suggesting a beginning of short/mid-term bearish swing for AUD
06/10/2011 13:54 UTC AUD swings lower as it weakens 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...
Forex-Metal Daily Analysis -10/06/2011
Asian and European trading sessions:
10th June, 2011 – Daily Forex Report by GFM Research
The Dollar Index (DXM11) has taken critical support from 73.40 ranges and can trade sideways facing resistance at 74.80-74.90 ranges. For key equity index – Dow Jones Industrials (DJIA), 11600-11700 ranges is expected to act as final...
STOR suggesting a beginning of short/mid-term bullish swing for JPY
06/10/2011 07:17 UTC JPY swings higher as it strengthens against the EUR, GBP, CHF, AUD and NZD. Recent mid-term strength indicator reading for JPY is 6 out of 8, thus suggesting that the current swing may be...