Market Review – 19/11/2010 21:06 GMT Euro pares its gains against dollar despite Ireland’s bailout hopeThe single currency rose against dollar as investors expected Ireland would get its bailout in the coming future, however, worries over the...
Being supported by 0.9930 previous low, USDCAD traded in a range between 0.9977 and 1.0378. The price action in the trading range is likely forming a double bottom pattern. Another rise to test 1.0378 key resistance is...
USDCHF broke above 0.9971 resistance, suggesting that the downtrend from 1.1730 has completed at 0.9463 already. Further rally is expected and next target would be at 1.0100-1.0200 area. Key support is at 0.9463, only break below this...
USDJPY broke above the downtrend line from 94.98 to 85.92, suggesting that a cycle bottom has been formed at 80.30 level on daily chart, and the downward movement from 94.98 has completed. Further rally is expected in...
AUDUSD stays in a trading range between 0.9651 and 1.0182. As long as 0.9651 key support holds, the price action in the range is treated as consolidation of uptrend from 0.8066, and another rise towards 1.0500 is...
Being supported by the rising trend line from 1.5296 to 1.5649, GBPUSD rebounded from 1.5839. Now the bounce from 1.5839 is likely resumption of uptrend from 1.5296. Further rise towards 1.6298 previous high is expected next week,...
Being supported by the lower border of the price channel on daily chart, EURUSD rebounded from 1.3448 level. Further rise could be seen next week and target would be at 1.3900-1.4000 area. On the downside, a breakdown...
On a 4-hour graph the rollback of the USD/CAD currency pair was limited by the support level of 1.0160. Recently, the pair traded in the range of 0.9980-1.0160. The breakout of the important resistance level changed the...
The broad markets were dominated by three themes yesterday, foremost were the ‘whispers’ that Ireland is closer to accepting a joint European and IMF bailout for its banking and government debt. Second was the IPO of General...
Hello. Let’s take a look at the USD/JPY. When looking at the daily chart – it shows we’re in a downtrend.
