Date: 17.10.2012 Time: 17:45 Rate: 1.6158 4 Hour chart Last Review The price has breached the 1.6100 price level and corrected 61.8% of the last downtrend (red broken line), and in addition reached the upper lip of...
Date: 17.10.2012 Time: 18:12 Rate: 0.9219 4 Hour chart Last Review USD/CHF forecast – The price did break the 0.9300 lower ranging level and it looks like it is making its way towards the last low on the...
Anticipating positive results from another EU Summit, the Euro has moved higher this week, breaking to the top side of the pennant formation on the chart.
The AUD/USD pair had an outstanding day during the Wednesday session as the 1.02 level now looks more supportive than ever. The market found its way through the 1.03 handle, and is actually approaching the 1.04 handle.
The EUR/USD pair shot straight up during the session on Tuesday as the 1.30 handle has given way completely. In fact, we managed to go through the 1.31 handle, and it looks like we are going to...
The GBP/USD pair rose during the session on Wednesday, as the bounce from the 1.60 level continued. We close towards the top of the range right around the 1.6150 handle, and as such we think that we...
The USD/CAD pair initially surged during the session on Wednesday, but was repelled at the 0.99 handle. In fact, the sellers came in so strongly that we formed a massive shooting star. This suggests to us that...
The USD/JPY pair rose again during the session on Wednesday as the market approaches the 79 handle. It is at this level that we certainly run into serious resistance, so quite frankly we are looking for sell...
Today, traders should pay close attention to the release of the U.S. Unemployment Claims report. This indicator always provides for extreme market volatility in the major currency pairs. Traders may find good opportunities to enter the market...
The US Dollar continues declining against most of the FX majors; the Greenback lost most against the Aussie by more than 70 pips, but consolidated against the Common currency, the Swiss Franc and the Cable.
