With the parliament in Greece voting in favor of the austerity budget yesterday, most traders began to shift their portfolios to higher yielding assets in expectation of smoother sailing for the region, at least for a while.
Yesterday we said that we need to see the AUD/USD break above the red trend line – a line that formed the descending triangle in order to buy this pair. That is exactly what is has done...
The EUR/USD pair rose on Wednesday, but failed to move significantly over the 1.44 area. The pair is approaching the 1.45 area, and one has to wonder whether or not it will find the steam in order...
The GBP/USD pair rose as traders took on more risk after the Greek parliament voted to accept austerity measures. The pair is a barometer for risk, and this reaction isn’t necessarily surprising. The biggest issue this pair...
The USD/CAD market fell hard on Wednesday as the oil markets caught a bid. This is with the overall trend, and why we haven’t been recommending the buying of this pair. The area it has traded to...
The USD/CHF pair traded in a fairly tight range on Wednesday as the market grappled with the Greek austerity vote. The Franc lost some strength overall in the marketplace, but towards the end of the day it...
The USD/JPY pair fell on Wednesday, but managed to rally in the latter hours. The candle shape is similar to a hammer, and now looks like it wants to be supportive at these levels. We know that...
The Dollar Index (DXU11) depreciates for the straight third trading session to trade below the critical support of 74.70 on the event of recovery witnessed in the key equity index of the Dow Jones Industrials (DJIA). The...
Take a look at our market review on the majors : full report here Provided by atf-forex-trading.com
Greetings. Let’s take a look at the EUR/CHF. The pair has been trending down since the beginning of April and the question is – will the downtrend continue?
