USDJPY Analysis – January 8, 2011

by ForexCycle.com | January 8, 2011 1:09 pm
USDJPY bounced strongly from 80.93, suggesting that a cycle bottom had been formed on daily chart. Lengthier consolidation of downtrend from 94.98 would likely be seen and further rise towards 84.50 resistance is expected next week, above...

USDJPY Analysis – January 1, 2011

by ForexCycle.com | January 1, 2011 12:30 pm
USDJPY’s fall from 84.50 extended to as low as 80.93 level. Deeper decline to test 80.30 previous low support is possible next week, a breakdown below this level will indicate that the downtrend from 94.98 (May 5,...

USDJPY Analysis – December 25, 2010

by ForexCycle.com | December 25, 2010 5:28 pm
USDJPY is in uptrend from 80.30, the price action from 84.40 is treated as consolidation of uptrend. Pullback to 81.00-82.00 area to reach next cycle bottom on daily chart is expected next week. Key resistance is at...

Forex-Metal Daily Analysis -23 /12/2010

by Forex-Metal.com | December 23, 2010 11:12 am
The release of the GDP figures. Asian and European trading sessions: Euro: Today euro showed some growth as a correction from yesterday’s minimums. The willingness to take risks increased and high-risk currencies were supported. The EUR/USD pair...

Forex-Metal Daily Analysis -22 /12/2010

by Forex-Metal.com | December 22, 2010 9:01 pm
Ratings’ reduction pressures the euro. Asian and European trading sessions: Euro: The EUR/USD started today’s trading with the maximum of $1,3200, as the Government of China confirmed its intentions to support the European Union with debt problems....

Forex-Metal Daily Analysis -21 /12/2010

by Forex-Metal.com | December 21, 2010 7:06 pm
Demand for save-haven grows. Asian and European trading sessions: Euro: On the first day of this week the euro was affected by the reduction of the EC countries’ credit ratings by Moody’s Investors Service. Last week the...

Forex-Metal Market review for 13 – 17. 12, 2010

by Forex-Metal.com | December 20, 2010 6:37 pm
Previous trading week saw greenback being pressured by various factors. On Monday after the announced information that the Chinese Government would not increase the interest rates, the stock market grew and the greenback was pressured. Possibility, that...

USDJPY Analysis – December 18, 2010

by ForexCycle.com | December 18, 2010 10:58 am
USDJPY is in uptrend from 80.30, the price action from 84.40 is treated as consolidation of uptrend. Pullback to 82.00-83.00 area to complete the consolidation is expected next week. Resistance is at 85.00, a clear break above...

Forex-Metal Daily Analysis – 16/12/2010

by Forex-Metal.com | December 16, 2010 1:42 pm
Demand for the risk drops. Asian and European trading sessions: Euro: The EUR/USD pair started Wednesday with a decrease to the $1,3300 mark. The euro was pressured by the announcement of Moody’s Investors Service that the credit...

Forex-Metal Daily Analysis – 15/12/2010

by Forex-Metal.com | December 15, 2010 11:38 am
US fundamentals support the greenback. Asian and European trading sessions: Euro: Euro continued to stabilize of Tuesday morning. Expectations for the strong European fundamental release today supported the euro. Eventually the Euro-zone ZEW survey (Economic sentiment) for...