Confusion over if and when the Irish bailout will occur, has caused the euro to extend its losses from last week in overnight trading. Against the USD, the 16-nation currency dropped as low as 1.3126 before staging...
Market Review – 17/12/2010 21:42 GMT Euro tumbles after Moody’s downgrades Ireland by five notches The single currency tumbled against the U.S. dollar on Friday after Moody’s downgraded rating of Ireland to BAA1 from AA2 and said...
NZD/USD: For several weeks, the pair is on a downtrend. During the last session, a support at 0.7399 was broken down.AUD/JPY: A few sessions ago, the pair crossed the daily resistance at 82.85.
Rather prolific week in data releases coming from major economies just elapsed. But let’s leave fundamentals for a second part of report and start our week summary from technical analysis’ factors as probably the most weighty ones.
USDCAD stays in a trading range between 0.9977 and 1.0378. Moving sideways without trend in the range is still possible in a couple of weeks and bounce towards 1.0378 would more likely be seen next week. Support...
USDCHF’s fall from 1.0066 extends to as low as 0.9558 level. As long as 0.9463 previous low support holds, uptrend is expected to resume and another rise towards 1.0350 area is still possible. Resistance is at 0.9800,...
USDJPY is in uptrend from 80.30, the price action from 84.40 is treated as consolidation of uptrend. Pullback to 82.00-83.00 area to complete the consolidation is expected next week. Resistance is at 85.00, a clear break above...
AUDUSD is forming a cycle top at 1.0027 level on daily chart. Key support is at 0.9750, a break below this level will confirm the cycle top, then another fall to test 0.9537 support could be seen....
GBPUSD breaks below 1.5284 support, suggesting that the downtrend from 1.6298 has resumed. Deeper decline to test 1.5296 key support is expected next week, a break below this level will confirm that the long term uptrend from...
EURUSD is forming a cycle top at 1.3497 level on daily chart. The fall from 1.3497 could possibly be resumption of downtrend from 1.4281. Deeper decline to test 1.2969 key support is expected next week, a breakdown...
