Forex News and Historical market comments
August 21, 2008.
| EUR-USD |
A corrective/consolidation activity between 1.4677 and 1.4876 is likely for a while. |
| USD-CHF |
Current upmove should be over between1.1016 and 1.0976. A correction down to 1.0832 is anticipated. A break of 1.1055 is bullish. |
| GBP-USD |
It should trade higher to 1.869 or above 1.876 in extention. Supports at 1.858 and 1.8615. Stop loss below 1.8545 zone |
| USD-JPY |
While below 109.74 - 109.92 it might drop to 109.56 or below 109.27 zone. |
| EUR-JPY |
A drift down to 160.89 from 162.01 - 161.74 area could be followed by a consolidation/corrective activity. |
| EUR-CHF |
Current rise seems to be over near 1.6211 or 1.6244 for a retracement towards 1.6177 - 1.616 area. |
| EUR-GBP |
Current rise should end around 0.7919 or 0.7937. Objectives of this downmove are 0.7901 or 0.7883. A rise above 0.7955 is again bullish. |
| AUD-USD |
It should trade higher to 0.8762 while 0.8718 or 0.8705 offers support. Stop loss below 0.8691 zone. |
| NZD-USD |
A corrective/consolidation activity between 0.7089 and 0.7146 is likely for a while. |
| USD-CAD |
Market should pop up towards 1.0643 or 1.0687 this bullish scenario would be damaged if 1.0588 - 1.0569 zone is broken, a severe break down could then occur. |
| XAG-USD |
It looks set for gains to above 13.5133. Supports at 13.04 and 13.1667. A break of 12.9133 will damage this bullish structure. |
| XAU-USD |
A corrective/consolidation activity between 803.1133 and 821.4633 is likely for a while. |
Kindly provided by Realtime Forex.
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