USDCHF Analysis – May 29, 2010
USDCHF remains in uptrend from 1.0434 and the fall from 1.1695 is treated as consolidation of uptrend. Support is now at 1.1400, as long as this level holds, we’d expect uptrend to resume and another rise to...
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USDJPY Analysis – May 29, 2010
USDJPY traded in a range between 88.14 and 94.98 for several months. Another rise towards 94.98 would more likely be seen in a couple of weeks, a break above this level will indicate that the uptrend from...
AUDUSD Analysis – May 29, 2010
AUDUSD remains in downtrend from 0.9381 and the bounce from 0.8071 is more likely correction of downtrend. Another fall is still possible after correction. A breakdown below 0.8071 could indicate that the downtrend has resumed, then next...
GBPUSD Analysis – May 29, 2010
Being supported by the lower border of the falling price channel on daily chart, GBPUSD bounced from 1.4230 level. Range trading between 1.4230 and 1.4800 is expected in a couple of weeks. However, the bounce is more...
EURUSD Analysis – May 29, 2010
EURUSD remains in downtrend and the price action from 1.2144 is more likely consolidation of downtrend. Rang trading between 1.2144 and 1.2671 is expected to continue next week. Support is at 1.2144, a breakdown below this level...
Fractal analysis of EUR/USD pair. Trading recommendations
Dear traders, We are watching over the upside trend development from May 26 and do not hurry to determine mid term targets for the upward movement.
Crude Oil Midday Report 28/5/2010
The MA 100 stood as a strong barrier in front of crude’s attempts at retesting 73.55 as mentioned this morning, where it returned to attack resistance over the short term at 75.35.
Major Currencies’ Midday Report 28/5/2010
EURUSD The pair rushed to retest the previously breached support level shown above in red. Momentum indicators are still showing negative signs as the pair reaches the resistance for the minor ascending channel and therefore a minor...
The Rebound
USDCAD:After taking out the 200 day moving average, a cross not seen in more than 1 year, the CAD held firm at major Support of 1.0850. Preceding that bounce off of 1.0850 was the beginning of a...
USD/JPY 91.12 – 28 May 2010
USD/JPY Open 90.89 High 91.41 Low 89.92 Close 91.05Dollar/Yen started a recovering process this week, with stronger upward impulse on Thursday, in converse the Interbank sentiment at around -33%. The currency couple appreciated from 89.92 to 91.08...