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.
10/10/2008
EUR/USD Mid-Day Outlook
EUR/USD's outlook remains unchanged. Break of 1.3545 minor support indicates that recovery from 1.3443 has completed at 1.3785. Intraday bias is mildly on the downside for retesting this low. Break will confirm that recent decline from 1.4867 has resumed for next medium term fibonacci level of 61.8% retracement of 1.1639...
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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.
10/10/2008
GBP/USD Mid-Day Outlook
GBP/USD rebounds stronger after diving to as low as 1.6786 earlier today. Break of 1.7078 minor resistance indicates that an intraday low is in place. Some sideway trading could now be seen. Nevertheless, consolidation should be relatively brief as long as 1.7398 resistance holds. Below 1.6786 will bring decline to...
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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.
10/10/2008
USD/CHF Mid-Day Outlook
USD/CHF recovers mildly after diving to 1.1126 earlier today. Nevertheless, correction from 1.1486 is probably still in progress. Further decline is still in favor to 1.1086 cluster support (50% retracement of 1.0693 to 1.1486 at 1.1089). On the upside, above 1.1341 resistance will flip intraday bias back to the upside...
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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.
10/10/2008
Mid-Day Report: Volatile Stocks, Calm Currencies
Volatile prices actions continue today with Dow opens sharply lower and dives to below 8000 level briefly but rebounds strongly since then. The forex markets are relatively steady. Dollar and yen remain generally firm but struggle to ride on the falling global stock markets to make decisive break against Euro...
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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.
10/10/2008
USD/JPY Mid-Day Outlook
USD/JPY recovers mildly after reaching as low as 97.91. While some volatility might be seen, short term outlook remains bearish as long as 101.48 resistance holds. The fall from 110.66 is expected to extend further to have a test on 95.77 low at least. On the upside, above 101.48 will...
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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.
10/09/2008
EUR/JPY Mid-Day Outlook
EUR/JPY's break of 134.16 suggest that fall from 156.84 has resumed. Though, downside momentum is not too convincing yet. Nevertheless, further decline is still in favor as long as 139.72 resistance holds. Next downside target is long term fibonacci level of 50% retracement of 88.97 to 169.96 at 129.47. On...
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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.
10/09/2008
USD/CAD Mid-Day Outlook
USD/CAD's strong rally is still in progress and reaches as high as 1.1647 so far. At this point, intraday bias remains on the upside as long as 1.1416 minor support holds. Next upside target is key medium term resistance at 1.1874 (38.2% retracement of 1.6196 to 0.9056 at 1.1783). On...
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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.
10/09/2008
GBP/JPY Daily Outlook
GBP/JPY's recent decline resumes after brief recovery and dives to as low as 165.99 today, meeting mentioned target of 100% projection of 215.87 to 184.47 from 197.42 at 166.02. At this point, intraday bias remains on the downside. Sustained break of 166.02 fibo level will encourage deeper fall to next...
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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.
10/09/2008
AUD/USD Daily Outlook
AUD/USD's break of 0.6655 minor support indicates that recovery from 0.6445 has completed at 0.7135. At this point, intraday bias is lipped back the downside for retesting 0.6445 low. Break will indicate that recent decline from 0.8519 has resumed. On the upside, above 0.6891 minor resistance will suggest that consolidation...
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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.
10/09/2008
EUR/USD Daily Outlook
EUR/USD's break of 1.3545 minor support indicates that recovery from 1.3443 has completed at 1.3785. Intraday bias is mildly on the downside for retesting this low. Break will confirm that recent decline from 1.4867 has resumed for next medium term fibonacci level of 61.8% retracement of 1.1639 to 1.6038 at...
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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.
10/09/2008
USD/CHF Daily Outlook
USD/CHF's break of 1.1209 indicates that correction from 1.1486 is still in progress and should be deeper than we originally thought. At this point, further decline is expected to next target of 1.1086 cluster support (50% retracement of 1.0693 to 1.1486 at 1.1089). On the upside, above 1.1341 will flip...
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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.
10/09/2008
USD/JPY Daily Outlook
USD/JPY's break of 98.59 indicates that recent decline might have resumed. Short term outlook will remain bearish as long as 101.48 resistance holds. The fall from 110.66 is expected to extend further to have a test on 95.77 low at least. On the upside, above 101.48 will turn short term...
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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.
10/09/2008
GBP/USD Daily Outlook
GBP/USD's fall extends further to as low as 1.6786 today, taking out mentioned 61.8% projection of 2.158 to 1.7445 from 1.8668 at 1.6991. At this point, intraday bias remains on the downside and further decline is expected to next target of 61.8% retracement of 1.3680 to 2.1161 at 1.6538. above...
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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.
10/09/2008
Daily Report: GBP, CAD, AUD Hit Hard as Financial Crisis Deepens
Dollar and yen are generally higher today as global stock markets tumble following DOW's 678pts fall to 8579. Niikkei dropped nearly another 10% to 8276, having the worse weekly drop in history after a 98 year old Japanese insure Yamato Life files for bankruptcy. European stock markets also open sharply...
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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.
10/09/2008
Dow Drops Over 675 to Below 9000, Yen Buying to Resume?
The US stock markets tumble sharply for another day as worries that credit market crisis is spreading over to other parts of the economy intensify. Dow Jones Industrial Average plunges 678 pts, -7.33% to close at 8,579. S&P 500 drops over 7%, or 75 pts to 909.92. General Motors leads...
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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.
10/09/2008
GBP/JPY Mid-Day Outlook
With 4 hours MACD crossed above signal line, an intraday low is possibly in place. More consolidation could be seen in GBP/JPY above 170.88. However, recovery should be limited by 182.19 resistance and bring fall resumption to next short term target of 100% projection of 215.87 to 184.47 from 197.42...
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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.
10/09/2008
EUR/USD Mid-Day Outlook
EUR/USD's consolidation from 1.3443 is probably still in progress and further recovery cannot be ruled out. But such consolidation should still be relatively brief as long as 1.3907 resistance holds. Below 1.3545 minor support will flip intraday bias back to the downside. Further break of 1.3443 will indicate fall from...
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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.
10/09/2008
GBP/USD Mid-Day Outlook
No change in GBP/USD's outlook. Decline from 1.8668 is still in progress for next downside target of 61.8% projection of 2.158 to 1.7445 from 1.8668 at 1.6991, which is close to 1.7 psychological support. On the upside, while some recovery might be seen, consolidation should be brief and short term...
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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.
10/09/2008
USD/CHF Mid-Day Outlook
USD/CHF's recovery from 1.1209 continues in early US session. As this point, we'd still expect pull back from 1.1486 to be contained by mentioned 1.1214 support. Break above 1.1357 will flip intraday bias to the upside for retesting 1.1486 high first. Break of 1.1486 will indicate rise from 1.0693 has...
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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.
10/09/2008
USD/JPY Mid-Day Outlook
No change in USD/JPY's outlook. With an intraday low in place at 98.59, further consolidation could be seen with risk of stronger recovery. But upside is still expected to be limited by 103.32 resistance and bring fall resumption. On the downside, below 99.79 minor support will flip intraday bias back...
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