Market Review – 27/07/2010 22:10 GMTEuro pares gains on a drop in U.S. consumer confidence Although the single currency rose above Monday’s NY high of 1.3006 and climbed to 1.3022 in European morning, euro then retreated from...
Crude continues to move within the sideway range shown below with minimum change worth mentioning since this morning. Thus, we hold onto our morning expectations and recommend returning to insure levels that must be watched, as well as...
On a weekly chart, the AUD/USD currency pair has formed Bullish Engulfing candlestick combination, which is a signal for an upward movement.
ForexPros Daily Analysis July 27, 2010 Fundamental Analysis: Core Durable Goods Orders The Core Durable Goods Orders measures the change in the total value of neworders for durable goods, excluding transportation. Because aircraft ordersare very volatile, the...
The pair managed to breach the correctional downside channel which led the downside correction that began from the permanent peak at 0.7634. This correction shows that it stopped at 38.2% Fibonacci around 0.6585 moving to the upside...
EURUSDThe pair succeeded in breaching 1.2935 and headed to the upside but it is not able till now to stabilize above 61.8% Fibonacci around 1.2990. Momentum indicators are showing negative signs that might force the pair to attempt a...
Crude’s trading is trapped within a sideway range between 78.50 and 79.35, where it is currently midway within the current bullish channel; therefore, any breach of both these levels will help crude gain speed in direction, where breaching...
Market Review – 26/07/2010 22:59 GMTEuro surges above 1.30 as solid US economic data boosts risk appetite Euro’s choppy moves were seen in Monday’s Asian morning following Friday’s volatile price action in NY after the stress-test results...
EURUSDThe pair is fluctuating around the resistance for the bullish channel attempting to confirm its breach; however, the negativity by Stochastic is pressuring the pair to move to the downside. We hold onto our morning expectations, aswe...
Crude declined sharply since this morning to breach the pivotal support at 78.50 activating the bearish technical pattern; targeting downside areas around the support at 77.10. We expect the bearish intraday direction to prevail as long as a...
