GBP/USD Technical Analysis October 28, 2011
The GBP/USD rose again on Thursday as it reacted to the good news of a EU bailout agreement. The pair has now broken above the 61.8% Fibonacci retracement, and now look set to move much higher.
Month: October 2011
USD/CAD Technical Analysis October 28, 2011
The USD/CAD sliced right through the parity level on Thursday as the EU finally came out with a bailout plan. The commodities markets took off as the US dollar was sold off against everything.
USD/CHF Technical Analysis October 28, 2011
The USD/CHF pair fell hard on Thursday as the USD was sold off against almost all other currencies around the world. This was in response to the EU finally releasing the bailout plan that has been long...
USD/JPY Technical Analysis October 28, 2011
The USD/JPY had another down day on Thursday, but bounced yet again around the 75.50 area. The pair looks like it is trying to base at this area. The pair looks like it is trying as hard...
28th October, 2011 – Daily Forex Report by GFM Research
The US Dollar tumbles on the event of Greece bailout by the European Union. The Dollar Index closed below 76.00 to enter historic congestion zone of 74.50-73.40 ranges. Consistent close below 73.00 would reinitiated long-term USD bearishness.The...
Forex-Metal Daily Analysis – 27/10/2011
The yen renewed its historical maximum against the US dollar.
USD/CAD Technical Analysis October 27, 2011
USD/CAD fell hard during the Wednesday session as the rumors flew out of Europe that some kind of deal has been reached. At the close of the US session however, there are just that – rumors.
AUD/USD Technical Analysis October 27, 2011
AUD/USD fell and then rose on the session for Wednesday. The resulting candle was a hammer, and it looks like the Aussie will be supported after all. The 1.05 level above should be resistive again, so we...
USD/CHF Technical Analysis October 27, 2011
The USD/CHF pair had a range bound session on Wednesday as traders waited for the all-important EU summit to end. The deal didn’t come, but there are rumors floating around, and rumors are exactly what the market...
GBP/USD Technical Analysis October 27, 2011
The GBP/USD pair has fallen during the Wednesday session, but had a bounce in the later hours of the US session. The pair looks set to retest the 1.60 level again, and the hammer formed on the...