USDCAD Analysis – March 24, 2012
USDCAD stays in a range between 0.9841 and 1.0050. the price action in the range is treated as consolidation of the downtrend from 1.0523, and another fall to 0.9600-0.9700 area is is possible. On the upside, a...
Month: March 2012
USDCHF Analysis – March 24, 2012
USDCHF is facing the support of the lower line of the price channel on 4-hour chart. As long as the channel support holds, the uptrend from 0.8931 could be expected to resume, and another rise towards 1.9594...
USDJPY Analysis – March 24, 2012
USDJPY has formed a cycle top at 84.17 on daily chart. Further decline would likely be seen, and the target would be at 80.00-81.00 area. As long as 80.00 support holds, the fall from 84.17 is treated...
AUDUSD Analysis – March 24, 2012
AUDUSD’s downward movement from 1.0855 extends to as low as 1.0336. Further fall could be seen next week, and next target would be at 1.0100 area. Resistance is at the downward trend line on daily chart, as...
GBPUSD Analysis – March 24, 2012
GBPUSD formed a cycle bottom at 1.5602 on daily chart. Further rise to test 1.5991 previous high resistance would likely be seen next week as long the this level holds, the rise from 1.5602 would possibly be...
EURUSD Analysis – March 24, 2012
EURUSD has formed a cycle bottom at 1.3003 on daily chart. The rise from 1.3003 is likely correction of the downtrend from 1.3486, as long as 1.3486 resistance holds, downtrend could be expected to resume, and another...
Forex-Metal Daily Analysis -23/03/2012
The dollar rose against its competitors supported by many factors.
Riskier Assets Tumble amid Global Growth Worries
Riskier assets, like the euro and AUD, tumbled on Thursday following the release of a string of negative global data. Worse than expected German news confirmed fears that the euro-zone has gone back into recession.
Forex-Metal Daily Analysis -22/03/2012
The Greece Parliament adopted the new loan agreement.
Euro-Zone News Set to Impact Markets Today
The US dollar was able to reverse some of its recent losses during the afternoon session yesterday, following the release of the Existing Home Sales figure. While the figure came in below expectations, it was still taken...