On a daily chart the EUR/GBP rebounded again after it failed to test the Fibonacci correction level 61.8. The viewpoint on the currency pair remains bearish, as the downside movement is still presented.
ForexPros Daily Analysis November 29, 2010 Forex Trend Analysis The EURUSD is bearish for this week and will look to move down.
EURGBP After a steep drop against the Pound, the Euro is now attempting to put in a short-term bottom at support. Several days in a row that ended near their close, with long wicked candlesticks, suggest that...
The euro zone continues to face debt concerns resulting in mass buy-ins for USD safe-haven positions against its European counterparts. The EUR/USD was down from a weekly high of 1.3790 to close Friday at 1.3241. The combination...
Market Review – 26/11/2010 20:59 GMT Euro falls to 2-month low on continued eurozone debt contagion fears and tension in the Korean peninsular The single currency remained under pressure throughout the day against the dollar Friday as...
USD/CAD: For the last three weeks, the pair is moving sideways between the resistance 1.0246 and the support 1.0075.NZD/USD: Following the breakdown of the support on 0.7975, the pair began to decrease, several weeks ago. Actually, the...
On Tuesday we experienced two highly important data releases that came from States. Namely, annualized Gross Domestic Product in the third quarter and also annualized Existing Home Sales.
Currency pair AUD/USD moves down aimed at 0.9646. On the whole, long-term outlook remains bullish as the uptrend is still taking place. However, it is recommended to close long-term positions in case of the support level 0.9646...
As expected Thursday’s trading was rather muted as the United States celebrated Thanksgiving effectively taking a massive amount of volume out of the markets. Friday will start basically in the same ranges that the markets have seen...
A potential bearish chart pattern signals a drop in the price of gold.
