Archive for May, 2008
AUD/USD - Australian Dollar US Dollar, European Session - 30/05/08
0,9557. AUD USD broke 0,9570 support. AUD USD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. Oscillators are neutral. The price should find a support above 0,9530. The consolidation should continue. The price should continue to move in 0,9530 / 0,9570 range. We won’t take a position.
Resistances
0,9570 […]
GFT Daily Market Commentary
Forex Market Commentary for May 30, 2008 by Cornelius Luca
GFT Daily Market Commentary
The dollar surged on Thursday despite a large drop in crude oil and gasoline supplies last week, as the Energy Department blamed the change ontemporary unloading delays on the Gulf Coast. Today should see consolidation, but the multitude of US data on […]
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Asian Morning Update 30th May 2008
Bewitched, bothered, bewildered and bemused
Releases from Europe:
May Forecast ActualItalian Bloomberg Retail PMI 31.4 (prior) 38.8French Bloomberg Retail PMI 46.2 (prior) 59.6German Bloomberg Retail PMI 44.6 (prior) 56.6Euro-zone Bloomberg Retail PMI 41.8 (prior) 53.1Euro-zone Business Climate Indicator 0.41 0.54Euro-zone Consumer Confidence - 12.0 - 15.0Euro-zone Economic Confidence +96.8 +97.1Euro-zone Industrial Confidence - 2.0 - 2.0Euro-zone Services Confidence +7.0 +8.0U.K. […]
EUR/USD - Euro Dollar, American Session - 29/05/08
1,5529. EUR USD broke 1,5600 support. EUR USD is in an downtrend directed by 15min exponential moving averages. The volatility is high. Bollinger bands are deviated. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The downtrend should continue to gather momentum. […]
GBP/USD - British Pound Dollar, American Session - 29/05/08
1,9762. GBP USD is in a range between 1,9690 and 1,9830. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Oscillators are neutral. The price should continue to move in Bollinger bands. We won’t take a position.
Resistances
1,9800 - 1,9830
Supports
1,9730 - 1,9690
Source :
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USD/CAD - US Dollar Canadian Dollar, American Session - 29/05/08
0,9846. USD CAD broke 0,9885 support. USD CAD is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are deviated. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The downtrend should continue to gather momentum. The […]
USD/CHF - Dollar Swiss Franc, American Session - 29/05/08
1,0475. USD CHF is in an uptrend supported by 15min exponential moving averages. The volatility is high. Bollinger bands are deviated. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CHF. The uptrend should continue on 1,0550 (75 pips) resistance. We won’t take […]
USD/JPY - Dollar Yen, American Session - 29/05/08
105,16. USD JPY is in an uptrend supported by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD JPY. The uptrend should continue on 106,00 (80pips) resistance. […]
GBP/JPY - British Pound Yen, American Session - 29/05/08
207,85. GBP JPY is in an uptrend supported by 1H exponential moving averages. GBP JPY is in a consolidation after the last bullish movement. The volatility is low. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP JPY. The price should find a […]
EUR/GBP - Euro British Pound, American Session - 29/05/08
0,7863. EUR GBP is in an downtrend directed by 1H exponential moving averages. The volatility is high. Bollinger bands are deviated. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR GBP. The downtrend should continue on 0,7830 (30 pips) support. We won’t take […]