The falling trend line on EUR/USD is still intact for now as the pair is currently testing the 1.3100 major psychological level. That area is in line with the 38.2% Fibonacci retracement level, which might act as...
EUR-USD Date: 06/03/2013 Time: 18:28 Price: 1.3000 Strategy: Short / Long Graph 4 hours
Economic news (7 March 2013) – The euro managed to gain some ground against the dollar early on Thursday, ahead of the ECB’s interest rate meeting later today. The euro fell to its lowest level in three...
USD: Bullish It seems that a midweek reversal is gaining traction as the U.S. dollar gained against most of its higher-yielding counterparts during yesterday’s trading.
GBP/USD has been forming its usual Asian box consolidation prior to the Bank of England interest rate decision. Strong breakouts typically take place during the actual event and the direction depends on the central bank’s rhetoric.
The USD/JPY pair shot straight up during the session on Tuesday in anticipation for the early Thursday morning Bank of Japan meeting. There should be some continuation of the ultra-dovish outlook by the central bank, and as...
The USD/CAD pair had a strong showing during the session on Wednesday as the Bank of Canada issued a very dovish statement. However, you can see that we did not break above the recent highs of the...
The GBP/USD pair fell below the 1.50 level during the session on Wednesday, which of course is a significant support level. We believe that this level will open the way for a much lower exchange rate in...
The EUR/USD pair had a very negative showing during the Wednesday session again, closing well below the 1.30 level. Also, as you can see on the chart we are decidedly below the 200 day exponential moving average,...
During the Wednesday session, the AUD/USD pair completely reversed what was once very bullish momentum, and now has to be looked at with suspicion. This market had bounced off of a very significant looking hammer at the...
