Greetings. Let’s pull up the NZD/JPY hourly chart. We saw a nice move down since early August and we’re now in what appears to be a retracement back up.
Market Review – 15/08/2011 22:00 GMT Euro rallies on risk appetites and dollar’s broad-based weakness The single currency rallied to a three-week high against the greenback Monday on risk appetite and dollar’s broad-based weakness as investors hoped...
ForexPros Daily Analysis August 15, 2011 Euro in Range, Pound In Next Short, Yen Flirting With Lows Euro: On the daily looks to be in a range between 1.44 and 1.405-1.4125. It has just broken the short...
Sentiment across the euro zone has turned negative, with many analysts and economists expecting moves towards safety by traders this week. Any more bearishly-leaning news out of any major global economy will likely pull down on the...
The pair is pulling back after the last 2 weeks sharp decline with an attempt below parity which offered a great support as expected.
The pair has validated a weekly double bottom formation which might result in a major long term reversal if a break above parity is confirmed over the coming sessions.
The Swiss Franc has been once again the main active currency last week after the SNB Vice President statement about a possible change in their policy with their currency being pegged to the Euro.
The pair is still under pressure but managed to hold it historical low at 76,30 last week.
The pair is trading flat over the long term represented by its weekly chart. It evolves in a trading range between 1,59 and 1,67.
The pair continues to trade without clear directional bias. Market participants are now waiting for a catalyst to choose their side.