The AUD/USD pair fell during the session on Tuesday as we retested the 1.04 level for support. It did hold, and we bounced in order to form a hammer. However, we are still below the Wednesday shooting...
Concerns over the Euro Zone economy are presumed to continue weighing on the Euro in today’s exchanges after a weak German business confidence data highlighted the rising pain in the region’s stronger economies.
The Dollar Index is trading at the short term resistance of 81.00-81.20 ranges after the FOMC meeting yesterday. The Dollar Index may again expected to find resistance at 81.00-81.20 ranges from where is sold off during September...
Date: 12.11.2012 Time: 18:15 Rate: 79.44 4 Hour chart Last Review USD/JPY Forecast- It is possible to see that a descending price structure was created on the breaking of the 80.00 price level which indicates that the...
Date: 12.11.2012 Time: 18:05 Rate: 0.9479 4 Hour chart Last Review USD/CHF Forecast- The price has corrected the uptrend marked with blue broken line towards the 38.2% Fibonacci correction on the 0.9394 price level and immediately went...
Date: 12.11.2012 Time: 17:53 Rate: 1.0427 4 Hour chart Last Review AUD/USD Forecast- As it was written on yesterday’s review, the price has reached the 1.0747 target and stopped. Breaking of the 1.0387 price level will probably...
Date: 12.11.2012 Time: 17:46 Rate: 1.5872 4 Hour chart Last Review GBP/USD Forecast- The price did breach the 1.6000 price level and ascended towards the 1.6040 level which is an exact 38.2% correction of the downtrend marked...
Date: 12.11.2012 Time: 17:25 Rate: 1.2713 Daily chart Last Review EUR/USD Forecast- the price did correct the last downtrend (small arrow on the right) and immediately went back down while finally reaching the 1.27500 price level, which...
CFTC Commitments of Traders Report, 06 November 2012. Speculators continue to cover their short USD positions, taking the net position down to only 42,006 contracts from last week’s total of 75,689 contracts. When dissecting the aggregate net...
In yesterday’s European trading session, the Euro gained versus the Great British pound as it found little support from the Eurogroup meeting, wherein the officials decided to give more time for the indebted country to meet austerity...
