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Home page » Articles for May 2008 Year
 
Currency Technical Report Forex Trading
 
There is limited volatility, and this is a sign that the sideways consolidation may have come to an end. Intraday support is found at 1.9600-20 area and a clear break will lead to 1.9550 area. If the break of 1.9600 is confirmed and it turns into a resistance, then the...
 
 

 
Daily Technical Strategist Forex Trading
 
GBP followed through to the downside on its Tuesday weakness in early morning trading today, breaking below its April 15'08 low at 1.9598.Sustaining these losses at the end of today will suggest further price extension towards its 2008 lows at 1.9360/35 or even lower. The daily and weekly momentum indicators...
 
 

 
Technical Analysis Daily: USD/JPY Forex Trading
 
The downward trend of Japanese Yen against the US Dollar was stopped by the first support for today at 104.10, and the currency couple was pushed upwards towards its high rate 105.60, which is also the first resistance for today. Next resistance for the USD/JPY upwards is expected at 106.60,...
 
 

 
FX Thoughts for the Day Forex Trading
 
Dollar-Swiss has risen very well after the fall to 1.0428 yesterday. For today, the immediately crucial Resistance remains 1.0576. And then there is the stronger and even more crucial one at 1.0610-22. If this outer Resistance breaks, a strong rise towards 1.0660-80 could be seen. While the Resistance at 1.0576...
 
 

 
Daily FX Forecast Forex Trading
 
EUR/USD has fallen directly towards 1.5370-60 Friday bottom area earlier today after the break below 1.5460 first Support as it was suggested in our previous reports Today focus will be on US Pending Home Sales numbers at 14:00 GMT On downside, the bias remains bearish for test back towards 1.5360...
 
 



 
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