10 March 2010 GBP/USD 1.4936 Technical Analysis Pound/Dollar slipped bellow 1.5 on Tuesday on Goods trade data. The Cable dropped down to to 1.4938, from where it corrected up to 1.5015, closing the day at 1.4995. Today's focus is on UK Industrial production and Manufacturing at 9:30 GMT...
10 March 2010 Daily Forex Analysis USDCAD’s downtrend extended further to as low as 1.0235 level. Deeper decline to test 1.0224 (Jan 14 low) is still possible later today. Bounce would more likely be seen before breaking below this level...
9 March 2010 EUR/USD 1.3622 Technical Analysis Optimism is back after the U.S. Unemployment figures came out better than expected on Friday. Euro/Dollar continued trading with an increase on Monday...
9 March 2010 Daily Forex Analysis GBPUSD breaks below 1.4992 key support, suggesting that a short term cycle top has been formed at 1.5195 level on 4-hour chart...
8 March 2010 USD/JPY 90.34 Technical Analysis After some hesitation, Dollar/Yen rose on Friday after the U.S. NFP and the Unemployment report, climbing from 89.19 to 90.44, closing the week at 90.18...
8 March 2010 Daily Forex Analysis EURUSD is forming a sideways movement in a range between 1.3435 and 1.3838. Another rise towards 1.3838 is expected later today...
5 March 2010 GBP/USD 1.5048 Technical Analysis Pound/Dollar traded hesitantly on Thursday within the 1.5012 - 1.5124 range, closing the day at 1.5032. Today at 9:30 are the PPI and Halifax housing...
5 March 2010 Daily Forex Analysis EURUSD continues to move sideways in a range between 1.3435 and 1.3838. As long as 1.3838 resistance holds, the price action in the trading range is treated as consolidation of downtrend from 1.4579 and one more fall to 1.3300 is still possible. ..
4 March 2010 GBP/USD 1.5061 Technical Analysis Pound/Dollar followed the Euro upwards on Wednesday, as Dollar weakened across the board, climbing from 1.4981 to 1.5132, closing the day at 1.5098...
4 March 2010 Daily Forex Analysis USDCHF’s fall from 1.0887 extends to as low as 1.0648. Deeper decline is expected later today and target is to test 1.0608 key support, a breakdown below this level could indicate that the uptrend from 1.0132 has completed at 1.0898 already...
3 March 2010 GBP/USD 1.5012 Technical Analysis Pound/Dollar traded hesitantly on Tuesday within the 1.4863 - 1.5032 range, closing the day at 1.4970. Today at 9:30 is the CIPS services, and BOE meeting begins...
3 March 2010 Daily Forex Analysis After touching 1.3443 previous low, EURUSD bounced from 1.3435, suggesting that a short term cycle bottom is being formed on 4-hour chart...
2 March 2010 GBP/USD 1.4940 Technical Analysis Pound/Dollar sank on Monday with around 450 pips after polls showed hung parliament and investors sold huge. The Cable dropped from 1.5233 down to 1.4777 yesterday, closing the day at 1.4987...
2 March 2010 Daily Forex Analysis EURUSD continues to trade in range between 1.3443 and 1.3691. Another bounce to test 1.3691 resistance would more likely be seen later today, if this level gives way, further rally could be seen to 1.3800 area...
1 March 2010 GBP/USD 1.5166 Technical Analysis Pound/Dollar continues to drop convincingly, forming sharp downward channel on the 3 hour chart. After correcting up to 1.5316 on Friday, depreciation went on down to 1.5161, closing the week at 1.5232.
1 March 2010 Daily Forex Analysis USDCHF broke below 1.0715 support, suggesting that lengthier consolidation of uptrend from 1.0132 is underway. Range trading is expected in 1.0608 and 1.0898 in next several days...
26 February 2010 GBP/USD 1.5293 Technical Analysis Pound/Dollar continued depreciating on Thursday, as expected, from 1.5420 down to 1.5194, closing the day at 1.5261. Today's focus is on the GDP Q4 at 9:30 GMT...
26 February 2010 Daily Forex Analysis GBPUSD breaks below 1.5350 support and the fall from 1.5815 extends to as low as 1.5190 level. Deeper decline is still possible after a minor consolidation and next target would be at 1.5000 area...
25 February 2010 GBP/USD 1.5343 Technical Analysis Pound/Dollar traded hesitantly on Wednesday within the narrow 1.5386 - 1.5470 range, closing the day at 1.5408. On the 1 and 3 hour chart the Sterling continues to show weakness, therefore our preferable scenario for now remains downwards...
25 February 2010 Daily Forex Analysis USDCAD might be forming a short term cycle top at 1.0593 level on 4-hour chart. Pullback to 1.0450 is expected later today. Resistance is now at 1.0593, above this level will suggesting that the fall from 1.0779 has completed at 1.0369 already, then further rally is expected to test 1.0779 previous high resistance...
