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Market View
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 FOREX (FOReign EXchange market) is an international foreign exchange market,
where money is sold and bought freely. In its present condition FOREX was
launched in the 1970s, when free exchange rates were introduced, and only the
participants of the market determine the price of one currency against the other
proceeding from supply and demand.
As far as the freedom from any external control and free competition are concerned, FOREX is a perfect market. It is also the biggest liquid financial market. According to various assessments, money masses in the market constitute from 1 to 1.5 trillion US dollars a day. (It is impossible to determine an absolutely exact number because trading is not centralized on an exchange.) Transactions are conducted all over the world via telecommunications 24 hours a day from 00:00 GMT on Monday to 10:00 pm GMT on Friday. Practically in every time zone (that is, in Frankfurt-on-Main, London, New York, Tokyo, Hong Kong, etc.) there are dealers who will quote currencies.
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Technical Analysis Reports (UPDATED) |
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Europe Session Performance
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Technical Market View
AUD/USD EUR/CHF EUR/GBP EUR/JPY GBP/JPY USD/CAD Gold SILVER CRUDEOIL DOW JONES
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Weekly Technical Commentary
USD/JPY Chart Levels: Support 108.00..107.20..106.40..105.50. Resistance 109.19..110.67..111.00..111.80 Once again the Ichimoku ?cloud? has done a splendid job in limiting sudden collapses. Because it is getting fatter over the coming month, and because the US dollar is fractionally oversold, we feel it should consolidate above 107.00 for another week or two....
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Mid-Day Forex Technical Report - Dollar Regains Ground after Initial Volatility, Yen Remains Pressured
Action Insight Mid-Day Report Dollar Regains Ground after Initial Volatility, Yen Remains Pressured Dollar recovers earlier losses against Euro and Swiss and surges into US session, breaking last week's high. Recovery in Euro, Sterling and Aussie against the greenback after Treasury's plan to bailout Fannie Mae and Freddie Mac is...
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Currency Majors Technical Analysis
European Session EUR/USD - Euro Dollar 1,4223. EUR USD is in an downtrend directed by 4H exponential moving averages. EUR USD is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are flat. ForexTrend 1H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H...
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News from the US credit market
Good morning from wonderful Hamburg. Some of the currency pairs started with big gaps this week specially the GBPUSD. It opened about 230 pips higher than Friday which partly could be caused by the news from the US credit market. For the new week we wish you a nice start...
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Currency Technical Report
EUR/USD Resistance : 1,4420-30/ 1,4455/ 1,4480/ 1,4510/ 1,4540-50 Support : 1,4350-60/ 1,4300/ 1,4260-70/ 1,4200/ 1,4170/ 1,4130/ Comment : During a move that was caused by panic and surrender in the downtrend, euro broke important support levels at 1,4300-30 on Friday, and moved until 1,4200, as even the last euro bulls...
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Forex Technical Analysis on Majors
EUR/USD Current level-1.4279 EUR/USD is in ? downtrend from 1.6039 (15 July 2008). Technical indicators are descending and trading is situated below the 50- and 200-Day SMA, currently projected at 1.5256 and 1.5220. With the recent low at 1.4192 there is a chance, that a more significant bottom...
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