Market Review – 23/07/2010 22:34 GMTEuro ends mixed in roller-coaster session after European stress-test resultsThe single currency went through a roller-coaster session on Friday, price initially traded calmly in Asia ahead of the much-awaited European stress-test results...
USDCAD is forming a triangle pattern on daily chart. Sideways movement in the pattern is expected next weeks. Resistance is at the upper boundary of the pattern, now at 1.0600, a clear break above this level will...
USDCHF’s downward movement extended to as low as 1.0394 level. Resistance is at 1.0675, as long as this level holds, downtrend could be expected to continue, and another fall to 1.0200-1.0300 would more likely be seen.
USDJPY stays below a falling trend line and remains in downtrend from 92.88. As long as the trend line resistance (now at 88.00) holds, downtrend is expected to continue, and another fall towards 84.82 (2009 low) support...
AUDUSD’s bounce from 0.8066 extends to as high as 0.8970 level. Further rise is expected next week and next target would be at 0.9200 area. Key support is at 0.8632, only fall below this level could turn...
GBPUSD stays in a rising price channel on daily chart and remains in uptrend from 1.4230. Support is at 1.5124, as long as this level holds, another rise towards 1.5522 key resistance is possible, a break above...
EURUSD remains in uptrend from 1.1876 and the fall from 1.3028 is treated as consolidation of uptrend. Support is now at 1.2732, as long as this level holds, another rise to 1.3200-1.3300 is still possible next week,...
This currency pair is now trading in the flat, limited by 130.80-133.29. The break out of the flat will show the direction of the impulsive wave C of the intermediate trend.
EURUSDThe pair attempted to breach the support for the rising wedge once again, but reversed strongly to the upside with clear bullish momentum. We recommend observing trading today, especially as we await the stress tests results later today...
Crude is attempting to revisit the retest level mentioned this morning around 78.50, supported by negativity from momentum indicators; therefore our expectations remain intact, keeping in mind that crude must build a base above 77.40 to maintain our...
