The pair recently retested the breached neckline for a bearish pattern explained in previous reports provided on the daily chart above. After the retest, the pair declined as expected though currently reached the 38.2% correction for the...
The currency and equity markets traded in rather consolidated fashion on Tuesday. Market participants continue to exhibit nervousness and there has been little in the way of economic data so far this week in order to push...
The EUR managed to trade in range on Tuesday as investors cautiously moved in what are still nervous circumstances. German Industrial Production data was released and turned in a slightly positive outcome, but as mentioned yesterday the...
The Sterling, like its counterparts, found itself mired in a rather tight range on Tuesday. The U.K. will release its Trade Balance statistics today, but the likely focus of investors will be on comments coming from the...
The JPY and USD pair proved that in times of crisis that they can turn in a song and dance routine that becomes rather well practiced. The currency pair moved in a consolidated manner as Asian bourses...
GBP/USD Open 1.4461 High 1.4526 Low 1.4352 Close 1.4469On Tuesday Pound/Dollar decreased with around 170 pips, in line with negative Interbank sentiment at around -46%. The Cable depreciated from 1.4526 to 1.4352, closing the day at 1.4469....
We tracked this pair since February as the 200 day Moving Average held firm support for the NZD. The major MA’s converged to within 40 pips of each other, which is very narrow (see blue arrow). Price...
The U.S dollar recovered versus the EUR on Wednesday after a swift move lower by the Swiss franc against both currencies. The EUR reversed its earlier gains as European shares fell, with concerns that Euro Zone debt...
EUR/USD Open 1.1919 High 1.2000 Low 1.1903 Close 1.1915On Tuesday Euro/Dollar traded within a 100 pip trading range. The European currency appreciated from 1.1903 to 1.2 yesterday, in converse with the Interbank sentiment projection, at around -16%,...
EURUSDThe pair is trading within the secondary ascending channel that is forming the flag pattern, where we expect it to lead to a retest of the previously broken support level that has descended towards 1.1995, as it naturally...
