SearchTags: us dollarUSD/JPY Weekly Outlook16th February 2008 USD/JPY finally took out of established range and extended rebound from 104.96 to as high as 108.59 last week. Though, such rebound was limited slightly below mentioned target of 108.61/71 cluster resistance (38.2% retracement of 114.77 to 104.96 at 108.… more » Categories: Forex News Weekly Review and Outlook: Dollar Weakened on Recession Fear16th February 2008 Dollar weakened generally last week on intensified worry of recession in the US economy after dovish Bernanke Testimony as well as a string of poor economy data. That was a sharp contrast to the situation down under in Australia with Aussie boosted by st… more » Categories: Forex News EUR/JPY Weekly Outlook16th February 2008 EUR/JPYs strong rebound from 154.05 last week argues rise that started at 152.11 is still in progress. From a short term angle, initial bias remains on the upside this week. Break of 159.46 resistance will confirm this case and encourage further rally to… more » Categories: Forex News USD/CHF Weekly Outlook16th February 2008 USD/CHFs rebound from 1.0729 was limited at 1.1105 last week, just below mentioned key near term 1.1120 cluster resistance (38.2% retracement of 1.1596 to 1.0836 at 1.1126 and 138.2% projection of 1.0836 to 1.1120 from 1.0729 at 1.1121). Subsequent fall… more » Categories: Forex News USD/CAD Weekly Outlook16th February 2008 USD/CAD rebounded strongly last week after edging lower to 0.9920. Such rebound argues that correction from 0.9871 is still in progress. Initial bias is on the upside this week and break of 1.0126 cluster resistance (50% retracement of 1.0378 to 0.9781 a… more » Categories: Forex News |
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