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Daily Currency Analysis

Posted 05-04-2009 at 03:30 PM by TraderPlanet.com (TradingEducation.com, Darrell Jobman, Editor-in-Chief)
by Darrell, Posted On: 05/04/2009

EUR/US$

The Euro continued to probe resistance above 1.33 against the dollar on Friday, but was unable to sustain moves above this level and consolidated just above the 1.3250 level.

Euro-zone markets were closed for the Labour Day holiday which curbed liquidity and also contributed to slightly narrower ranges during the day. There was some further caution ahead of the ECB council meeting next week, especially with members reluctant to make any public comments on potential quantitative easing.

The US data maintained the recent trend of stronger than expected forward-looking releases with an increase to 40.1 for the April manufacturing PMI index from...
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DAILY FORECAST FOR EURJPY

Posted 05-26-2009 at 11:33 PM by FX-Forecaster.com (The Daily Forecaster)
Bias: This does seem to have a stronger bullish structure but wait for break of 133.41

Price declined to 131.50 and from there has rallied to the other end of the key range I detailed yesterday at 133.41. Of course we need to watch USDJPY carefully and a break above 95.35-50 should see the 133.41 high broken. If seen then look for follow-through to 133.96 minimum and probably 134.43 (max 134.81.) Take care as this could hold in a very deep pullback. Thus only above 134.81 would extend to 135.52-59 at least. Also note resistance at 136.40 & 137.40.

For full analysis please open today's full report in PDF format.

For a full description of how to use the analysis please see the Analysis page of...
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Forex / European Session - 04/06/2009

Posted 06-04-2009 at 01:54 AM by Mataf (Currency Majors Technical Analysis)
EUR/USD - Euro Dollar1,4165. EUR USD is in an uptrend supported by 4H exponential moving averages. EUR USD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. daily ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The consolidation should continue. The price should find a support above 1,4050 (115 pips).
Resistances1,4200 - 1,4340Supports1,4105 - 1,4050
GBP/USD - British Pound Dollar1,6240. GBP USD broke 1,6355 support. GBP USD is in a consolidation after the last bearish movement.
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EURUSD breaks above 1.4143 resistance

Posted 06-11-2009 at 11:58 PM by ForexCycle.com (Free Forex Market Analysis)
EURUSD breaks above 1.4143 resistance, suggesting that the short term uptrend from 1.3804 has resumed. Further rally to 1.4200-1.4250 area is expected later today, and consolidation is expected before breaking above 1.4338 previous high resistance. Near term support is at the rising trend line on 4-hour chart now at 1.3970, a clear break below the trend line support will take price back to re-test 1.3804 support.



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