EUR/USD Technical Analysis October 25, 2011
EUR/USD rose again on Monday, but saw a sharp pullback from the 1.3950 area in the later hours of trading. It should be noted that the 1.30 level had served as resistance over the last few days,...
Month: October 2011
25th October, 2011 – Daily Forex Report by GFM Research
The Dollar Index is approaching important support zone of 75.40-76.00, consistent close below 75.00 would resume long-term bearishness in the USD. Though 76.00 ranges are expected to again act important support in short term; historic resistance in...
CB Consumer Confidence Report on Tap Today
Data on American consumer confidence from Conference Board, Inc., (CB) today may indicate mild optimism that could drive the greenback lower in the short-term. Recent news has done little to alter the current direction of the forex...
Forex Metal Weekly Newsletter
Weekly review for 17 – 21. 10, 2011
AUD/USD Analysis (October 24)
With a break above recent resistance at 1,0370 the pair is poised to continue its move to the upside with a next target at 1,07.
USD/CAD Analysis (October 24)
After a sharp upside move towards 1,0650 the pair has been under intense pressure pulling back towards parity which is now being tested.
USD/CHF Analysis (October 24)
After a break below previous low at 0,8870 the pair has confirmed a corrective move with a next target at 0,87 (38% retracement).
USD/JPY Analysis (October 24)
The pair remains in a long term bearish trend but it is still complicated to trade with sharp upside down moves.
GBP/USD Analysis (October 24)
The break back above 1,5850 from friday has confirmed a bullish bounce with the market currently testing the key 1,60 resistance.
EUR/USD Analysis (October 24)
With a break above the high of October 17 (1,3914), the pair has confirmed a bullish bias over the short term.