USD/CHF rose, and then sold off on Monday to form a shooting star on Monday. The market is being manipulated by the Swiss National Bank, which has been actively working against the Franc. Because of this
The GBP/USD pair rose on Monday, and even retested the 1.60 level. The area held as resistance during the late hours of the session, and the recent consolidation in August at this level shows that we may...
The USD/JPY pair fell again on Monday, as the Dollar got hit against all major currencies. However, the Bank of Japan has been very vocal over the last 24 hours about “speculative” moves in the Yen, and...
EUR/USD rose again on Monday, but saw a sharp pullback from the 1.3950 area in the later hours of trading. It should be noted that the 1.30 level had served as resistance over the last few days,...
The Dollar Index is approaching important support zone of 75.40-76.00, consistent close below 75.00 would resume long-term bearishness in the USD. Though 76.00 ranges are expected to again act important support in short term; historic resistance in...
Data on American consumer confidence from Conference Board, Inc., (CB) today may indicate mild optimism that could drive the greenback lower in the short-term. Recent news has done little to alter the current direction of the forex...
Weekly review for 17 – 21. 10, 2011
With a break above recent resistance at 1,0370 the pair is poised to continue its move to the upside with a next target at 1,07.
After a sharp upside move towards 1,0650 the pair has been under intense pressure pulling back towards parity which is now being tested.
After a break below previous low at 0,8870 the pair has confirmed a corrective move with a next target at 0,87 (38% retracement).
