Home > Forex Analysis > February 2012

Commodities rise while USD falls

February 29, 2012 | 08:06 AM | Posted by Jack River

The analysis of the market may be confusing when the direction of the main currency is not clear. To do this easier, there is a tool of the dollar index, which measures the USD strength against other major currencies. An analysis of the chart shows; the dollar is in a clear downward trend. However, there is...

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USD under pressure of sales

February 28, 2012 | 09:06 AM | Posted by Jack River

After Aussie rose significantly, the pair began to fall slightly below the trend line. That could hint about the end of the uptrend.  If buyers would not manage to bring up the price over the resistance line (1.08-1.085), we can assume that the pair is about to fall downward...After Aussie rose significantly...

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Resistance levels in a test

February 27, 2012 | 09:37 AM | Posted by David Mason

The European currency reached last Friday the resistance point of 1.35, made by two technical indicators; the negative trend line that passes above the price keeps limit on, as well as the 200 Moving Average that doing the same. That could end the EUR’s positive momentum, and start drop the price...

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Silver reached a critical point

February 24, 2012 | 08:36 AM | Posted by Jack River

The British Pound is trading between the support level 1.565 on the bottom and the resistance line 1.588 on top. In the absence of trigger of breaking, it seems that in the short term trading between these levels will continue...

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USD is recovering slowly

February 23, 2012 | 07:44 AM | Posted by Jack River

The pair is shuffling recently with a slight tendency of declines - after an impressive rise since the end of the last year. Traders are still struggling about the next direction, and it seems that this time the Sellers will win. However, that depends on the breakage of the resistance point; 0.825. In case of...

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