posted by
GAINSY
3 days ago
in USD, GBP, Technical
Despite intra-day brief bounce to 1.5158, as the British pound met renewed selling interest there and has fallen again on dollar's broad-based strength, suggesting recent decline is still in progress and may extend further weakness to 1.5015-20 (
posted by
GAINSY
3 days ago
in USD, EUR, Technical
Despite intra-day rally to 1.2998, as the single currency ran into heavy offers just below 1.3000 level and has retreated sharply, suggesting an intra-day top has been formed there and consolidation with downside bias is seen for test of the lowe
posted by
EJSuratos
3 days ago
in Technical, Special
Don't look now, but it seems as if activity is picking up in the forex market!
posted by
GAINSY
3 days ago
in Technical
EUR: The single currency continued to head north on dovish testimony from Bernanke, mixture of offers and stops at 1.2940-50 together with offers at 1.2960-70 and 1.2990 were tripped, some offers are still seen at 1.3000 with stops building above
posted by
GAINSY
3 days ago
in USD, Technical, Daily
USD/JPY recovers mildly today but stays below 103.30 temporary top. More consolidations could still be seen and intraday bias remains neutral. In case of deeper retreat, downside should be contained by 99.94 support and bring another rally. Above
posted by
GAINSY
3 days ago
in USD, GBP, Technical
Quick update: Dollar spiked against euro, with EUR/USD just missing 1.3 psychological level in early US session. In his testimony to the Joint Economic Committee of Congress, Fed chairman Bernanke warned that "premature tightening of monetary pol
posted by
GAINSY
3 days ago
in EUR, GBP, Technical
Although intra-day rally to 0.8590 suggests low has possibly been formed at 0.8398 earlier and consolidation with upside bias remains for gain to 0.8600-10, break of previous resistsance at 0.8637 is needed to signal early fall from 0.8815 top ha
posted by
GAINSY
3 days ago
in USD, CAD, Technical
Despite intra-day brief retreat to 1.0251 (we recommended to buy at 1.0260 yesterday), as the greenback found renewed buying interest and has rallied in line with our expectation, retaining our bullishness for recent rise to extend further gain t
posted by
GAINSY
3 days ago
in EUR, JPY, Technical
Current rally above last week's high of 132.78 confirms recent upmove has finally resumed and further gain to 133.50 and 133.90-00 would be seen, however, near term overbought condition should limit upside to 134.50 and reckon psychological resis
posted by
GAINSY
3 days ago
in USD, AUD, Technical
Although aussie has retreated again after recovering to 0.9842, break of recent low of 0.9711 (last week's low) is needed to confirm recent decline has resumed and extend weakness to previous support at 0.9672, however, a daily close below this l
posted by
EJSuratos
3 days ago
in Technical, Daily
Hold on to your seats, boys and girls! We're featuring some crazy setups on the dollar pairs today!
posted by
FXTimes
3 days ago
in USD, CAD, Technical
Bernanke: The USD is rallying across the board after Bernanke testified to the Joint Economic Committee. Although he said premature tightening could stifle economic activity, he did not talk about any expansion of QE. So we know the turning point