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Currency Matrix
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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)
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Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
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