The JPY continued to move in a consolidated fashion against the USD. Asian bourses did gain for the most part as equities followed their global counterparts. Gold did push upwards yesterday as the USD lost ground to...
Crude strongly pushed upwards yesterday due to the positivity of momentum indicators that are currently losing bullish momentum after reaching the breached retest level for the bullish channel shown below. Signs of a rising wedge pattern are...
EUR USDThe pair succeeded in achieving yesterday’s suggested scenario flawlessly, touching resistance for the current bullish channel. Momentum indicators are showing negative signs that may force the pair to activate some bearish correction before attempting to achieve more expected...
Risk taking took over the marketplace yesterday, as the euro hit a two-month high against the U.S. dollar. A solid day for the global stock market as well as a successful bill auction in Greece, were the...
EUR/USD Open 1.2717 High 1.2736 Low 1.2528 Close 1.2723 On Tuesday Euro/Dollar decreased at first, as expected, than recorder significant rise as risk appetite returns to the market. The European currency appreciated from 1.2528 to 1.2736 yesterday,...
Market Review – 13/07/2010 21:54 GMTEuro rallies to a fresh two-month high on solid Greek bond auction and strong U.S. corporate earningsAlthough the single currency rose briefly to 1.2615 in Asian opening on improved risk appetites as...
It is always recommended that before you enter any trade, you should pan through varying chart tenors to see if your entry is supported on multiple time frames. Even when you have no pending entry sometimes you...
Crude extended beyond the 75.15 area temporarily, and as seen on the secondary image, this incline was a retest to the previously breached support for the minor channel preserving our expectations for intraday bearishness intact. We expect...
EURUSDThe pair attacked the critical 1.2545 support but reversed to the upside to stabilize above it once again. Accordingly our morning scenario is activated and remains valid as far as areas of 1.2470 remain intact.
USD/JPY Open 88.64 High 89.13 Low 88.37 Close 88.61 After climbing in the morning, on Monday Dollar/Yen decreased, loosing the earlier gains, not matching the positive Interbank sentiment at around +14%. The currency couple depreciated from 89.13...
