Dollar firmer across the board
Posted on August 26, 2009 at 12:01 in Short-Term Analysis by Valeria BednarikNo Comments »

The USD is stronger across the board, even against Japanese yen, as equities retain a negative tone and risk appetite remains thin ahead of the US data to be release in about 30 minutes or so. Europeans are testing key support/resistance zones, yet closer to start a more interesting correction favoring greenback that runing back higher. Of course, Durable Orders will define that.

EUR/USD has supports at current 1.4270 area, and 1.4240, GBP/USD supports are at 1.6200/20, ahead of 1.6160, while USD/CHF needs to clear 1.0655 to reach the 1.0700.

Resistances on the other hand for EUR/USD are at 1.4300, 1.4340 and 1.4375; for GBP/USD at 1.6310, 1.6350 and 1.6400; supports for USD/CHF are at 1.0620 1.0580 and 1.0580. 

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Levels to watch on Euro and Gbp
Posted on August 7, 2009 at 10:30 in Short-Term Analysis by Valeria Bednarik2 Comments »

Both majors have turned slightly bearish in 4 hours charts against greenback, still could well be a correction as we are far form a trend change. Key levels to watch are as follow:

Eur/Usd:  supports 1.4335 1.4300 1.4240  resistances 1.4400 1.4445 1.4500

Gbp/Usd: supports 1.6710 1.6660 1.6600  resistances 1.6810 1.6860 1.6900

 

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Market update
Posted on April 21, 2009 at 15:29 in Short-Term Analysis by Valeria BednarikNo Comments »

Both Gbp and Japanese Yen, are breaking or close to break upside ranges: Gbp around 1.4660, barely 3 pips above it, better if moves above 1.4680, attemping for a short term rally to 1.4710/30 zone. Japanese yen fighting around 98.60 (seems 98.45 cleared), also better if above 98.77/85 to retest th 99.16 zone. Euro is fighting with a descendant trend line in 4 hours charts, coming from yesterday’s hig, around 1.2670/80. Candle opening above favor more buying in the pair.

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