AUD/USD Elliott wave count and Fibonacci levels, July 21, 2010
According to wave count this currency pair is now developing potential wave C of the intermediate uptrend. The wave will be confirmed if 0.8870 is broken to the upside
Category: Daily Forex Reports
Major Currencies’ Morning Report 21/ July /2010
EURUSDThe pair descended sharply yesterday to retest the resistance for bullish channel previously breached and turned into support, which currently ascended towards 1.2845. Signs of a bearish pattern which is a rising wedge are seen over four-hour...
Moving Averages
Moving averages can be used during trending and ranging time periods. If price had been moving ahead of the 50 day moving average or trading below the 200 day MA for a significant period of time and...
Crude Oil Morning Report 21/ July /2010
Crude pushed yesterday to retest support for the rising wedge previously shown, where it is currently ascending around 78.00, accompanied by momentum indicators entering overbought areas. Therefore, we hold onto yesterday’s scenario where we expect a bearish intraday...
EUR Higher from Risk Appetite ahead of Stress Test Results
For the moment, anyways, the EUR continues to enjoy the spotlight while the market awaits the results of the recent stress tests. Risk appetite in the market has surged from a wave of optimism.
EUR/USD 1.2890 – 21 July 2010
EUR/USD Open 1.2892 High 1.3022 Low 1.2842 Close 1.2882 After partial continuation of the ascending impulse, on Tuesday Euro/Dollar sharply dropped. The European currency depreciated from 1.3022 to 1.2842 yesterday, not matching the neutral Interbank sentiment projection,...
Daily Market Outlook by AceTrader
Market Review – 20/07/2010 22:16 GMTEuro falls from a fresh two-month high on disappointing U.S. corporate earningsAlthough the single currency maintained a firm undertone in Asian morning following Monday’s strong rebound from 1.2871 to 1.2992 and price...
Major Currencies’ Midday Report 20/ July /2010
EURUSDThe pair breached 1.2985 yet with no confirmations, where the four-hour closing was below this level as the pair started a sharp descend that neared pivotal support levels between 1.2890 – 1.2860. The breach of the mentioned...
Crude Oil Midday Report 20/ July /2010
Crude has found resistance around 77.35 as it builds a base on it to start the expected bearish wave for today. We can expect a bearish intraday direction due to support from the retest level for the previously...
Forexpros.com Daily Analysis – 20/07/2010
ForexPros Daily Analysis July 20, 2010 Fundamental Analysis: Fed Chairman Bernanke Testifies Ben Bernanke, US Federal Reserve Chairman, will be testifying in Washington DC, regarding America’s economic outlook and financial markets.