Has European Weekend Brought Hope of a Better Week?
At long last the EURUSD took out the support at the 1.30 area, and worked down to a low of 1.2905. Last Friday, the pair was trading at 1.2933 with hours until forex markets close for the...
Month: May 2012
14 May 2012 – Daily Forex Perspective by GFM Research Private Limited
The US Dollar traded flat on the event of most of the asset classes, especially the benchmark equity index of the Dow Jones Industrials trading flat. The Dollar Index is trading range bound between 80.65 and 78.60,...
USDCAD Analysis – May 12, 2012
USDCAD break above 1.0051 key resistance, suggesting that the downtrend from 1.0523 has completed at 0.9799 already. Further rally could be seen next week, and next target would be at 1.0200 area. Key support is at 0.9799,...
USDCHF Analysis – May 12, 2012
USDCHF is facing 0.9333 resistance, a break above this level will signal resumption of the uptrend from 0.8931, then further rise to test 0.9594 previous high resistance could be seen. Support is at 0.9230, only break below...
USDJPY Analysis – May 12, 2012
USDJPY stays within a downward price channel on daily chart, and remains in downtrend from 84.17. Resistance is located at the upper border of the channel, as long as the channel resistance holds, downtrend could be expected...
AUDUSD Analysis – May 12, 2012
AUDUSD’s downward movement from 1.0474 extends to as low as 1.0018. Further fall could be expected next week, and next target would be at 0.9600-0.9700 area. Resistance is at 1.0150, as long as this level holds, the...
GBPUSD Analysis – May 12, 2012
GBPUSD has formed a cycle top at 1.6301 on daily chart. Further decline to test the support of the upward trend line could be seen next week, a clear break below the trend line could signal completion...
EURUSD Analysis – May 12, 2012
EURUSD breaks below 1.2975 support, suggesting that the downtrend from 1.3486 has resumed. Further decline could be expected next week, and next target would be at 1.2700-1.2800 area. Resistance is at the downward trend line on daily...
11 May 2012, Daily forex report – GFM Research Private Limited
On the event of weaker asset classes, the US Dollar has as strengthened against most of the FX pairs. The Dollar Index is trading range bound between 80.65 and 78.60, either side breakout would establish trend.
USD/JPY Forecast May 11, 2012, Technical Analysis
The USD/JPY pair rose during the Thursday session as the 200 day exponential moving average acted in a supportive manner. The pair has been one that has been capturing much of the attention lately as it is...