The Dollar Index (DXM11) lost more than a percentage during last week; yesterday it traded flat and mild short covering was witnessed after the Dollar Index neared critical support of 73.40 ranges. DXM11 may trade sideways with...
Please find hereafter our daily update on the majors as of June 7th 2011. (Click on the dedicated link to access our forum post with the chart).
Greetings and welcome back. Let’s take a look at the EUR/CHF hourly chart. As you can see, we’ve seen a nice downtrending market since late April and it looks like there is still more potential movement to...
06/07/2011 04:41 UTC AUD swings lower as it weakens against the USD, NZD, CAD, CHF, EUR and GBP. Recent mid-term strength indicator reading for AUD is 2 out of 8, thus suggesting that the current swing may...
06/07/2011 04:33 UTC NZD swings higher as it strengthens against the USD, JPY, AUD, EUR and GBP. Recent mid-term strength indicator reading for NZD is 7 out of 8, thus suggesting that the current swing may be...
Market Review – 06/06/2011 21:26 GMT Euro weakens on Monday as second Greek bailout was uncertain The single currency weakened on Monday after a German Finance Ministry spokesman said ‘not certain whether there will be second bailout...
Market review for 30.05 – 03.06, 2011
EUR/CHF Time: 11.00 Rate: 1.2203 Strategy: long Daily time frame The price is moving in the downward parallel channel. The arrival of the price to the lower side of the channel, and is stopped at the current...
ForexPros Daily Analysis June 06, 2011 ELLIOTT WAVE FX OVERVIEW Trading during Asian hours was relatively slow but still bearish for stocks after poor NFP from Friday.
The Dow Jones Industrial Average fell 290 points this week to 12,151.26. It was the benchmark’s fifth straight weekly decline, its longest losing streak since 2004. So far this year, however, it is up almost 5%. The...
