The USD/CHF pair fell slightly during the Thursday session as the 0.8000 level continues to be massively resistive. The Swiss National Bank is below, and willing to support this pair by weakening their own currency.
The USD/JPY pair finally closed above the 77 level on Thursday, as traders are starting to shed the Yen. The US Treasury yields have been rising as of late and this pair is starting to show money...
The pair continues its pullback after an important breakout of a long term ascending trendline. The market is now meeting a strong resistance with the daily 20 descending moving average which reminds us that the short term...
We were expecting a bullish resumption on the pair some days ago as the market found some good support on the 38% fib retracement level.
The pair continues to consolidate in a tight range since its sharp from its record low (0,7070) two weeks ago.
We have seen the pair confirming a possible material base on top of its historical low (76,00) with a break back above the 77,00 handle.
The pair has been under intense pressure over the last couple of days with a break below its daily 20 moving average.
The pair continues to evolve in a multi-week range between 1,40 and 1,47 represented by the weekly bollinger bands. An annoucement of another Quantitative Easing from the Fed this afternoon (14:00 GMT) could very well spark a...
Market Review – 25/08/2011 21:58 GMT Dollar gains ahead of Bernanke’s speech at Jackson Hole The greenback rose against other major currencies on Thursday on renewed risk aversion together with the selloff in U.S. and European equities...
Greetings. Let’s pull up the EUR/USD. It looks like we’re forming a potential Contracting Triangle (CT) so once it completes, look for a continuation of the upward movement to a potential price target area of 1.4500 and...
