Crude was able to achieve the falling wedge pattern scenario suggested in our previous report, although it is finding a hard time in surpassing support represented by the MA 100. The stochastic is showing positive signs that...
EUR/USD Open 1.2902 High 1.3004 Low 1.2891 Close 1.2924 On Friday Euro/Dollar the rising momentum extended further during the European session, than consolidated. The European currency appreciated from 1.2891 to 1.3004 on Friday, matching the positive Interbank...
Market Review – 16/07/2010 21:39 GMTDollar falls to 7-month low against yen on worse-than-expected consumer sentimentThe greenback remained under pressure against the Japanese yen in Asia following previous day’s decline and fell to 86.97 due to the...
USDCAD stays in a trading range between 1.0138 and 1.0678. Lengthier sideways movement in the range is expected in a couple of weeks. Key resistance is at 1.0678, only rise above this level could indicate that the...
USDCHF continues its downward movement from 1.1730 and the fall extends to as low as 1.0399 level. Resistance is now at 1.0675, as long as this level holds, downtrend could be expected to continue, and another fall...
USDJPY breaks below 86.96 support, suggesting that a cycle top has been formed at 89.15 level on daily chart. Further fall towards 84.82 (2009 low) support would more likely be seen next week, a breakdown below this...
After breaking above 0.8858 resistance, AUDUSD pulled back from 0.8870 level, suggesting that a cycle top is being formed on daily chart. Deeper decline to 0.8400 area would more likely be seen in a couple of weeks....
GBPUSD broke above the falling price channel on daily chart and is facing 1.5522 key resistance. Minor consolidation would more likely be seen next week before breaking above this level and the trading range would be within...
EURUSD’s rise from 1.1876 extends to as high as 1.3006 level. Further rally is still possible next week and next target would be at 1.3200-1.3300 area. Support is at 1.2700, as long as the pair stays above...
On Thursday, the euro increased against the US dollar to a 2-month high amid the weakening of the worries about the Eurozone sovereign debt and the strengthening of the fears concerning possible pause in the US economy...
