Don’t Trade Against The Trend:
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...
Category: Daily Forex Reports
The EUR Pares Gains Following Swiss Franc Rally
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 1.1931 – 9 June 2010
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%,...
Major Currencies’ Morning Report 09/6/2010
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...
Crude Oil Morning Report 09/6/2010
Crude stabilized above the retest level for the previously shown bearish technical pattern; therefore causing us to currently drop it from current calculations.
Daily Market Outlook by AceTrader
Market Review – 08/06/2010 21:37 GMTEuro edges up against the greenback on rebound in U.S. stocksDespite falling in NY session on Monday due to renewed cross-selling in euro versus yen, good buying interest at 1.1900/10 area contained...
Crude Oil Midday Report 08/6/2010
Crude succeeded in breaching the pivotal support mentioned this morning at 71.10, while the last four hour candlestick closing was below it; therefore, the bearish technical pattern was activated. This makes us maintain our morning expe ctations as...
Major Currencies’ Midday Report 08/6/2010
EURUSD The pair is close to touching the awaited level where it has currently descended to 1.2005; a minor bearish technical pattern has formed at 1.1910 and we expect it to effect trading today. Our expectations for...
Forexpros.com Daily Analysis – 08/06/2010
ForexPros Daily Analysis June 8, 2010 Fundamental Analysis: Fed Chairman Bernanke Speaks Traders of the US look forward to the Fed Chairman Bernanke Speech tomorrow June 9. The Fed Governor Ben Shalom Bernanke was born in 1953....
USD/JPY 91.44 – 8 June 2010
USD/JPY Open 91.50 High 92.08 Low 91.02 Close 91.36On Monday Dollar/Yen made a sharp decline, in line with the Interbank sentiment at around -58%, after which the losses were recovered. The currency couple depreciated down to 91.02...