ForexPros Daily Analysis September 16, 2010 Euro Dollar The Euro did not move enough to penetrate the support or resistance specified in yesterday’s report. But, when we investigate the rising move from 1.2586, we see that it...
The broad markets produced a day of range trading on Wednesday as the after effects from the Bank of Japan’s intervention were digested along with continuing mixed data from a variety of international spheres. The USD languished...
After exiting the main descending channel for an upside correction, the move ended at 38.2% Fibonacci at 83.35; failure to breach this level forced the index to reverse to the downside to continue the general bearishness which...
USDJPY: The JPY is unquestionably in the midst of a very strong run against the USD as inferred from the tight channel this pair has been trading in. However, yesterday’s price action does represent the first breach...
The most significant economic event yesterday was beyond any doubt Japan’s confirmation of a unilateral intervention in yen trading in order to put a stop to the soaring currency. The consequences were seen immediately and the yen...
EURUSDThe pair is trading between 61.8% and 50% correction, where Stochastic is heading to the downside as the pair is attempting to retest the level mentioned yesterday at 1.2915. From here, yesterday’s suggested scenario remains intact and we...
Crude stabilized around the awaited retest level at 75.40, in an attempt to breach it but was not able to build a base below it and thereby maintaining chances of yesterday’s scenario prevailing intact, supported by the...
Market Review – 15/09/2010 22:48 GMTDollar rallies from a fresh fifteen-year low against yen after BOJ’s interventionThe greenback surged against the Japanese yen on Wednesday as the Bank of Japan intervened in the currency market for the...
According to wave count this currency pair has just developed wave C of the daily downtrend and thus the whole downside movement from 137.75 (weekly wave A). The current upside movement is considered weekly corrective wave B.
ForexPros Daily Analysis September 15, 2010 Euro Dollar The Euro jumped strongly yesterday, even though it initially broke the support specified in yesterday’s report. We broke the important level specified in yesterday’s report 1.2920, and successfully reached...
