Forex Metal Weekly Newsletter
Market review for 7 – 11. 02, 2011
Tag: AUDUSD
AUD/USD Elliott wave count and Fibonacci levels – February 14, 2011
The AUD/USD is moving in medium term downtrend and now is developing corrective wave 4 – colored red in the chart. The targets of the upmove are Fibonacci retracements of 1.0188-0.9960 (wave 3), 1.0139-0.9960 (subwave C within...
14th February 2011 – FX Daily Report by GFM Research
Dollar rallied against almost all major pairs on Friday. USDCHF and USDJPY remained firm during whole of last week to finally close positive st 0.9736 and 83.43 respectively. We are expecting USDCHF and USDJPY to rally further...
AUDUSD Analysis – February 12, 2011
Being contained by 1.0255 previous high resistance, AUDUSD dropped from 1.0199, suggesting lengthier consolidation of uptrend is underway. Deeper decline could be expected in a couple of weeks and target would be at 0.9600-0.9700 area.
11th February 2011 – FX Daily Report by GFM Research
With the Dow (.DJIA) yielding at the historical congestion zone of 11200 ranges, USD continued its strength across the board especially against the Common Currency, Aussie Dollar, Japanese Yen and Swiss Franc. Except for the Cable which...
Forex-Metal Daily Analysis -10/02/2011
Reaction to the Ben Bernanke speech. Asian and European trading sessions:
10th February 2011 – FX Daily Report by GFM Research
After breaking the immediate hurdle of 1.3700, Euro posed third straight positive close at 1.3718, though 1.3725 may act as major resistance. AUDUSD settled negative yesterday at 1.0106 – likely to continue price loss in near term...
09-Feb-2011 : FX Daily Report by GFM Research
EURUSD managed to post second consecutive positive close at 1.3625 against previous close of 1.3593 – just trying to set in bullish momentum once the daily closing happens beyond 1.3700 ranges. In case of EURUSD, till it trades above...
Forex-Metal Daily Analysis -08/02/2011
Concerns over the instability in Egypt. Asian and European trading sessions:
08-Feb-2011 : FX Daily Report by GFM Research
EURUSD fared some of the losses after falling to day’s low of 1.3508 and closed marginally on a positive note yesterday at 1.3593 against previous close of 1.3583. Dow Jones continued the rally for 6th consecutive day...