AUDUSD Analysis – October 30, 2010
AUDUSD has formed a cycle top at 0.9998 level on daily chart. Pullback towards the lower border of the channel would more likely be seen next week.
Tag: AUDUSD
AUD/USD Elliott wave count and Fibonacci levels, October 29, 2010
AUD/USD is developing wave C of the midterm downtrend – colored magenta in the chart. Within this wave there’s corrective wave B that is developing. Its targets are Fibonacci retracements of 0.9973-0.9651.
Forex-Metal Daily Analysis – 28/10/10
The greenback reaches weekly maximums against the euro and the yen. Asian and European trading sessions: US Dollar: Speculations regarding the positive impact from the US quantitative easing policy rendered support to the greenback on Wednesday, which...
Market Updates
GBPJPY Once again we are seeing a tag of the channel lines in the GBPJPY, although prices managed to push through briefly. The channel trade has worked excellently on this pair over the past 6 weeks, although...
Forex-Metal Daily Analysis – 27/10/10
The sterling increased as the positive UK economic activity was released. Asian and European trading sessions: Euro: The EUR/USD pair traded in the range of $1,3900-$1,3980. US Dollar: On Tuesday the greenback showed stabilization against the euro....
Market review for 18 – 22. 10, 2010
During the beginning of the previous trading week the greenback gained some strength against the background of the euro weakening. Expectations for the release of the Euro-zone fundamentals, which were planned to be published on Tuesday, pressured...
AUDUSD Analysis – October 23, 2010
AUDUSD broke below the rising price channel on daily chart, suggesting that a cycle top has been formed at 0.9998 level. Deeper decline to 0.9300 is expected in a couple of weeks.
AUD/USD Elliott wave count and Fibonacci levels, October 22, 2010
This currency pair is moving within the flat limited by 0.9662 and 0.9889. The breakout of the flat will show the direction of the med term trend. According to wave count the long term wave 0.8772-1.0002 is...
Forex-Metal Daily Analysis – 21/10/10
The Beige book report showed moderate US economy growth. Asian and European trading sessions: Euro: On Wednesday the EUR/USD rate grew and reached the $1,3856 level. US Dollar: The expectations for the release of the Beige book...
Forex-Metal Daily Analysis – 19/10/10
The risk appetite grew again. Asian and European trading sessions: Euro: Expectations for the release of the Euro-zone fundamentals, which should be published tomorrow, pressured the euro. According to the forecasts, the Euro-zone ZEW survey (economic sentiment)...