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USDJPY: Seeks For A Direction
The pair continues to struggle and search for a direction but while trading within its established long term falling channel, it retains its medium term downtrend bias. As that continues to shape up, risk is seen towards its Mar 0110 high at 89.47 with...
EURUSD – Weak And Targeting The 1.3536 Level
EURUSD - With a strong sell off pushing the pair through its Mar 15'10 low at 1.3638 on Thursday, risk is now seen towards its next downside target located at its Mar 09'10 low at 1.3536. However, despite its current downside pressure, EUR still retains...
Technical Analysis Daily: USD/JPY
Dollar/Yen is trading hesitantly this week within the small 89.75 - 90.89 range, as seen on the 15 minute chart, in converse with the very negative bank sentiment at around -59%. On Thursday the currency couple dropped down to 89.75, from where it rose...
Trade Idea: EUR/JPY – Buy At 121.50
As the single currency has remained under pressure, suggesting this week's fall from 125.36 may bring stronger retracement of early rise from 119.66 and weakness to 121.84 (61.8% Fibonacci retracement) cannot be ruled out, however, minor support at 121.45/50...
Trade Idea: AUD/USD – Buy At 0.9100
As aussie retreated after faltering below this week's high of 0.9253, suggesting further consolidation would take place and retracement to 0.9050/60 is likely, however, renewed buying interest should emerge above this week's low at 0.9096 and bring another...
EUR/JPY Elliott Wave Analysis
Despite Monday's marginal rise to 125.36, as the single currency failed to close above indicated resistance at 125.24 on a daily basis, the retreat from there suggests further consolidation would be seen and weakness to 121.00 cannot be ruled out, however,...
USD/CHF Elliott Wave Analysis
Although dollar fell again as suggested in our previous update and met our indicated downside target at 1.0509-15 (previous resistance and 50% Fibonacci retracement of 1.0130 to 1.0899), as this move from 1.0899 is still treated as retracement of the...
Forex Technical Analysis
EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are neutral, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.4793 and 1.4169.
Daily FX Report
While the EUR/USD crossed its resistance around the 1.3797 level as shown in the yesterday's report the currency pair rebounded heralded by a long packing Doji close to a bearish trend-line. For the time being it seems that the support around 1.3597 stops...