Market Review – 27/03/2010 02:10GMT Euro rises on endorsement of Greek aid plan by ECB’s Trichet The single currency rallied across the board on Friday after euro-zone leaders agreed on a financial aid package for Greece, however,...
USDCAD is forming a cycle bottom at 1.0061 level on daily chart. Range trading between 1.0061 and 1.0370 would more likely be seen in a couple of weeks. However, the bounce from 1.0061 is treated as consolidation...
USDCHF stays above the rising trend line from 0.9917 to 1.0132 and remains in uptrend from 0.9917. As long as the trend line support holds, another rise towards 1.1000 is possible. Key support is now at 1.0506,...
After breaking above the trading range between 89.63 and 91.08, USDJPY bounced sharply to as high as 92.95 level, suggesting that the rise from 88.14 could possibly be resumption of uptrend. Further rally to test 93.75 key...
AUDUSD stays in a rising price channel on daily chart and remains in uptrend from 0.8577. As long as the channel support holds, further rally is possible and next target would be at 0.9300 area. However, a...
GBPUSD is testing 1.4784 key support, a breakdown below this level will indicate that a cycle top has been formed at 1.5382 level on daily chart, then deeper decline to 1.4500 area could be seen. Key resistance...
EURUSD broke below 1.3435 support and formed a cycle top at 1.3817 level on daily chart, suggesting that the long term downtrend from 1.5144 has resumed. Deeper decline is still possible in a couple of weeks and...
USD/JPY Open 92.51 High 92.93 Low 91.76 Close 92.68Decrease in Consumer prices continued pushing Dollar/Yen up on Thursday, in line with the positive bank sentiment at nearly 19%. The currency couple climbed from 91.76 to 92.93 yesterday,...
GBP/USD Open 1.4845 High 1.4982 Low 1.4804 Close 1.4817Pound/Dollar rose partially on Thursday on good UK sales, than continued depreciating, in line with the negative Interbank sentiment at around -38.5%. The Cable climbed yesterday to 1.4982, from...
Gbp/usd – 1.4877 … Despite y’day’s selloff to 1.4798, the British Pound continued to move higher on active short-covering n price subsequently rallied to 1.4894.
