Forex

Posts Tagged ‘losses’

Outlook for the pair continues to point to the downside after bear pressure pushed GBP further lower the past week. This is coming on the back of its previous week losses and has now opened up further downside risk towards the 1.5326 level, its Aug 31'10 low. On a turn

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• The Daily Forecaster: EURUSD (0)
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With a reversal of its Monday losses occurring today, further upside threats are now building up towards the 0.9078 level and beyond. On a violation of there, ways will open for a move higher towards the 0.9219 level followed by its May 04'10 high at 0.9265 with a clean penetration

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• Daily Technical Outlook (0)
• The Daily Forecaster: USDCAD (0)

A follow-through lower on the back of its Monday losses has now seen the pair targeting further lower prices towards the 1.5371 level, its daily 200 ema. On a turn below that level, the 1.5122 level, its July 21'10 low will be targeted with a break targeting more weakness. Its

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There is a strong risk that the break of 85.81 was not sufficient to reverse this higher. The key resistance to look out for is at 84.83. While this caps the risk remains for losses to resume back to the 84.45 area and then through 84.10-26 and to the 83.39-58

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• The Daily Forecaster: GBPUSD (0)
• The Daily Forecaster: USDCHF (0)

We saw a push into the 1.2718-44 resistance area and reversal. This should mean that the correction is complete and today beckons a new low. Losses could well be quite direct now with loss of the 1.2640-45 area breaking any chance of a bullish structure and triggering follow-through back to

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• AUD/USD Bullish Breakout (0)
• $ Index, Still Longer Term Bull but Near Term Risk (0)

Having followed through lower on the back of its Monday losses, the cross now looks to weaken further after cutting through the 107.30 level, its 2010 low in today's trading. With a failure of that level seen, the 106.75 level, its Sept'2001 low will be aimed at ahead of

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• Daily FX Report (0)
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With a follow-through lower on the back of its previous week losses occurring the past week, threats are now seen towards the 107.30 level, its 2010 low. We expect that level to provide a strong support and turn the cross back up if tested. However, on a failure of that

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• Technical Analysis for Crosses (0)
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Although GBP took back its Monday gains on Tuesday, it is currently rallying higher again wiping out its Tuesday losses. This development suggests that a resumption of its recovery is now shaping up. This should target the 1.5832 level, its Aug 11'10 high at first with a loss of there

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• Eur/Usd: 1.2554 Is Important (0)
• The Daily Forecaster: AUDUSD (0)

AUDUSD: Further corrective weakness continues to shape up as a follow-through lower on its Tuesday losses is now underway. This suggests a push lower towards its big psycho level located at the 0.9000 level with that level envisaged to provide a strong support and turn the pair higher again.

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• The Daily Forecaster: USDCHF (0)
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The dollar lost some ground yesterday after the Fed has left interest rates unchanged, at 0.25%, and announced a new round of quantitative easing. Dollar's losses were short-lived as former support around 1.3230 provided a stable resistance and the euro is back to 1.3100, where it found support before the

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