The candlestick analysis of NZD/USD for 30/06/2010
Earlier on a 4-hour timeframe the NZD/USD currency pair has formed Doji candle on upward trend. Favorable fact for downward motion is that this candle has developed around strong resistance
Month: June 2010
Crude Oil Midday Report 30/ June /2010
Crude strongly pushed to the upside after breaching 75.75 but halted at the MA 50, in addition to 38.2% Fibonacci correction, standing as a barrier in front of achieving more upside movement.
Major Currencies’ Midday Report 30/ June /2010
EURUSD The pair strongly rushed to the upside and is nearing the retest level for yesterday’s breached channel around 1.2315. The 50 MA is attempting to impede restrict more bullish movement, with stochastic entering overbought areas. Our...
Forexpros.com Daily Analysis – 30/06/2010
ForexPros Daily Analysis June 30, 2010 Fundamental Analysis: ISM Manufacturing Index Traders of the US anticipate the publication of the Institute of Supply Management (ISM) Manufacturing Index. It tracks the amount of manufacturing activity that occurred in...
USD/JPY 88.69 – 30 June 2010
USD/JPY Open 88.67 High 89.41 Low 88.30 Close 88.58 After quiet Monday, on Tuesday Dollar/Yen resumed descending, in line with the strong negative Interbank sentiment at around -66%. The currency couple depreciated from 89.41 to 88.30 yesterday,...
CAC in Depth
After the index breached the support for the medium term upside wave on April 27, while confirming the breach with several retest attempts, the index rushed to the downside correcting the entire upside move that started from...
Daily Forex Analysis by Finexo.com 30/06/2010
Uncertainty flooded the markets yesterday, as concerns escalated over the global economic recovery following a disappointing release in U.S. consumer confidence, a downward revision to China’s leading indicator index and an unanticipated rise in the Japanese unemployment...
USD – Wall Street Continues Its Decline
The USD gained versus the EUR Tuesday as doubts continued to mount regarding the European Union’s ability to cope with their economic crisis. The fallout from the EUR centric negative sentiment and the added ‘fire’ thrown onto...
EUR – Liquidity And Growth Concerns Hit Europe
The EUR essentially woke up on Tuesday morning and fell out of bed. The stability that the Single Currency has enjoyed the past couple of weeks has disappeared this week as caution has once again turned into...
GBP – Delay In The Final GDP Numbers
The GBP range traded on Tuesday as concerns regarding the EUR centric story shadowed the Sterling enough to create a headwind. Final Mortgage Approvals from the U.K. came in slightly under their estimate with an outcome of...