The JPY is within the stronger reaches of its range versus the USD. Although economic data from Japan remains less than promising, risk adverse trading has established itself once again. With so many questions lingering over the...
USD Utter panic has spread throughout the capital markets, as it now appears that “Europe’s” problems could very well spread to the rest of the world. Investors concerns remain heightened that credit instability will push business financing...
AUDUSD: This move has been drastic. Often it is recommended to put these moves into perspective by looking at the macro picture. The AUD has fallen nearly 12 big figures in two weeks and is maintaining that...
EURUSD The pair continues its bullish movement according to our previous reports, where through the image above, we expect to reach resistance for the main descending channel after its ongoing strong stance for its support. In overall, we...
During the past week, the Euro managed to recover against most of the major currencies. However as this week began, concerns over an economic growth due to the Euro-Zone’s debt crisis have weakened the Euro. Will the...
EUR/USD Open 1.2533 High 1.2651 Low 1.2305 Close 1.2574After partial recovery, the Euro dropped on Friday with a strong downward impulse. Euro/Dollar climbed from 1.2484 to 1.2651 on Friday, and than lost all gains, in line with...
At 1-hour chart of EUR/GBP there was formed an “Evening Star” combination which gives a signal of the downward movement. In addition, this candlestick formed near the resistance level 0.8780-0.8790 where also stood Fibonacci correction level 50.0.
A confident pair growth in the second part of the day on Thursday led to setting of a new local maximum of 1.2596, though many market participants were skeptical about this uprise since they are bounding it...
EURUSD The pair continued downs downside correction reaching 38.2% Fibonacci that meets with the 50 MA. The ability of this level to hold the pair to the upside will help activate the bullish scenario expected for today....
USDCAD: In our analysis Wednesday we talked about the potential for huge price action if the CAD cleanly breaks above the 200 day MA and we certainly saw that yesterday. This move is significant for 3 reasons....
