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Daily Forex Analysis – May 25, 2011
USDCHF Analysis. USDCHF stays in a trading range between 0.8747 and 0.8945. Another rise to test 0.8945 resistance would likely be seen later today, a break above this level will indicate that the uptrend from 0.8553 has...
Is It Possible to Have Panic Buying?
By Robert Folsom "Panic selling" is easy to understand and recognize: Investors rush to sell from the fear of loss. No more explanation necessary.
Daily Forex Analysis – May 24, 2011
AUDUSD Analysis. AUDUSD broke below 1.0505 support and reached as low as 1.0478, suggesting that the downtrend from 1.1011 has resumed. Further fall could be seen in next several days, and next target would be at 1.0300...
Daily Forex Analysis – May 23, 2011
GBPUSD Analysis. GBPUSD stays in a trading range between 1.6105 and 1.6302. As long as 1.6302 resistance holds, the price action in the range is treated as consolidation of downtrend from 1.6745, and another fall towards 1.6000...
EUR/USD: Falling on “Risk Aversion”? Let’s Look at the Timeline First
By Elliott Wave International From the May 4 top near $1.4950, the EUR/USD (the euro-dollar exchange rate and the most actively-traded forex pair) has fallen as low as $1.4050 on May 16.
Daily Forex Analysis – May 20, 2011
GBPUSD Analysis. GBPUSD remains in downtrend, the bounce from 1.6105 is treated as consolidation of downtrend. Key resistance is at 1.6301, as long as this level holds, another fall is still possible, and next target would be...
Daily Forex Analysis – May 19, 2011
AUDUSD Analysis. AUDUSD might be forming a cycle bottom at 1.0505 on 4-hour chart. Rebound toward the trend line from 1.1011 to 1.0888 would likely be seen in next several days. Support is at 1.0505, only break...
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Daily Forex Analysis – May 18, 2011
EURUSD Analysis. EURUSD broke above the price channel resistance, suggesting that a cycle bottom is being formed at 1.4048 on 4-hour chart. Range trading between 1.4048 and 1.4339 could be seen in a couple of days. Key...