US Dollar Technical Positioning Still Warns of Pullback in Days Ahead

THE TAKEAWAY: US Dollar technical positioning continues to warn of a larger corrective pullback in the coming days before the larger bullish trend regains momentum.

S&P 500 – Prices took out resistance at 1325.40 to expose the next upside barrier at 1341.90. A break above this boundary exposes 1358.90. The 1325.40 level has been recast as near-term support, with a push back below here on a daily close basis opening the door for a challenge of 1311.10.

Forex Analysis – Fundamental Analysis

Opposite the Forex technical analysis part, this Forex tutorial is created to show the way the major part of Forex Analysis – Forex fundamental analysis is held like, what are the advantages and importance of performing it and make a trader be little more familiar to this type of Forex Analysis – Forex fundamental analysis.

Two major parts of analyzing currency markets are technical analysis and fundamental analysis. One really great and clear difference between Forex fundamental analysis and Forex technical analysis is that first mainly studies the causes of market movements, while the other one is concentrating on the effect of market movements. The last one, Forex fundamental analysis, focuses on the economic and financial theories, developments of politics and determines the supply and demand forces.

Forex Analysis – Technical Analysis

This one of the Forex tutorials is directed to show the way the major part of Forex Analysis – Forex technical analysis is held like, what are the advantages and importance of performing it and make a trader be little more familiar to this type of Forex Analysis.

Two major parts of analyzing currency markets are technical analysis and fundamental analysis. The last one focuses on the economic and financial theories, developments of politics and determines the supply and demand forces. One really great and clear difference between Forex fundamental analysis and Forex technical analysis is that first mainly studies the causes of market movements, while the other one is concentrating on the effect of market movements.

USDCAD Analysis - May 19, 2012

USDCAD's upward movement from 0.9799 extends to as high as 1.0226. Further rise would likely be seen next week and next target would be at 1.0400 area. Support is at 1.0080, as long as this level holds, the uptrend will continue.

EUR/USD Prices May 23, 2012, Technical

The EUR/USD pair fell hard during the Tuesday session as fears of a breakup in the region continue. Adding to this pressure was the comments from former Prime Minister of Greece Mr. Papademos, who stated that the risk of Greece leaving the European Union was very real. This seemed to be enough to spook traders in the late hours of trading. Certainly, if there was a risk of bad headlines coming out overnight, the Americans didn’t want to hold onto the currency.