Market Review – 25/09/2010 02:38 GMTEuro rallies to its highest level versus usd since April after strong German Ifo indexThe single currency surged to the highest level since April against dollar on Friday as an unexpected rise...
USDCAD’s downward move from 1.0672 extended to as low as 1.0191. Key resistance is now at 1.0378, as long as this level holds, downtrend from 1.0672 is expected to continue and one more fall towards 1.0107 support...
USDCHF broke below 0.9917 (2009 low) and reached as low as 0.9779. Further decline towards 0.9634 (2008 low) could be seen next week. Resistance is at 1.0181, as long as this level holds, downtrend from 1.1730 could...
Being contained by 85.89 key resistance, USDJPY pulled back to as low as 84.12. However, one more rise to re-test 85.89 resistance is still possible, a clear break above this level will indicate that the downtrend from...
AUDUSD’s upward movement extended to as high as 0.9613 level. Now the pair is facing the upper boundary of the price channel on 4-hour chart, consolidation of uptrend would more likely be seen. Support is at 0.9460,...
GBPUSD’s bounce from 1.5296 extended to as high as 1.5842. Further rise to test 1.5997 previous high resistance is possible next week, a break above this level will signal resumption of uptrend from 1.4230, then another rise...
EURUSD broke above 1.3333 resistance and reached as high as 1.3495 level, suggesting that the uptrend from 1.1876 has resumed. Bullish movement is expected to continue next week and next target would be at 1.3700-1.3800 area. Support...
Earlier at 4-hour graph the EUR/USD pair has formed the Shooting Star candlestick which gives a bearish sign. This candlestick formed after that the currency pair had made a huge upward motion, but a breakthrough failure of...
Concerns over the European economy rehabilitation reinforced. Asian and European trading sessions: Euro: Thursday saw the euro stepping back from the previously reached maximums against the greenback. The released Euro-zone fundamentals escalated investors’ concerns over the rehabilitation...
The major currencies had another day of range trading and the USD still has not been able to muster enough strength to remove itself from the weaker side of its trend. The Federal Reserve’s FOMC Statement continues...
