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Currency Matrix
US Dollar Matrix
Sun, May 18 2008, 22:48 GMT
by William Basa
Global Market Research, Inc. (GMR)
OVERVIEW: The big confrontations this week look to be bearish weekly trend at 1.0070/88CAD vs its June/weekly breakdown support at .9941/01, and the opposite weekly uptrend in Aussie vying against its Q2 target high zone at .9594/.9614. Although both long term zones are expected to hold for the week, a break/close thru opens the door to reaccelerated downside in the US$. Elsewhere, weekly momentum in Sterling is still bearish, but the failure to break down last week leaves a neutral setup. Bearish weekly trend is immediately above 1.9615/30; the larger (re)sell zone is the developing June area at 1.9755/90. Euro did turn its weekly trend neutral and can force larger correction high to May level at 1.5860. $/JPY and $/Swiss both have neutral setup and are expected to range trade. MXP is neutral in terms of weekly trend, but with negative bias that points toward 10.3270/10.2795 this week.
Published on Sun, May 18 2008, 22:55 GMT
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Published On Mon, Jun 16 2008, 11:22 GMT - Currency Matrix
Published On Sun, Jun 1 2008, 16:12 GMT - Currency Matrix
Published On Mon, May 26 2008, 10:42 GMT - US Dollar Matrix
Published On Sun, May 18 2008, 22:48 GMT - Currency Matrix
Published On Sun, May 11 2008, 11:34 GMT
Global Market Research, Inc. (GMR)
| Montpelier, Vermont
http://www.globalmarketresearch.com | FXTechinfo@globalmarketresearch.com
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