Updating our previous analysis, the metal breached the resistance for the sideways wave at 1602.00 which is the neckline for a bullish pattern. The breach was successful alongside series of stability and daily closings above the mentioned...
EURUSDThe pair continued its bullish movement breaching the neckline for the bullish technical pattern at 1.3330, where this breach encourages us to expect a bullish trend in overall trading for this week.
Crude is expected to push upwards towards pivotal resistance at 76.60 pointed out earlier, where it represents the neckline for the suggested bullish technical pattern that is currently forming.
As speculations that last week's spike in yen value was the result of another intervention from the Bank of Japan remain unconfirmed, Governor Shirakawa says that the BoJ is prepared to take appropriate action if needed. Despite...
View Probabilities for EUR, GBP, CHF, AUD and CAD by Johan Kriek Click to view larger image:
Market Review – 25/09/2010 02:38 GMTEuro rallies to its highest level versus usd since April after strong German Ifo indexThe single currency surged to the highest level since April against dollar on Friday as an unexpected rise...
Earlier at 4-hour graph the EUR/USD pair has formed the Shooting Star candlestick which gives a bearish sign. This candlestick formed after that the currency pair had made a huge upward motion, but a breakthrough failure of...
Concerns over the European economy rehabilitation reinforced. Asian and European trading sessions: Euro: Thursday saw the euro stepping back from the previously reached maximums against the greenback. The released Euro-zone fundamentals escalated investors’ concerns over the rehabilitation...
The major currencies had another day of range trading and the USD still has not been able to muster enough strength to remove itself from the weaker side of its trend. The Federal Reserve’s FOMC Statement continues...
With rising fears about additional monetary easing by the Federal Reserve, speculators have begun to exit many of their USD positions in favor of higher yielding assets. Bank intervention in Japan also has many investors weary of...
