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EUR/USD
The pair is in the middle of a very strong uptrend at the moment, and the breach through the 1.3740 level which was a strong resistance and a key Fibonacci level, indicates that the move is validated and we might see the positive momentum continue to the 1.3900 level. The hourlies are a bit overbought which indicates that buying on dips might be preferable.
GBP/USD
The uptrend the cable is going through seems to be very strong and the daily chart validates that there is still room to run. The 4 Hour chart is confirming that the momentum up is still quite strong and that 2.0400 is a valid next target.
USD/JPY
After touching the 112.80 level for the second time this month, the pair seems to be consolidating around the 113.00 level. There is a bullish cross forming on the 4 Hour chart that indicates a slight correction up before the bearish move continues. Selling on tops might be preferable today.
USD/CHF
The pair is consolidating at the 1.1860 level after the sharp drop from 1.2100. The momentum is bearish and the next key level will 1.1820 which is the bottom of the last downwards move which started at 1.2462. If a breach through that level will occur a stronger bearish move will be validated that might take the pair to the 1.1740 level.
Tags: USD/JPY USD/CHF EUR/USD GBP/USD
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GMT:
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London:
20:01 |
Tokyo:
04:01 |
Sydney:
05:01 |
New York:
15:01
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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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Friday,
21 November 2008,
06:01 GMT
Research
>
Forex - Trading signals, forecasts and strategy
Forex and Dow Jones recommended levels
Technical Trading
November 21, 2008
GMT 06:54
EUR/USD
Today’s support: - 1.2405(main), where correction is possible. Break would give 1.2377, where correction also may be. Then follows 1.2351.
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Friday,
21 November 2008,
03:41 GMT
Research
>
Forex - Fundamental research
Fundamental Outlook
GCI Forex Research
The euro moved higher vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.2585 level and was supported around the $1.2470 level. The common currency gained ground on a variety of factors.
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Thursday,
20 November 2008,
08:00 GMT
Research
>
Forex - Trading signals, forecasts and strategy
Forex and Dow Jones recommended levels
Technical Trading
November 20, 2008
GMT 07:52
EUR/USD
Today’s support: - 1.2465(main), where correction is possible. Break would give 1.2453, where correction also may be. Then follows 1.2428.
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Thursday,
20 November 2008,
01:30 GMT
Research
>
Forex - Fundamental research
Fundamental Outlook
GCI Forex Research
The euro moved higher vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.2770 level and was supported around the $1.2590 level. The common currency moved to intraday highs during the early North American session as traders braced for more potential selling pressure in U.
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Wednesday,
19 November 2008,
04:01 GMT
Research
>
Forex - Fundamental research
Fundamental Outlook
GCI Forex Research
The euro moved marginally lower vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 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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1.2587 / 90