EUR/USD forecast weekly review – 22.10.2012
Weekly chart Last review EUR/USD forecast – It is possible to see that the 1.2900 price level is still used as a balance level while the price is checking it on the last three candles back and forth....
Month: October 2012
GBP/USD forecast weekly review – 22.10.2012
Weekly chart Last review GBP/USD forecast – The price fell under the descending trend line that is connecting the peaks (red broken line) and corrected the last uptrend (black broken line) by exactly 38.2%to the 1.5985 price...
EUR/GBP: Euro Gains from Spanish Regional Assembly
Gains are forecast to be had by the Euro today against the British pound in spite of a technical resistance at the 0.8144 price mark. EU leaders took a step forward on the path toward a banking...
U.S. New Home Sales Boost Greenback Trading
U.S. New Home Sales affected Friday afternoon trading as the greenback quickly made gains against its major currency rivals. Also, concerns about Spain’s requesting a bailout were largely responsible for losses that both the euro and gold...
Daily FX perspective October 22, 2012 – GFM Research
Gain in US Dollar leads to sell off in most of the asset classes especially the equities; the benchmark equity index of Dow Industrials (.DJIA) has fallen more than 200 points to currently trade at 13340 ranges.
USDCAD Analysis – October 20, 2012
USDCAD breaks above 0.9884 resistance, and reaches as high as 0.9938. Further rise could likely be seen in a couple of weeks, and next target would be at 1.0000 area. Key support is at 0.9735, only break...
USDCHF Analysis – October 20, 2012
USDCHF breaks below 0.9239 support, and reaches as low as 0.9214. However, lengthier consolidation of the downtrend from 0.9971 would likely be seen in a couple of weeks, and one more rise to 0.9400 area to complete...
USDJPY Analysis – October 20, 2012
USDJPY breaks above the downward trend line on daily chart, suggesting that the downward movement from 84.17 had completed at 77.14 already. Further rally could be expected next week, and next target would be at 80.00 area.
AUDUSD Analysis – October 20, 2012
After touching 1.0167 support, AUDUSD rebounded from 1.0149, suggesting that a cycle bottom has been formed on daily chart. Further rise would likely be seen next week, and the target would be at 1.0450 area.
GBPUSD Analysis – October 20, 2012
GBPUSD remains in uptrend from 1.5268, the fall from 1.6309 is treated as consolidation of the uptrend. Lengthier consolidation of the uptrend could be expected, and deeper decline to1.5800-1.5900 area would likely be seen next week.