Action Insight - Forex Analysis (ActionForex.com)
Forex news and insightful analysis reports from ActionForex.com on spot forex market, covering EUR/USD, USD/JPY, GBP/USD & USD/CHF, and much more.
03/13/2010
Weekly Review and Outlook: Yen Fell on BoJ Speculation, Dollar Index at Critical Level
The Japanese yen weakened broadly last week as solid economic data from China boosted investors' optimism for recovery and risk appetite. S&P 500 broke January's high of 1150 briefly before closing 1149.99. Nikkei also managed to rise 382 pts to close at 10751. There were also additional pressure to yen...
more info
|
Action Insight - Forex Analysis (ActionForex.com)
Forex news and insightful analysis reports from ActionForex.com on spot forex market, covering EUR/USD, USD/JPY, GBP/USD & USD/CHF, and much more.
03/13/2010
EUR/USD Weekly Outlook
EUR/USD's consolidation from 1.3443 continued last week and rose further to as high as 1.3795. Initial bias remains on the upside this week and stronger rise could be seen. But after rally, we're expecting strong resistance at 1.3852 (38.2% retracement of 1.4578 to 1.3443 at 1.3861) and bring fall resumption...
more info
|
Action Insight - Forex Analysis (ActionForex.com)
Forex news and insightful analysis reports from ActionForex.com on spot forex market, covering EUR/USD, USD/JPY, GBP/USD & USD/CHF, and much more.
03/13/2010
USD/JPY Weekly Outlook
Despite edging higher to 91.08 last week, USD/JPY lose momentum with bearish divergence conditions in 4 hours MACD and RSI and made a short term top there. Initial bias is neutral this week and some consolidations should be seen below 91.08 first. Nevertheless, downside should be contained by 89.62 cluster...
more info
|
Action Insight - Forex Analysis (ActionForex.com)
Forex news and insightful analysis reports from ActionForex.com on spot forex market, covering EUR/USD, USD/JPY, GBP/USD & USD/CHF, and much more.
03/13/2010
GBP/USD Weekly Outlook
GBP/USD's consolidation from 1.4783 continued last week with another rise to above 1.5194 resistance. Initial bias remains mildly on the upside this week and further recovery could still be seen. But after all upside is still expected to be limited by 38.2% retracement of 1.6456 to 1.4783 at 1.5422 and...
more info
|
Action Insight - Forex Analysis (ActionForex.com)
Forex news and insightful analysis reports from ActionForex.com on spot forex market, covering EUR/USD, USD/JPY, GBP/USD & USD/CHF, and much more.
03/13/2010
USD/CHF Weekly Outlook
USD/CHF dropped sharply to as low as 1.0575 last week and initial bias remains on the downside this week for rising trend line support (now at 1.0448). While the fall from 1.0897 is deeper than we originally thought, there is no change in the view that it's a correction in...
more info
|
Action Insight - Forex Analysis (ActionForex.com)
Forex news and insightful analysis reports from ActionForex.com on spot forex market, covering EUR/USD, USD/JPY, GBP/USD & USD/CHF, and much more.
03/13/2010
AUD/USD Weekly Outlook
AUD/USD's rally from 0.8577 extended further to as high as 0.9193 last week. While upside momentum is diminishing, another rise will remain in favor as long as 0.9053 minor support holds. Current rally is still expected to continue towards 100% projection of 0.8577 to 0.9070 from 0.8802 at 0.9295 next....
more info
|
Action Insight - Forex Analysis (ActionForex.com)
Forex news and insightful analysis reports from ActionForex.com on spot forex market, covering EUR/USD, USD/JPY, GBP/USD & USD/CHF, and much more.
03/13/2010
USD/CAD Weekly Outlook
USD/CAD finally broke out from the five month range last week and dived to as low as 1.0154. The strong break of 1.0205 low invalidated our view and in turn indicates that whole medium term down trend from 1.3063 is still in progress. Initial bias remains on the downside this...
more info
|
Action Insight - Forex Analysis (ActionForex.com)
Forex news and insightful analysis reports from ActionForex.com on spot forex market, covering EUR/USD, USD/JPY, GBP/USD & USD/CHF, and much more.
03/13/2010
EUR/GBP Weekly Outlook
EUR/GBP edged higher to 0.9132 last week but failed below 0.9137 retreat and retreated sharply. The development suggests that consolidation from 0.9137 is still in progress and fall from 0.9132 should extend further to retest 0.8980. Nevertheless, we'd expect downside to be contained by 38.2% retracement of 0.8662 to 0.9137...
more info
|
Action Insight - Forex Analysis (ActionForex.com)
Forex news and insightful analysis reports from ActionForex.com on spot forex market, covering EUR/USD, USD/JPY, GBP/USD & USD/CHF, and much more.
03/13/2010
EUR/CHF Weekly Outlook
EUR/CHF finally built up some momentum last week and dived to as low as 1.4559 after SNB meeting. Initial bias remains on the downside this week and break of 1.4557 will confirm that whole fall from 1.5880 has resumed and should target 1.4315 low next. On the upside, above 1.4630...
more info
|
Action Insight - Forex Analysis (ActionForex.com)
Forex news and insightful analysis reports from ActionForex.com on spot forex market, covering EUR/USD, USD/JPY, GBP/USD & USD/CHF, and much more.
03/12/2010
EUR/JPY Weekly Outlook
EUR/JPY's rebound from 119.64 extended further to as high as 125.19 last week. As the cross is now very close to mentioned 125.22 cluster resistance (38.2% retracement of 134.36 to 119.64 at 125.26), we'd stay neutral initially this week. On the downside below 123.01 minor support will indicate that corrective...
more info
|
Action Insight - Forex Analysis (ActionForex.com)
Forex news and insightful analysis reports from ActionForex.com on spot forex market, covering EUR/USD, USD/JPY, GBP/USD & USD/CHF, and much more.
03/12/2010
GBP/JPY Weekly Outlook
GBP/JPY's recovery from 132.13 resumed last week and rose to as high as 138.04. Further rise could still be seen initially this week. But after all, we'd expect upside to be limited by 139.21 cluster resistance (38.2% retracement of 150.68 to 132.13 at 139.21, 61.8% retracement of 143.59 to 132.13...
more info
|
Action Insight - Forex Analysis (ActionForex.com)
Forex news and insightful analysis reports from ActionForex.com on spot forex market, covering EUR/USD, USD/JPY, GBP/USD & USD/CHF, and much more.
03/12/2010
Trade Idea: GBP/USD - Sell at 1.5290
Although intra-day rise to 1.5174 suggests a test of resistance at 1.5197 is likely, break there is needed to confirm another leg of corrective upmove from recent low at 1.4781 is under way and bring further gain towards 1.5289/90 (approx. 100% projection of 1.4781 to 1.5197 measuring from 1.4873), however,...
more info
|
Action Insight - Forex Analysis (ActionForex.com)
Forex news and insightful analysis reports from ActionForex.com on spot forex market, covering EUR/USD, USD/JPY, GBP/USD & USD/CHF, and much more.
03/12/2010
Trade Idea: USD/CHF - Sell at 1.0700
The greenback finally broke below indicated support at 1.0647-48, confirming our view that top has been formed at 1.0899 earlier and consolidation with downside bias is seen for correction of recent upmove towards 1.0563 (50% Fibonacci retracement of 1.0227 to 1.0899), however, near term oversold condition would limit downside and...
more info
|
Action Insight - Forex Analysis (ActionForex.com)
Forex news and insightful analysis reports from ActionForex.com on spot forex market, covering EUR/USD, USD/JPY, GBP/USD & USD/CHF, and much more.
03/12/2010
Trade Idea: EUR/USD - Buy at 1.3650
Despite intra-day rally to 1.3796, lack of follow through buying and current retreat suggest minor consolidation would take place and below the Tenkan-Sen (now at 1.3709) would bring retracement to the Kijun-Sen (now at 1.3667), however, the single currency should stay well above the Ichimoku cloud top (now at 1.3602)...
more info
|
Action Insight - Forex Analysis (ActionForex.com)
Forex news and insightful analysis reports from ActionForex.com on spot forex market, covering EUR/USD, USD/JPY, GBP/USD & USD/CHF, and much more.
03/12/2010
Trade Idea: USD/JPY - Buy at 90.00
Although dollar has risen again after intra-day brief retreat to 90.16, loss of near term upward momentum should prevent sharp move beyond 91.60/70 today and the greenback is expected to falter well below resistance at 92.16 and bring correction later.
more info
|
Action Insight - Forex Analysis (ActionForex.com)
Forex news and insightful analysis reports from ActionForex.com on spot forex market, covering EUR/USD, USD/JPY, GBP/USD & USD/CHF, and much more.
03/11/2010
USD/CHF Mid-Day Outlook
USD/CHF drops to as low as 1.0576 today so far and the break of 1.0608 cluster support (38.2% retracement of 1.0131 to 1.0897 at 1.0604) argue that correction from 1.0897 is deeper than we expected. Intraday bias remains on the downside and further fall could now be seen towards near...
more info
|
Action Insight - Forex Analysis (ActionForex.com)
Forex news and insightful analysis reports from ActionForex.com on spot forex market, covering EUR/USD, USD/JPY, GBP/USD & USD/CHF, and much more.
03/11/2010
EUR/USD Mid-Day Outlook
EUR/USD rises further to as high as 1.3795 today and stronger rally could still be seen. Nevertheless, recent price actions from 1.3443 are treated as consolidation to larger decline only. Hence, upside is expected to be limited by 1.3852 resistance to conclude the consolidation and bring fall resumption. Below 1.3622...
more info
|
Action Insight - Forex Analysis (ActionForex.com)
Forex news and insightful analysis reports from ActionForex.com on spot forex market, covering EUR/USD, USD/JPY, GBP/USD & USD/CHF, and much more.
03/11/2010
GBP/USD Mid-Day Outlook
GBP/USD's recovery from 1.4783 is still in progress and stronger rise might be seen to 1.5194 and above. Nevertheless, upside should be limited by 38.2% retracement of 1.6456 to 1.4783 at 1.5422 and bring fall resumption. On the downside, break of 1.4783 will confirm that recent down trend has resumed...
more info
|
Action Insight - Forex Analysis (ActionForex.com)
Forex news and insightful analysis reports from ActionForex.com on spot forex market, covering EUR/USD, USD/JPY, GBP/USD & USD/CHF, and much more.
03/11/2010
USD/JPY Mid-Day Outlook
USD/JPY rises further to as high as 90.96 in early US session and at this point, intraday bias remains on the upside for near term falling trend line (now at 91.36). Firm break there will affirm the case that correction from 93.74 has finished with three waves down to 88.13...
more info
|
Action Insight - Forex Analysis (ActionForex.com)
Forex news and insightful analysis reports from ActionForex.com on spot forex market, covering EUR/USD, USD/JPY, GBP/USD & USD/CHF, and much more.
03/11/2010
Mid-Day Report: Canadian Dollar Surges on Jobs, Yen Tumbles on US Retail Sales, Franc Strong
Canadian dollar surges in early US session after stronger than expected job report which showed 20.9k expansion versus expectation of 17.5k in February. Unemployment rate also fell to 8.2%. USD/CAD broke out of the five month range and dived through 1.02 level. On the other hand, Swiss franc is also...
more info
|
|
|
