Support Levels: 1.0450, 1.0380, 1.0244Resistance Levels: 1.0680, 1.0858, 1.0990On a 4-hour chart USD/CAD has recoiled from the resistance level of 1.0680 after a strong uprising movement. However, the short term attitude to the currency pair remains bullish....
Crude breached resistance for resistance for the bearish channel yesterday, where we notice that the bullish wave is wedged within the rising wedge that has breached its support, where it holds the ability help crude return within...
EURUSDThe pair was stuck above resistance for the previously breached bearish channel and below the retest level 1.2730; whereas momentum indicators lost bullish momentum and thereby maintaining chances of achieving yesterday’s suggested bearish scenario intact. We expect a...
Market Review – 26/08/2010 22:45 GMTDollar falls against most major currencies on risk aversions ahead of Bernanke’s speech The greenback dropped against most major currencies on Thursday, as investors were cautious ahead of U.S. Federal Reserve Chairman...
On Wednesday the euro versus the US dollar looked very volatile, though it was not able to show any trend. During the European session EUR/USD hit the maximum around 1.2725 after the level of business confidence in Germany...
ForexPros Daily Analysis August 26, 2010 Euro Dollar The Euro traded violently yesterday, breaking both the support & resistance we specified in yesterday’s report without reaching any of the targets in both cases. These “nervous” moves are...
Silver continues trading within the main ascending channel over medium term basis since the recorded bottom at 8.48 and halted temporarily at the top mid May of 19.80. The temporary stop was for a needed downside correction...
Additional poor data was reported from the U.S. on Wednesday as the New Home Sales completely missed its estimate. The outcome of 276k was far short of the 333k expectation. And troubling to investors was that the...
The German Ifo Business Climate reading provided some positive news for the E.U. on Wednesday with a mark of 106.7, which beat the estimate of 105.8. The EUR did trade in a stable range and managed to...
No major economic data came from the U.K on Wednesday and today only the CBI Realized Sales will be brought forth. Today’s release has an estimate of 23, which is below the previous result of 33. The...
