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EUR/USD
Today, the 4 Hour chart implies on a possible recovery of the USD when both RSI (78) and Slow Stochastic (crossed at 82) are clearly in overbought territory. The 4 Doji bars imply on an upcoming move and it appears that going long might be preferable.
GBP/USD
The 4 hour chart notes that a tight bearish channel is forming and traders should seek the breakout to get into the market at a good entry point for a long position. However the daily chart indicates a breakout of the bullish channel, supporting the fact that the GBP depreciation would be maintained in the short term.
USD/JPY
The pair is in a bearish formation and the daily studies are strengthening the notion that the pair's direction is down. The hourly confirm the bearish notion as the 4 Hour RSI has failed to cut the 80 level from the bottom section. It appears that the USD/JPY is heading towards 114.00.
USD/CHF
The pair is heading down and is now at 1.1738. The next key level is 1.1700 which would the lowest it has been since May 2005. If a breach through that level will occur we might see a much bigger move. If the pair will be shy of a breach it may constitute a great entry point for a long position.
Tags: USD/JPY USD/CHF EUR/USD GBP/USD
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GMT:
12:34 |
London:
13:34 |
Tokyo:
21:34 |
Sydney:
22:34 |
New York:
08:34
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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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Monday,
08 September 2008,
02:42 GMT
Research
>
Forex - Trading signals, forecasts and strategy
Forex and Dow Jones recommended levels
Technical Trading
September 08, 2008
GMT 02:35
EUR/USD
Today’s support: - 1.4363 and 1.4298 (main), where correction is possible. Break would give 1.4274, where correction also may be. Then follows 1.
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Monday,
08 September 2008,
00:05 GMT
Research
>
Forex - Technical research
Weekly market recap, week ahed
GCI Forex Research
The euro depreciated vis-à-vis the U.S. dollar last week as the single currency tested bids around the $1.4195 level and was capped around the $1.4720 level. The pair lost about 410 pips last week. Gustav’s weakening pushed crude oil and the euro lower.
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Friday,
05 September 2008,
08:42 GMT
Research
>
Forex - Trading signals, forecasts and strategy
Forex and Dow Jones recommended levels
Technical Trading
September 05, 2008
GMT 08:35
EUR/USD
Today’s support: - 1.4223, 1.4197 and 1.4152 (main), where correction is possible. Break would give 1.4130, where correction also may be.
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Friday,
05 September 2008,
01:15 GMT
Research
>
Forex - Fundamental research
Daily market commentary
GCI Forex Research
The euro extended recent losses vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.4325 level and was capped around the $1.4545 level. Stops were reached below the $1.
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Thursday,
04 September 2008,
02:08 GMT
Research
>
Forex - Trading signals, forecasts and strategy
Forex and Dow Jones recommended levels
Technical Trading
September 04, 2008
GMT 02:01
EUR/USD
Today’s support: - 1.4446 and 1.4418 (main), where correction is possible. Break would give 1.4402, where correction also may be. Then follows 1.
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Thursday,
04 September 2008,
00:28 GMT
Research
>
Forex - Fundamental research
Daily market commentary
GCI Forex Research
The euro extended recent losses vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.4465 level and was capped around the $1.4615 level. The common currency reached its lowest level since early February as traders reacted to a further pullback in oil prices.
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1.4203 / 06
108.63 / 66
