Today’s market should be highly volatile and traders will want to be on guard as they traverse today’s investment landscape. The most impactful news of the day will come from both the United States and Europe which...
The pair continues to evolve in its daily range and we don’t see any clear directional bias over the immediate term. In fact, the AUD/USD has been offering very interesting opportunities to swing traders while moving upside...
The USD/CAD is now evolving in a clear bearish trend and is currently testing its multi-year low at 0,9450. A break below this level would accelerate decline with no clear target (the historical low from 2007 is...
The market seems to have found a good support on top of 0,81. Considering the previous breakout of the daily range, we might see a pullback towards daily moving average at 0,8310.
The pair is still in a consolidation mode since last week and the break below the critical level at 80,00. A break below 78,50 (last week low) would accelerate decline.
The momentum is still bullish on the Pound after the bounce we saw on top of 1,60 in the beginning of the week. A break above 1,62 would validate a bullish resumption with a next target at...
With the recent confirmed bounce on top of 1,40, the pair is in the process of building a nice cup&handle on the daily chart. 1,43 is the key level to watch.
Market Review – 20/07/2011 22:03 GMT Euro edges higher ahead of eurozone summit The single currency rose on Wednesday on optimism that EU leaders will conclude a successful rescue deal to ease Greece’s debt level at the...
ForexPros Daily Analysis July 20, 2011 Today: Free webinar on ForexPros – Sharpening Your Edge Series: Finding Your Entry Expert: Andrei Knight Start: Wed, Jul 20, 2011, 08:00 PSTEnd: Wed, Jul 20, 2011, 09:00 PST Learn how...
Recent losses on Wall Street were mostly offset yesterday as investors sought out riskier assets from positive data on the American housing market. Optimistic earnings reports from large companies like IBM have also helped turn several larger...
