Trade Idea: USD/CAD – Buy at market level
Published by contact@actionforex.com (Action Forex) on 2010-09-03 00:00:18
Despite intra-day marginal fall to 1.0471 (previous support was Monday’s low at 1.0473), as the greenback has rebounded again, suggesting as long as this support holds, consolidation with upside bias would be seen for another rebound to indicated key resistance at 1.0678-80. Read More

Trade Idea Update: EUR/USD – Hold long entered at 1.2780
Published by contact@actionforex.com (Action Forex) on 2010-09-03 00:00:18
As the single currency has eased after intra-day rebound to 1.2839, suggesting further consolidation would be seen, however, as long as intra-day support at 1.2776 holds, bullishness remains for recent rise from 1.2588 low to resume and break of resistance at 1.2856 would bring stronger retracement of early decline to 1.2903 and possibly 1.2923, ho... Read More

Trade Idea Update: USD/JPY – Buy at 83.80
Published by contact@actionforex.com (Action Forex) on 2010-09-03 00:00:18
Despite dollar’s retreat from yesterday’s high of 84.67, as the rebound from 83.66 suggests further consolidation above recent 15-year low of 83.58 would take place, downside should be limited and bring another rebound later to said resistance, however, break there is needed to signal the fall from 85.91 has ended at 83.66 and then retracement ... Read More

USD Modestly Lower Ahead Of Employment Data
Published by Anonymous on 2010-09-03 00:00:17
The dollar traded mostly lower on Thursday ahead of important US employment data on Friday. The dollar index, down for six out of the last seven days, is approaching the important 82 support. If this support holds, a short-term USD rally may occur. Treasuries weakened. US pending home sales unexpectedly Read More

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