Trade Risk Management
EURUSD: We discussed the EUR on Friday and mentioned that Support and Resistance traders would be looking for an opportunity to go long if there was a bounce off Support. An entry did not materialize but if...
Category: Daily Forex Reports
Dow Jones Technical Analysis -Future contracts
After the index settled below the breached support for the medium term bullishness, which stopped after the 61.8% correction for the entire downside move from 14266 till 6461 held steady, where we can see a bearish pattern...
The Euro Sees 9-Year Low Vs. The Yen
Following the U.S. Non-Farm Payrolls publication on Friday, the Dollar and the Yen resumed their bullish trend. As a result, the Euro saw a 9-year low against the Yen, as the EUR/JPY pair dropped to the 108.06...
Crude Oil weekly Report 07/6/2010
Crude managed to achieve a sharp descend last Friday as it breached the neckline for the sugg ested previous neckline at 71.60, open trading this week on a bearish price gap.
Major Currencies’ weekly Report 07/6/2010
EURUSD The pair moved to the downside,breaching the support levels for the main descending channel due to the effect of the breach of the bearish technical pattern’s neckline at 1.2140, which will cause a quick bearish trend. Some...
EUR/USD 1.1918 – 7 June 2010
EUR/USD Open 1.1886 High 1.2210 Low 1.1878 Close 1.1968On Friday Euro/Dollar traded with a slight increase at first, later in the day collapsed under 1.2 on Hungary issues and good US payrolls data.
Daily Market Outlook by AceTrader
Market Review – 04/06/2010 21:36 GMTEuro tanks below $1.2000 level on European debt fears and selloff in US stocksEuro tumbled below $1.2000 for the first time since 2006 amid fears that the European debt problems are spreading...
Crude Oil Midday Report 04/6/2010
Crude rushed to the upside and neared touching the focal resistance over short and intraday basis at 75.75, and returning once again to near the retest level shown this morning at 73.85. The suggested morning scenario remains intact...
Major Currencies’ Midday Report 04/6/2010
EURUSD The pair touched the awaited level from this morning at 1.2215, where it started attacking the pivotal support at 1.2175; therefore, the suggested morning scenario will be activated since we have not witnessed a clear breach...
USD/JPY 92.69 – 4 June 2010
USD/JPY Open 92.59 High 92.88 Low 92.05 Close 92.69On Thursday Dollar/Yen continued trading upwards with weaker momentum, in converse with the Interbank sentiment at nearly -54%. The currency couple appreciated from 91.03 to 92.80 yesterday, closing the...