Recently, the pair has been showing volatility as after the breakout of the neckline showed in our previous reports around 0.8605, Fibonacci 38.2% correctional level halted the short-term downside trend which took the pair to the upside...
GBP/USD Open 1.4926 High 1.5003 Low 1.4917 Close 1.4935On Thursday Pound/Dollar traded hesitantly, in converse with negative Interbank sentiment at around -18%. The Cable was moving within the 1.4917 – 1.5003 range yesterday, closing the day at...
Crude was pushed to the upside according to yesterday’s suggested scenario, although the pivotal resistance has halted around 76.80 as a strong barrier in front of more bullish movement; thus retesting the previously breached neckline that has...
EURUSDThe pair inclined sharply, breaching the pivotal resistance of 1.2330 but couldn’t stabilize above it fro long time. The resistance line of the major descending channel is currently valued at 1.2435 represent the technical objective of the...
The U.S. dollar traded well against riskier currencies like the AUD and loonie in overnight trading, but at the same time, took some losses on currencies like the yen and euro. Investors are trying to digest the...
EUR/USD Open 1.2318 High 1.2379 Low 1.2261 Close 1.2331After partial downward correction, as expected, on Thursday Euro/Dollar recorded insignificant further recovering. The European currency first fropped to 1.2261, from where it appreciated 1.2379 yesterday, in line with...
Market Review – 24/06/2010 21:45 GMTDollar falls against euro and yen on Fed’s cautious US outlookThe greenback remained under pressure versus the Japanese yen on Thursday as traders sold the pair after Fed turned cautious on U.S....
Crude managed to build the expected base on 75.75 and bullishly rebound, but it is facing a hard time surpassing the sideway range shown above, which is at 76.50. The suggested morning scenario is activated, thus we...
EURUSD The pair has been moving to the downside since this morning due to the effect of the strength from the pivotal resistance at 1.2330 that is currently forming resistance for the bearish channel that seems to...
USD/JPY Open 89.93 High 90.58 Low 89.49 Close 89.80On Wednesday Dollar/Yen continued descending, in line with the Interbank sentiment at nearly -62%. The currency couple depreciated from 90.58 to 89.79 yesterday, closing the day at 89.80. Today...
