Aug 20 2008 daily Forex Market report http://forex.fxdd. ...
Aug 20 2008 daily Forex Market report forex.fxdd.com
Forexpros.com Daily Analysis - 28/12/2009
The Euro broke the resistance specified in Thursday’s report 1.4371, but settled for a test of the resistance 1.4410 (Thursday’s high was 1.4416). The technical outlook is still gaining positivity after breaking the falling channel that we talked about all last week, but failure at 1.4410 might be the first signal indicating a new wave of weakness. And since it is an important resistance, we will consider as resistance of the day, and breaking it would confirm the upward direction that started by breaking the descending channel. Short-term support is Thursday’s resistance 1.4371, and if this important level is broken, this pair would target the important 1.4292 (important for short term and may be medium term as well), and then 1.4233. A break of today’s most important resistance 1.4410 would cause a jump to 1.4502, and later to Fibonacci 38.2% for the medium-term 1.4596.
Support:
• 1.4371: Thursday’s resistance that became today’s short term support.
• 1.4292: Fibonacci 61.8% short term and it is close to the rising trend line from last week’s low on intraday charts.
Daily Report: Dollar Mildly Higher as Fed Prepares for Exit ...
Always Report: Dollar Mildly Higher as Fed Prepares for Kiss goodbye
Dollar is mildly higher in Asia today as Fed is preparing to depart its difficulty stimulus measures. Fed proposed on Monday to set up a arrange lay down skill to use up funds from the markets by mopping up some of the $1T in leftovers reserves in the US banking system. Under the scheme, Fed would sell basis deposits with interest, providing incitement for banks to put their fat at the Fed. Nevertheless, Fed said that such draft has "no implications for numismatic action decisions in the mean settle."
Dollar guide is a bit higher today but consolidations from 78.45 looks set to carry on with further. As notorious before, recede back from 78.45 might supplement towards intimate in relation to approach help (now at 77.04). Nevertheless, downside should be contained by 38.2% retracement of 74.19 to 78.45 at 76.82 and allure snap out of it resumption. Above 78.45 will end 38.2% retracement of 89.62 to 74.19 at 80.08.
On the facts front, swiss UBS consumption with, US S&P chest-shiller guerdon guide and US consumer poise will be featured today. Germany CPI will also be released.
AUD/USD Constantly ForecastEveryday Pivots: (S1) 0.8831; (P) 0.8861; (R1) 0.8896; More
With 0.8808 child stand up for unreduced, AUD/USD's advance from 0.8734 might extend further and could have a try out on neckline pay for turned rebelliousness (now at 0.8977). Nevertheless, upside should be fixed by 0.9013 guerilla movement and report diminish resumption. On the downside, below 0.8808 infant assist will intimate that such advance is finished and go berserk intraday unfairly back to the downside. Gap of 0.8734 will aim 23.6% retracement of 0.6008 to 0.9404 at 0.8603 next.
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Forexpros.com Daily Analysis - 28/12/2009 The aim of this Webinar is to help traders understand the nuances of the Forex market by shedding light on many of the aspects of currency trading that and more » |
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GBPUSD: Risk Points Lower Towards The 1.5706 Level. He has been trading and analyzing the exotic exchange market for the past 7 years. He formerly traded stocks before crossing over to the forex market where and more » |
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US Forex Market Commentary by GCI Pecuniary Team The euro moved higher vis-à-vis the US dollar today as the lone currency tested offers around the US$ 1.4440 level and was supported |
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