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  1. DAILY FORECAST FOR USDCHF

    by
    FX-Forecaster.com
    , 05-06-2012 at 11:01 PM (The Daily Forecaster)
    [B]BIAS[/B]: The initial burst higher has been seen and the upside should now be more choppy

    [B]Resistance[/B]:... 0.9270........ 0.9290... 0.9310... 0.9334
    [B]Support[/B]:........ 0.9233-47... 0.9210... 0.9190... 0.9175-80

    [B]MAIN ANALYSIS[/B]: The break above the 0.9167-89 target area has reached the bottom end of the next resistance at 0.9270-90. This has a chance of seeing a pullback to the 0.9233-47 area at least that could provide the launching pad for the next rally above 0.9270 to 0.9320-40 from where a further correction is likely.However, take care as there is some ambiguity and take a long look at the 0.9233-47 area to ensure it will hold else the alternative is a pullback to around 0.9210 ...
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  2. ForexCycle.com's Avatar

    AUDUSD breaks below 1.0225 previous low

    by
    ForexCycle.com
    , 05-06-2012 at 09:50 PM (Free Forex Market Analysis)
    AUDUSD breaks below 1.0225 previous low support and reaches as low as 1.0110, suggesting that the downtrend from 1.0855 (Feb 29 high) has resumed. Further decline could be expected after a minor consolidation, and next target would be at 1.0000 area. Resistance is at 1.0200, as long as this level holds, the downtrend from 1.0474 will continue.



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  3. EUR/USD Breaks Uptrend Support on Greek, French Election Results

    by
    Yohay
    , 05-06-2012 at 08:26 PM
    Euro/dollar starts the week with a big break: the pair started trading much lower, with a Sunday gap under uptrend support and below 1.30.

    Election results in France and Greece are unfavorable for the euro. It managed to find support on low support. Where will this stop? Updates.

    EUR/USD Downfall

    At the time of writing, the pair is trading at 1.2970. The pair started at 1.3023 and never managed to reconquer the 1.3050 line or uptrend support which is at around 1.3065.

    Read the rest of the article [B][U][URL="http://www.forexcrunch.com/eurusd-breaks-uptrend-support-on-election-results/"]EUR/USD Breaks Uptrend Support on Greek, French Election Results[/URL][/U][/B]
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  4. GBP/USD Outlook May 7-11

    by
    Yohay
    , 05-06-2012 at 07:50 PM
    The British pound had a rare off week, as GBP/USD was down 130 pips, closing the week at 1.6141. The upcoming week is very busy, with ten releases, including Manufacturing Production and PPI Output. Here is an outlook for the upcoming events, and an updated technical analysis for GBP/USD.

    The pound lost ground against the dollar, as the Services and Manufacturing PMI readings both were below the markets expectations. As well, HPI data continues to point to a weak housing sector, as consumers continue to be cautious about making major purchases, such as a new house.

    Read the rest of the article [B][I][URL="http://www.forexcrunch.com/gbpusd-outlook-may-7-11/"]GBP/USD Outlook May 7-11[/URL][/I][/B]
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