Posted by ActionForex.com | Posted in Forecasts / Analysis, Forex News | Posted on 31-08-2008
Weekly Review and Outlook Yen Could Dominate in a Week of Central Banks and Key US Data The Japanese yen was the biggest winner last week as seen with yen crosses topping the top movers chart. While most of the moves were done on Friday following the 170pts fall in Dow, such declines did have the significance of indicating that yen is regathering strength for medium term rally. As discussed before, most yen crosses should have topped out in Jul, except USD/JPY. The pair has been steady due to
Posted by ForexCycle.com | Posted in Forecasts / Analysis, Forex News | Posted on 30-08-2008
USDCHF traded in range between 1.0842 and 1.1084 for several days. As long as 1.0842 support holds, we'd expect up trend to resume, and further rise is possible to 1.1200 level. However, a break below 1.0842 key support will indicate that the rise from 1.0010 has completed, and then pullback could be seen to 1.0600 zone. For long term analysis, USDCHF broke above 1.0623 (May 8 high) long term resistance, suggesting that the long term down trend from 1.3288 (2005 high) has completed. The rise
Posted by FXstreet.com | Posted in Forex News | Posted on 29-08-2008
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Posted by FXstreet.com | Posted in Forex News | Posted on 29-08-2008
FXstreet.com (Barcelona) - The GBP/JPY has drawn a good downtrend line. Bearish sentiment is not like to end any time soon. Immediate support is seen at 198.40, while dynamic support is seen at 198.00 (currently the pair is hovering around 198.70).
If we see a break of the supports, the 192.00 region would be considered. On the other hand, if the pair gets a good support around 198.40, attempting long would be challenged in a short term trading.
Posted by FXstreet.com | Posted in Forex News | Posted on 29-08-2008
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Posted by FXstreet.com | Posted in Forex News | Posted on 29-08-2008
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Posted by FXstreet.com | Posted in Forex News | Posted on 29-08-2008
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Posted by FXstreet.com | Posted in Forex News | Posted on 29-08-2008
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Posted by FXstreet.com | Posted in Forex News | Posted on 29-08-2008
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Posted by FXstreet.com | Posted in Education, Forex News | Posted on 29-08-2008
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