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EUR/USD
The pair is now floating around 1.3670 which is the 61.8% Fibonacci level of the 1.3850/1.3360 move. A break beyond that level will unleash a bullish move to the 1.3720 level. If the pair will be shy of the break than a correction move will be imminent.
GBP/USD
The cable is in the midst of strong uptrend and the hourlies are starting to become oversold. The 4 Hour chart is showing a second bearish cross on the slow stochastic and the dailies support the bearish notion. There are signals of a bearish correction that could take the pair to 2.0000 to the next move.
USD/JPY
After bottoming at 112.00, the pair is going back to its bullish formation. There is a two day consolidation at the 116.22 level, and with the RSI floating at the 40, we can assume that the next move up is very close. Next target price could be 117.00.
USD/CHF
After a 200 pips drop in the last two weeks, the pair is trading between key levels, and is shy of break. If a break through the 1.2000 will occur we should see the pair continue to 1.1950. If the support will hold, the bullish correction move would probably be stronger and could take the pair to1.2100 levels.
Tags: USD/JPY USD/CHF EUR/USD GBP/USD
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GMT:
13:55 |
London:
13:55 |
Tokyo:
21:55 |
Sydney:
22:55 |
New York:
08:55
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Recent articles:
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in Forexyard Daily Forex research
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Tuesday,
29 April 2008,
10:02 GMT
Research
>
Forex - Technical research
29/04/'08 - U.S. Consumer Confidence On Tap
Yesterday the greenback showed off a bullish trend against its major currency rivals. It went through a bullish volatile session vs. the EUR, yet it lost strength against the GBP and the JPY.
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Monday,
28 April 2008,
15:14 GMT
Research
>
Forex - Technical research
28/04/'08 - USD Gaining Power
Last Friday, the greenback kept up its sharp bullish momentum against most of its major rivals. The USD gained as a result of favorable economic data, which was released from the US during the last week, combined with disappointing indicators released from the Euro-zone.
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Thursday,
24 April 2008,
09:47 GMT
Research
>
Forex - Technical research
24/04/'08 - USD Saga Continues.
Yesterday, the Greenback spent most of the trading day with bullish momentum against the majority of its currency pairs and crosses. The USD gained almost 0.9% and closed trading around 1.5850 vs. the EUR after it previously dropped to 1.
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Wednesday,
23 April 2008,
15:45 GMT
Research
>
Forex - Technical research
23/04/'08 - The USD Reaches All Time Low
The U.S. economy is facing fresh difficulties that will probably further dampen the national currency. Yesterday, the greenback tumbled to fresh lows trading as low as 1.6022 vs. the EUR after the European Central Bank policy makers signaled they may raise Interest Rates due to.
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Wednesday,
16 April 2008,
14:01 GMT
Research
>
Forex - Technical research
16/04/'08 - US Core CPI
Yesterday, the Greenback spent most of the trading day with bullish momentum against the majority of its currency pairs and crosses on the back of surprisingly strong U.S inflation and manufacturing data releases.
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Monday,
14 April 2008,
14:35 GMT
Research
>
Forex - Technical research
14/04/'08 - U.S. Retail Sales On Tap.
Last week we saw the return of significant volatility to the Forex market. Amidst fears of Recession in the US, due to the housing and credit crisis as well as poor labor numbers, investors once again became weary of the dollar.
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in other categories
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Wednesday,
19 November 2008,
04:01 GMT
Research
>
Forex - Fundamental research
Fundamental Outlook
GCI Forex Research
The euro moved marginally lower vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.2570 level and was capped around the $1.2685 level. Traders are closely watching congressional testimony from Federal Reserve Chairman Bernanke and Treasury Secretary Paulson today.
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Tuesday,
18 November 2008,
06:29 GMT
Research
>
Forex - Trading signals, forecasts and strategy
Forex and Dow Jones recommended levels
Technical Trading
November 18, 2008
GMT 06:07
EUR/USD
Today’s support: - 1.2577, 1.2532, 1.2490 and 1.2476(main), where correction is possible. Break would give 1.2453, where correction also may be.
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Monday,
17 November 2008,
08:12 GMT
Research
>
Forex - Trading signals, forecasts and strategy
Forex and Dow Jones recommended levels
Technical Trading
November 17, 2008
GMT 08:03
EUR/USD
Today’s support: - 1.2490 and 1.2476(main), where correction is possible. Break would give 1.2453, where correction also may be. Then follows 1.
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Monday,
17 November 2008,
01:19 GMT
Research
>
Forex - Technical research
Weekly market recap
GCI Forex Research
The euro depreciated vis-à-vis the U.S. dollar last week as the single currency tested bids around the $1.2385 level and was capped around the $1.2925 level. The pair lost about 115 pips last week. The U.
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Sunday,
16 November 2008,
00:56 GMT
Research
>
Forex - Fundamental research
Fundamental Outlook
GCI Forex Research
The euro moved lower vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.2705 level and was capped around the $1.2825 level. Traders are wondering what news may emerge at this weekend’s Group of Twenty meeting in Washington, D.
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Friday,
14 November 2008,
05:04 GMT
Research
>
Forex - Trading signals, forecasts and strategy
Forex and Dow Jones recommended levels
Technical Trading
November 14, 2008
GMT 04:56
EUR/USD
Today’s support: - 1.2679 and 1.2642(main), where correction is possible. Break would give 1.2624, where correction also may be. Then follows 1.
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1.2626 / 29
96.73 / 6