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Forex: EUR/USD: Euro, consolidation above 1.3550, forming a triangle pattern

FXstreet.com (Barcelona) ? The Euro, which has been consolidating between 1.3550 and 1.3585 during Thursday?s Asian session, is shaping a triangle pattern on the hour5ly charts, according to Tim Salem, collaborator at FXstreet.com.Salem affirms that the Euro is trading into an ever-narrowing pattern off 1.3532 daily dynamic support: ?Hourly Consolidation continues as Price now attempts to Breach an Hourly Symmetrical Triangle/Wedge Formation coming off of 1.3532 Daily Dynamic Support. Upside Directionality sees 1.3569 Static Support followed by the 1.3589 Hourly

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Forex: USD/JPY: Dollar, fails to break above 94.25

FXstreet.com (Barcelona) - The Dollar has failed on its attempt to break resistance level at 94.25 on its rebound from 2-months low at 93.85, and the pair has returned to levels around 94.20.According to Tim Salem, collaborator at FXstreet.com, the pair is facing resistance at the hourly 20 SMA: Price finds Hourly Consolidation between 93.87 and 94.27, as the Hourly 20SMA provides Dynamic Resistance at 94.37 to the Daily Pivot of 94.53. Continuation see Daily Static Resistance at 95.04

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USD/JPY tests 96.90 resistance

FXstreet.com (Barcelona) - After rising around 40 pips in the last hour, the USD/JPY has risen from 96.57 to reach 96.89 and test the 96.90 resistance. Currently the pair is trading around 96.70/80 after coming to the positive daily land, now the pair is rising 0.05% so far today. Along the day, USD/JPY has been traded in a small range between 96.50 and 96.70For more information, read our latest forex news.

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Forex: EUR/USD: Euro, testing 1.3400 support

!--TITOL: h1Forex: EUR/USD: Euro, testing 1.3400 supportFITITOL--FXstreet.com (Barcelona) ? The Euro is testing intra-day support at 1.3400/1.3390 area after having declined from intra-day highs at 1.3430, the pair is moving sideways between these two levels in the European session, ahead of the Non-Farm Payrolls report.br /br /According to Tim Salem, the Euro is going through a horizontal range of congestion: ?Price remains within a larger Horizontal Range of Congestion anchored by 1.4953 Daily Dynamic Support and 1.5155 Daily Static Resistance,

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Support & Resistance By Acetrader

--------------------------------------------USD/JPYUpdate Time:09 Dec 2008 01:23 GMTRange Forecast+92.57 / 93.00+Resistance/SupportR: 93.10/ 93.52/ 93.91S: 92.57/ 91.97/ 91.58--------------------------------------------EUR/USDUpdate Time:09 Dec 2008 01:58 GMTRange Forecast+1.2870 / 1.2910+Resistance/SupportR: 1.2968/1.3031/1.3081S: 1.2895/1.2850/1.

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Forex: USD/CAD tests 1.1675 resistance after rejecting from 1.1540

Fxstreet.com (Barcelona) - After finding support at 1.1540, the USD/CAD has risen around 135 pips to recover its initial daily loses and test the 1.1675 resistance level. Currently the pair is trading around 1.1655/65, 0.10% above today's opening price.The Mataf.net team says: USD/CAD is in an downtrend directed by 4H exponential moving averages. USD CAD is in a consolidation after the last bearish movement. The volatility is low. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. The

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Forex: AUD/USD: Dollar drops from 0.7616 resistance, remains above 0.7550

FXstreet.com (Barcelona) ? Yesterday's rally from 0.7480 support level was halted on Asian session at 0.7620 high and the pair has dropped to levels around 0.7550 right above support at 0.7540.According to the E-Forex Team, the Dollar is on a positive bias in both daily and hourly studies: ?Support at .7480 managed to hold on yesterday's pullback and the upside is under renewed pressure today, trading around the .7600 mark. Extended gains may aim recent top side at .7700/10 while

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