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Forex News and Historical market comments

Today's Market Comment | Calendar of Events | Weekly Indicators


March 10, 2010.



EUR-USD
Market should hold major support at 1.3537 before rising towards 1.3645 or even 1.3690 limit.

USD-CHF
Resistances lie around 1.0778 and 1.0795. It should test lower towards 1.0717 zone. A clear break of 1.0722 would be bearish.

GBP-USD
It may meet resistance in 1.4997 - 1.5001 zone for a drift down to 1.4932 zone, after which bounce to 1.5066 is anticipated.

USD-JPY
Current fall is near an end of wave around 89.62 zone, a rally should then procede to above 90.32. Fall below 89.28 would cancel this scenario.

NZD-USD
It should trade higher to 0.7055 while 0.6995 or 0.6981 offers support. Stop loss below 0.6935 zone.

AUD-USD
It should try higher up to 0.9144 - 0.9173. Entry point 0.9115 or 0.9099. After this rise, a correction is expected.

EUR-JPY
Market should hold major support at 121.28 before rising towards 123.19 or even 124.01 limit.

EUR-CHF
It looks set to visit further lower territory down to around 1.4621 - 1.4616. Its corrective attempts should fail ahead of 1.4630 or 1.4633. Stop loss above 1.4643 zone.

EUR-GBP
Should test support at 0.9045 while below 0.9069. If support at 0.9045 holds it can rise up to 0.9095, if not it should fall to below 0.9021 zone.

EUR-CAD
Current fall is near an end of wave around 1.3900 zone, a rally should then procede to above 1.4013. Fall below 1.3845 would cancel this scenario.

EUR-NZD
Market should not go lower than 1.9344 - 1.9285. After this move down it should go up to 1.9438 - 1.9472 area.

EUR-AUD
Market should not go lower than 1.4869 - 1.4822. After this move down it should go up to 1.4944 - 1.4973 area.

GBP-CHF
It may meet resistance in 1.6124 - 1.6125 zone for a drift down to 1.6076 zone, after which bounce to 1.6173 is anticipated.

GBP-JPY
Current fall is near an end of wave around 133.86 zone, a rally should then procede to above 136.04. Fall below 132.80 would cancel this scenario.

GBP-CAD
It may meet resistance in 1.5387 - 1.5403 zone for a drift down to 1.5323 zone, after which bounce to 1.5467 is anticipated.

GBP-AUD
It looks set to visit further lower territory down to around 1.6399 - 1.6339. Its corrective attempts should fail ahead of 1.6399 - 1.6528. Stop loss above 1.6650 zone.

CAD-JPY
Market should hold major support at 87.07 before rising towards 88.11 or even 88.53 limit.

NZD-JPY
Market should hold major support at 62.66 before rising towards 63.54 or even 63.85 limit.

AUD-JPY
It should test 83.13 area after which a sell off down to 81.57 or extended to 80.91 area is expected.

XAG-USD
It may attempt a test higher to 17.33 - 17.48 after which weakness may set it to a drift down to 16.95 limit.

XAU-USD
Market should hold major support at 1104.13 before rising towards 1128.43 or even 1134.97 limit.


Kindly provided by Realtime Forex.

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