The pair is evolving in a middle term triangle which confirms a market consolidation. The limits are given around 1,45 and 1,42 i.e. 300 pips range. We consider that the bottom line has been tagged yesterday with...
Euro gains of the lows of 1.4225 ranges against the US Dollar; the USD traded mixed where in it has depreciated against the Euro and the Aussie Dollar whereas it has appreciated against the Cable, the Japanese...
Greetings. Let’s take a look at the GBP/JPY chart. With the big spike in mid-March, we tested our Fibonacci levels both including the spike and not including the spike. If you include the spike, you’ll see we’ve...
Market Review – 07/07/2011 20:03 GMT Euro rallies broadly as ECB suspends collateral rules for Portugal The single currency rose strongly on Thursday across the board after European Central Bank President Jean-Claude Trichet said the central bank...
Moody’s downgraded the Portugal credit rating.
07/07/2011 14:32 UTC EUR swings higher as it strengthens against the USD, GBP, JPY, CHF and CAD. Recent mid-term strength indicator reading for EUR is 4 out of 8, thus suggesting that the current swing may be...
07/07/2011 12:54 UTC NZD swings higher as it strengthens against the USD, JPY, EUR, GBP and CHF. Recent mid-term strength indicator reading for NZD is 8 out of 8, thus suggesting that the current swing may be...
07/07/2011 11:48 UTC CAD swings higher as it strengthens against the USD, JPY, CHF, EUR and GBP. Recent mid-term strength indicator reading for CAD is 7 out of 8, thus suggesting that the current swing may be...
ForexPros Daily Analysis July 07, 2011 Dollar Index Pares Losses As Liquidity Returns The dollar index had a bullish up day yesterday following 6 consecutive bearish candles. This bullish candle formed as liquidity returned to the market...
07/07/2011 09:46 UTC CHF swings lower as it weakens against the USD, JPY, AUD, CAD and NZD. Recent mid-term strength indicator reading for CHF is 6 out of 8, thus suggesting that the current swing may be...
