Amendment to the US dollar from 04/14/2011
US dollar compared to the main revision of the pair:
The dollar-dollar pair weakened against almost all major currency pairs, except for the pound sterling, which was trading in a range against the US dollar. The US dollar remains bearish against the euro, Swiss franc and yen.
The dollar-dollar pair weakened against almost all major currency pairs, except for the pound sterling, which was trading in a range against the US dollar. The US dollar remains bearish against the euro, Swiss franc and yen.
US Dollar vs Commdoll:
With the exception of the dollar commodity pair, the dollar still looks weak, compared to the CAD and AUD, the dollar rose slightly, but there is no downward pressure on the dollar yet.
Conclusion:
Due to the downward pressure of the US dollar on almost all major currency pairs and commodity dollars, we expect the US dollar to remain bearish against all major currency pairs and the dollar as a whole for today.
Starring Analyst Arif Makmoor
InstaForex group of companies © 2007-2011
Euro Review 14.04.2011
Euro vs older couple:
Europe rose against the US dollar and pound sterling, but the Eurodollar fell against the yen and franc.
Euro vs Camdol:
Unlike the Aussie, the Europaier appears to have traded in a variety of situations (red: both buyers and sellers), with the euro temporarily bullish before the pair returns to a sideways range; But even if the euro pair wins against the loonie, the euro pair will lose the kiwi.
Conclusion:
Since only two Euro-Dollars were won against the majors and lost to the other two Euro pairs, one pair moved away from Camdol, another won and the rest lost, based on all the above information, we predict the Euro pair will now be "overbought" Caught in a situation.
Starring Analyst Arif Makmoor
InstaForex group of companies © 2007-2011
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