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Crown Forex Forex Analysis Archive
Below you will be able to search the entire forex analysis archive added by Crown Forex . You may filter the results, by category and year.Categories: Market Analysis - Fundamental - Technical - Futures - Central Banks | 2007 - 2008 On 10-10-2008 US Trade Balance Previous -62.2 BillionForecast -59.0 BillionDefinition It the largest component of... Read More On 10-10-2008 Major Currencies euroThe euro settled with 23.6% correction as the intraday upside move did not last as we said and now we are heading for a new downtrend expected to take us to a new l... Read More On 10-10-2008 Cross Rates EUR/JPYRisk filled the markets yesterday resulting in a major sell off of the Euro against the Yen as it was able to breach and close below the key support for the long... Read More On 09-10-2008 Visible Trade Balance UK Previous -7667 MillionForecast -7600 MillionDefinition In case of a lower decline ... Read More On 09-10-2008 Major Currencies euroThe euro entered and upside wave on intraday short term basis as this trend usually does not prevail long yet we expect further incline today reaching 1.3755 at lea... Read More On 09-10-2008 Cross Rates EUR/JPYAs investors gained their appetite, the Euro was able to incline against the Yen but is finding difficulty to breach the resistance level at 138.26 as it recorde... Read More On 08-10-2008 Euro Zone GDP Previous -0.2%Forecast -0.2%Definition The total market value of all goods and ser... Read More On 08-10-2008 Major Currencies euroThe pair continued to trade around 1.382% correction from the upside wave that started on 11 September and ended on the 22 of the month which resides at 1.3560 whic... Read More On 08-10-2008 Cross Rates EUR/JPYAfter the slight gain seen yesterday, the pair continued to decline today as it failed to breach the 74.6% correction level at 140.42 for the long term ascending... Read More On 07-10-2008 Germany Factory Orders SA Previous -1.7%Forecast 0.5%Definition The index reports the volume o... Read More On 07-10-2008 Major Currencies euroThe euro reached the key support level for the downside channel which resides alongside 1.382% correctional level for the last upside move that extend between 11-22, in S... Read More On 07-10-2008 Cross Rates EUR/JPYAlthough the pair continued to decline, we saw the key support for the descending channel at 137.27 was able to halt further losses resulting in a significant re... Read More On 06-10-2008 Ivey Purchasing Manager Index (SEP) Previous 51.5Forecast 51.0Definition Is a widely used indicator in industrialized ... Read More On 06-10-2008 Major Currencies euroThe steep downside channel that the euro was trading within since 22-09-2008 lead the pair to the 61.8% extension level for the downside wave that started on 15-07-... Read More On 06-10-2008 Cross Rates EUR/JPYAfter breaking the 38.2% correction for the long term ascending channel at 142.73, the pair returned to the trade within a downside channel pressured by the bear... Read More On 03-10-2008 US Non-Farm Payrolls Previous -84 ThousandForecast -105 ThousandDefinition The jobs report in all econo... Read More On 03-10-2008 Major Currencies euroThe pair is still in a downside channel as we near our medium term target at 1.3690 and the potention to extend its losses to 1.3580 in a short period of time if trading ... Read More On 03-10-2008 Cross Rates EUR/JPYThe Euro also fell against the Japanese Yen with the pair seemingly heading towards the 38.2% correctional level at 138.99 for the long term upside wave which en... Read More On 02-10-2008 Cross Rates Previous 1.1%Forecast -0.5%Definition Producer Price Index gauges the average chang... Read More On 02-10-2008 Major Currencies euroWe expect the pair to head towards the 11 September 2008 bottom at 1.3880 and we might see the pair go beyond this level indeed, from here we can see that the... Read More On 02-10-2008 Cross Rates EUR/JPYThe Euro continued to fall against the Japanese Yen as the pair continued to trade below the 23.6% correctional level at 150.80, the momentum indicators are show... Read More On 01-10-2008 Purchasing Managers Index (PMI) Previous 45.3Forecast 45.3Definition Is a widely used indicator in industrialized ... Read More On 01-10-2008 Major Currencies euroAnother vigorous downside movement took the pair near the 1.40 psychological barrier. We see mixed signals on the Stochastic indicator on the four hour charts that ... Read More On 01-10-2008 Cross Rates EUR/JPYThe pair is consolidating within narrow ranges between the 149.03 support and the 150.59 resistance level. The Relative strength indicator on the four hour chart... Read More On 30-09-2008 CPI Flash Estimate Previous 3.8%Forecast 3.6%Definition An index that measures the weighted aver... Read More On 30-09-2008 Major Currencies euroAs the pair failed to remain above the 1.4390 level yesterday, this resulted in downside movements taking the pair to the downside target at 1.4305. Today, trading return... Read More On 30-09-2008 Cross Rates EUR/JPYThe Euro also fell heavily against the Japanese Yen as the pair was able to breach the 151.56 support level but the downside movement stopped at the 148.83 level... Read More On 29-09-2008 Personal Income Previous -0.7%Forecast 0.2%Definition Total Personal Income is typically def... Read More On 29-09-2008 Major Currencies euroThe pair is trading at the key support for the short term ascending channel at 1.4420-1.4425. We see the pair in an oversold area according to the Stochastic indica... Read More On 29-09-2008 Cross Rates EUR/JPYStarting the week with a decline, the pair is now being oversold on the intraday charts according to momentum indicators suggesting the possibility of an upside ... Read More On 26-09-2008 GDP (QoQ)(2Q F) Previous 3.3%Forecast 3.3%Definition The total market value of all goods a... Read More On 26-09-2008 Major Currencies euroThe pair wasn't able to maintain enough momentum today to stay above the 38.2% correction level at 1.4700 for the upside channel that started on September 19, where... Read More On 26-09-2008 Cross Rates EUR/JPYMomentum indicators were able to adjust from an overbought area to result in downside movements as the pair once again failed to breach the 38.2% correction for ... Read More On 25-09-2008 New Home Sales (AUG) Previous 515 ThousandForecast 510 ThousandDefinition Is an economic indic... Read More On 25-09-2008 Major Currencies euroThe decline that occurred yesterday was a correction to the 38.2% fibonacci at 1.4600 for the upside cahnnel that started on September 19,2008. We are now in an asc... Read More On 25-09-2008 Cross Rates EUR/JPYCalm trading since yesterday as the pair is still consolidating around the 38.2% correction for the medium term ascending channel that started on 28-7-2008 after... Read More On 24-09-2008 Current Account (JUL) Previous -8.2 billionForecast Definition One of two parts of a nation's balance of paymen... Read More On 24-09-2008 Major Currencies euroTrading below the 1.4700 level could affect the daily and intraday trend. We see momentum indicicators are starting to adjust from the overbought area alongside dir... Read More On 24-09-2008 Cross Rates EUR/JPYIt seems like the breach of the 38.2% correction at 155.60 was a false breakout as the pair reversed movements to end trading yesterday below that level. As we s... Read More On 23-09-2008 Purchasing Managers Index (PMI) Previous 47.6Forecast 47.3Definition Is a widely used indicator in industria... Read More On 23-09-2008 Major Currencies euroThe pair is highly oversold yet the direction is gradually inclining along an upside short term channel targeting the 1.4960 level which is the 50% correction for t... Read More On 23-09-2008 Cross Rates EUR/JPYThe EUR/JPY pair was able to breach the 38.2% correction at 155.60 for the medium term downside channel that started on 28-7-2008 and ended on 18-9-2008, where a... Read More On 22-09-2008 Major Currencies euroThe pair is currently moving within an ascending triangle that could alter and indicate future downside movements; but until now, the short term trend is still to t... Read More On 22-09-2008 Cross Rates EUR/JPYHeavy fluctuations might be seen in the markets as momentum indicators are contradicting one another on different time frames yet it seems like the pair is more ... Read More On 11-09-2008 Trade Balance Previous -56.8 billionForecast -58.0 billionDefinition It th... Read More On 11-09-2008 Major Currencies euroBefore reaching the 1.42 levels, the pair underwent a massive selling wave reflected on the MACD indicator on the hour chart yesterday. We see the pair now declinin... Read More On 11-09-2008 Cross Rates EUR/JPYAs the EUR/JPY pair confirmed the close below the 100% correction for the medium term upside wave that lasted from 20-3-2008 till 23-7-2008, this added more down... Read More On 10-09-2008 Trade Balance Previous -7.684 billion Sterling poundsForecast -7.500 billion Sterling poundsDefinition ... Read More On 10-09-2008 Major Currencies euroAs we said yesterday, the weakening of the downside direction was expected but at the same time there are no signs of a reversal. We believe the pair will slightly inc... Read More On 10-09-2008 Cross Rates EUR/JPYOur target yesterday at the 23.6% Fibonacci level for the long term ascending channel that started in June 2001 and ended in July 2008 at 153.32 was reached but the... Read More On 09-09-2008 Major Currencies euroWe expect the pair to continue towards the 50% correction for the ascending channel at 1.3840. However on the short term, we have reached several supports that coul... Read More On 09-09-2008 Cross Rates EUR/JPYOnce again, the 100% correction for the medium term ascending channel which is also the 200 day moving average on the weekly chart limited further downside movem... Read More On 08-09-2008 Major Currencies euroTrading remains below the short term descending channel where the upside movements seen was a normal correction and as long as trading is below the 1.4450 and 1.455... Read More On 08-09-2008 Cross Rates EUR/JPYThe 100% correction for the medium term ascending channel which is also the 200 day moving average on the weekly chart proved its strength as it was able to limi... Read More On 05-09-2008 Employment Report Previous -51 KForecast -75 KDefinition The jobs report in all economies is g... Read More On 05-09-2008 Major Currencies euroTrading below the 1.4550 level has to pressure the pair to the downside further where as we said yesterday, this level is where the medium term and short term trend... Read More On 05-09-2008 Cross Rates EUR/JPYThe Euro extended losses further against the Yen as it recorded a 13 month low after breaking the short term trend to the upside. The downside correction is curr... Read More On 04-09-2008 Factory Orders Previous -2.9%Forecast 0.3%Definition The index reports the volume of orders and r... Read More On 04-09-2008 Major Currencies euroRemaining below the 1.4450 level will keep the trend to the downside where failing to breach the mentioned level will halt further upside corrections! Despite break... Read More On 04-09-2008 EUR/JPYLittle change is seen in the levels the pair is being traded at as it remains within a sideways pattern. On an intraday basis, direction and momentum indicators ... Read More On 03-09-2008 Gross Domestic Product Previous -0.2%Forecast -0.2%Definition The total market value of all good... Read More On 03-09-2008 Major Currencies cadThe 1.0715 level was able to limit the pair's upside movements however it is still clear that the pair is targeting the 1.0825 level where the MACD indicator showed ... Read More On 03-09-2008 Cross Rates EUR/JPYDirection indicators have adjusted to pressure the pair to the upside as the ADX indicator on all timeframes supports the bullish movements. An upside correction... Read More On 02-09-2008 Major Currencies cadThe upside movements continue and today will be the first attempt to breach the 1.0715 level in order to reach the next target at 1.0825. If the pair fails to build ... Read More On 02-09-2008 Cross Rates EUR/JPYThe pair is being pressured to the downside as the ADX indicator is still showing bearish signals after the EUR/JPY pair successfully breached the 61.8% Fibonacc... Read More On 01-09-2008 Purchasing Managers Index (PMI) Previous 47.5Forecast 47.5Definition Is a widely used indicator in ... Read More On 01-09-2008 Major Currencies euroAnother attempt to decline towards the key support for the upside channel that started in November 2005 and ended on July 15, 2007 at the 1.4465 level yet we see a ... Read More On 01-09-2008 Cross Rates EUR/JPYThe pair has entered an oversold area on the weekly and daily basis giving it a good chance to rebound from the current 61.8% Fibonacci correction to the upside cha... Read More On 29-08-2008 Personal Income Previous 0.1%Forecast -0.2%Definition Total Personal Income is typica... Read More On 29-08-2008 Major Currencies euroThe European currency remained weak against the U.S. dollar, as the pair was till not able to breach the 1.4772 as this level pushed the pair back to the 1.4690 lev... Read More On 29-08-2008 Cross Rates EUR/JPYTrading for the pair is still trapped around the 50% fibonacci forrection for the upside wave that started on March 16, 2008 that lasted until July 20, 2008. Three ... Read More On 28-08-2008 Gross Domestic Product Previous 1.9%Forecast 2.7%Definition The total market value of all goods ... Read More On 28-08-2008 Euro Rises on presumptions that Trichet won’t lower rates Investors have been given good reason to start pricing out a rate cut in EuropeEUR/USDUSD/JPYGBP/USD... Read More On 28-08-2008 Euro Rises on presumptions that Trichet won’t lower rates Investors have been given good reason to start pricing out a rate cut in EuropeEUR/USDUSD/JPYGBP/USD... Read More On 28-08-2008 Major Currencies euroThe resistance level around the 1.4800 level is still causing the pair to decline and that is what happened today as well. On the short term, we see an ascending ch... Read More On 28-08-2008 Cross Rates EUR/JPYAs carry trading transactions were witnessed yesterday, the EUR/JPY pair was able to rebound to close above the 50% correction level at 160.81. Trading for today... Read More On 27-08-2008 Durable Goods Orders Previous 0.8%Forecast 0.0%Definition The general reference to durab... Read More On 27-08-2008 Major Currencies euroUnless traded above the 1.4800 resistance level, we can't accept any upside movements as a change in the direction of the pair. What we are witnessing until now is ... Read More On 27-08-2008 Cross Rates EUR/JPYThe EUR/JPY yesterday was able to breach the 50% correctional level for the upside channel where a confirmation of this breach will take the pair to its next tar... Read More On 26-08-2008 New Home Sales Previous 530 ThousandForecast 525 ThousandDefinition Is an economic indica... Read More On 26-08-2008 Major Currencies euroThe pair is now trading slightly above the 1.4670 which is the pivot point on the medium term and depends on the daily closing where just one close below it will open the... Read More On 26-08-2008 Cross Rates EUR/JPYThe pair is still undergoing the downside correction for the upside channel that started on 20-3-2008 and ended on 22-7-2008 where the bearish movements were lim... Read More On 25-08-2008 Existing Home Sales Previous 4.86 MillionForecast 4.91 MillionDefinition Existing Home ... Read More On 25-08-2008 Major Currencies euroFailing to build a solid base above the 1.49 level has resulted in the pair entering a critical situation where the 1.4670 is the pivot point on the medium term whe... Read More On 25-08-2008 Cross Rates EUR/JPYAs we saw last week, the pair is still undergoing a downside correction to the upside wave that started on 16-03-2008 and ended on 20-7-2008 yet it couldn't breach ... Read More On 22-08-2008 Major Currencies euroOn our way towards testing the 1.50 level where the pair will find several strong resistance yet we stell see tha tthe direction on the short term maintains enough bul... Read More On 22-08-2008 Cross Rates EUR/JPY The Euro against the yen was incapable of breaching the solid 160.80 level yesterday as the pair rebounded from there after finding good demand to close ag... Read More On 21-08-2008 Leading Indicators Previous -0.1%Forecast -0.2%Definition The Composite Index of Leading Indicators is relea... Read More On 21-08-2008 Major Currencies euroThe upside trend succeeded in providing the pair with bullish momentum as it continued to incline supported by the momentum indicators that show the pair is oversol... Read More On 21-08-2008 Cross Rates EUR/JPYThe Euro also continued to drop against the Yen since the pair was bale to breach the 200 days Moving Average at 162.08, however the pair was still not able to brea... Read More On 20-08-2008 Crude Oil Inventories Previous -0.4 Million BarrelForecast 0.7 Million BarrelDefinition The... Read More On 20-08-2008 Major Currencies euroThe pair stopped at the 1.4630 level and before reaching the 1.4615, it started to incline. We see the pair initiated an upside wave where the current decline could... Read More On 20-08-2008 Cross Rates EUR/JPYThe Euro declined as well against the Yen yesterday to the 50% correctional level at 160.80 which provided the pair with strong upside momentum to rise back above t... Read More On 19-08-2008 Housing Starts Previous 1066 ThousandForecast 960 ThousandDefinition The "New... Read More On 19-08-2008 Housing Starts Previous 1066 ThousandForecast 960 ThousandDefinition The "New... Read More On 19-08-2008 Major Currencies euroDue to the lack of a clear cut sign for the beginning of a correction, the pair continued to fall where the correction is expected to begin at any moment on the sho... Read More On 19-08-2008 Cross Rates EUR/JPYThe Euro also fell against the Yen after the pair breached the 200 days moving average at 162.08 which provided the pair with further downside momentum to reach the... Read More On 18-08-2008 Major Currencies euroThe pair is trying to correct to the upside but no signs on any of the indicators support the correction with the exception of the momentum indicator on the daily char... Read More On 18-08-2008 Cross Rates EUR/JPYThe Euro declined heavily last week against the Yen, however the pair was able to close above the 200 days Moving Average at 162.07 and that should provide the pair... Read More On 15-08-2008 Treasury International Capital Previous 67.0 BillionForecast 60.0 BillionDefinition The Treasury Interna... Read More On 15-08-2008 Major Currencies euroThe correctional level to the downside that we pointed out yesterday has been formed faster than we expected where the pair continued to decline due to the bearish ... Read More On 15-08-2008 Cross Rates EUR/JPYThe Euro continued to decline against the Yen yesterday however the 162.07 support level represented by the 200 days Moving Average was able to provide the pair wit... Read More On 14-08-2008 Consumer Price Index Previous 0.4%Forecast 1.1%Definition An index that measures the wei... Read More On 14-08-2008 Major Currencies euroAs the pair entered a neutral patternf ro the past four days, we expect a downside trend to form as showed on the medium term technical indicators. Trading today mi... Read More On 14-08-2008 Cross Rates EUR/JPYThe Euro managed to close above the 38.2% correctional level at 162.96 against the Yen, as the pair is undergoing a correctional wave in order to be able to gather ... Read More On 13-08-2008 Advanced Retail Sales Previous 0.1%Forecast -0.1%Definition It is one of the important indicators tha... Read More On 13-08-2008 Major Currencies euroTrading above the 161.8% fibonacci extension at 1.4850 gave the pair the opportunity to correct to the upside. But direction indicators don't support the upside tre... Read More On 13-08-2008 Cross Rates EUR/JPYThe Euro also continued to drop against the Yen after the pair breached the 38.2% correctional level at 162.96, however the pair couldn’t breach the 200 days ... Read More On 12-08-2008 Balance Of Trade Previous -59.8 BillionForecast -62.0 BillionDefinition Th... Read More On 12-08-2008 Major Currencies cadWe continue driving through the upside channel after our previous target at 1.0620 was breached which was represented by the 61.8% fibonacci extension for the wave t... Read More On 12-08-2008 Cross Rates EUR/JPYThe Euro continued to drop against the Yen as well, as the pair breached the 100 days MA at 164.52 and the 50% correctional level at 164.25 which further deepened t... Read More On 11-08-2008 Canadian Housing Starts Previous 217.8 ThousandForecast 210.0 ThousandDefinition Housing starts a... Read More On 11-08-2008 Major Currencies cadBuilding a solid base above the previous target at 1.0620 which is the 61.8% fibonacci extension to the upside wave which started on May 21 2008 and ended on June 10... Read More On 11-08-2008 Cross Rates EUR/JPYThe Euro also dropped against the Yen last week as the pair breached the main support for the medium term upside channel, and now the pair is trading above the 100 ... Read More On 08-08-2008 Canadian Unemployment Rate Previous 6.2%Forecast 6.2%Definition The percentage of total civ... Read More On 08-08-2008 Major Currencies euroTrading below 1.5380 has caused a critical change for the euro's outlook over the medium-term to the downside, and today's closing below this level is the final confirmat... Read More On 08-08-2008 Cross Rates EUR/JPYThe Euro also declined against the Yen on the back of the Euro's own weakness, the pair managed o breach many support levels so far including the major support at 1... Read More On 07-08-2008 Pending Home Sales Previous -4.7%Forecast -1.0%Definition The pending home sales index was developed... Read More On 07-08-2008 Cross Rates EUR/JPYSupported by a positive model represented by a Double Bottoms, the Euro was able to gain heavily yesterday after breaching the critical resistance at 168.41 which p... Read More On 07-08-2008 Major Currencies euro The euro's upside correction satisfied with 1.5515 and did not extend till 1.5540 and lead a strong downside wave due to the dollar's buying wave; the main su... Read More On 06-08-2008 Crude Oil Inventories Previous -0.1 Million BarrelForecast -Definition The... Read More On 06-08-2008 Major Currencies euroThe negative pattern managed further declines until the pair managed to break the upside medium-term trend as the wave was able to settle the pair back within the sideway... Read More On 06-08-2008 Cross Rates EUR/JPYThe Euro also rose today against the Yen as the pair was able to rebound yesterday from the strong support at 167.44 which provided the pair with strong upside mome... Read More On 05-08-2008 Crude is the market determinant as it drags down the bullion Gold declined to hit a six week low in the early morning Asian transactions as it failed to find any support from crude or the federal currency cutting back the demand for the safe haven as a hedge ag... Read More On 05-08-2008 Energy Market Black gold markets turned bearish as investors walked away from the markets that the global slowdown especially in the U.S. will cripple demand for crude oil since they are known to be the biggest cru... Read More On 05-08-2008 Cross Rates EUR/JPYThe Euro dropped back against the Yen as well after the pair breached the 38.2% correctional level at 168.07 and continued moving towards the downside, the pair see... Read More On 05-08-2008 Major Currencies euro Failing to trade above 1.5630 the pair is about to revert its medium-term trend to the downside as the
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