Forex

Posts Tagged ‘resistance’

The pair remains biased to the upside having held firmly above the 0.9078 level. This has created scope for more upside towards the 0.9219 level. While this level may present a considerable resistance on initial test, we believe it should give way for a run towards its May 04'10 high

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• USDJPY Has Prospects For The 93.74 Level (0)
• Forex Technical Update (0)

Price action on USD/CAD (a 4-hour chart of which is shown) as of Thursday (9/02/2010) has settled above 1.0470 support once again after having just descended from a key resistance re-test in the 1.0670 price region, which formed a double-top high. This all occurs within the context of a short-term

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• Technical Analysis Daily: GBP/USD (0)
• EURUSD: Struggling To Recover Higher (0)

With a rally seeing the pair pushing above its minor resistance at the 1.2770 level, its Aug’27’10 high, recovery strength could be developing towards its Aug 18’10 high at 1.2921. Further out, resistance is located at the 1.3332 level with a break resuming its short term uptrend towards its .50.

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• EURUSD Forms Low Trading Range (0)
• Foreign Exchange Market Commentary (0)

With a rally seeing the pair pushing above its minor resistance at the 1.2770 level, its Aug'27'10 high, recovery strength could be developing towards its Aug 18'10 high at 1.2921. Further out, resistance is located at the 1.3332 level with a break resuming its short term uptrend towards its .50.

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• USDJPY: Corrective Price Action Dominates (0)
• Chart of the Day – USD/CAD (0)

The USD/CAD is in a range roughly between 1.0150 and 1.07. To be more specific, there is historic resistance at 1.0670. After 2 tests, today's price action so far heading into the US session, is a reversal candle. If the candle is equal or larger than the previous up-candle, it

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• Daily Technical Outlook (0)
• Eur/Usd: 1.22 Level Purchases Coming From The Reaction (0)

EURO: The Euro was brought down from the friday's high of 1.2780 levels to current 1.2738 levels. Immediate resistance continues to be at 1.28 levels while the support continues to be near 1.26 levels. Rangebound session can be seen for the day. Medium term tone: Neutral to slight bearish.

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• EURUSD: Struggling To Recover Higher (0)
• AUD/USD Breaks out; Awaiting Throwback (0)

Strong rise in Dollar-Yen (85.87) on intervention fears since Friday. Has broken the downtrend since the 92.88 high of 04-June. Might now target next resistance near 86.50. Weakness in the Yen has translated into a bounce in the Aussie (0.9015). In fact, the Aussie had gained on Friday itself, rising

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• Technical Analysis Daily: USD/JPY (0)
• Technical Analysis Daily: USD/JPY (0)

Risk of a recovery higher continues to develop as the pair saw a halt in its nearer term weakness the past week. This development now leaves the EUR angling for further recovery towards its Aug 18'10 high at 1.2921. Further out, resistance is located at the 1.3332 level with a

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• Chart of the Day – GBP/JPY (0)
• Technical Analysis Daily: GBP/USD (0)

EURUSD: Having closed higher on Thursday following its Wednesday gains, EUR continues to search for a full corrective recovery momentum. A follow-through higher should open up further upside risk towards its Aug 18'10 high at 1.2921. Further out, resistance is located at the 1.3332 level with a break of there

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• Daily Technical Analysis (0)
• Chart of The Day: GBP/USD (0)

EURO: The Euro (1.2712),corrected towards 1.2764 (as expected) however maintains the overall downtrend. Immediate resistance still is maintained near 1.2760 1.28 levels while the support continues to be near 1.26 levels. Additional weakness is likely in the pair as we see the dollar raising higher on the back of

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• Market Morning Briefing (0)
• Market Morning Briefing (0)