The US Dollar traded mixed wherein mild correction was seen in the Euro and the Cable; where as the Aussie Dollar posted mild gains and the Swiss Franc traded flatKey equity index, Dow Jones Industrials (DJIA) finds...
Considering the US Dollar bounce and the renewed risk aversion on the market, the Aussie has been outperforming yesterday stopping its setback above 1,0650. A break above 1,08 would probably resume the uptrend with an acceleration towards...
The pair remains under pressure after the breakout of its daily rising trendline with a next target at 0,95. However, the market seems to have found some support on top of 0,96 and we might see a...
The USD/CHF setup is very constructive with the formation of a potential matrial base on top of the historical low at 0,8275 but as long as the pair remains stuck below its daily descending trendline and strong...
The pair continues to consolidate on top of its key support at 80,00. There is still a lack of momentum and we have to be extra carefull while trading a Yen related pair.
Cable remains under pressure with now a break back below 1,60 which opens the door to the 1,59 level. A break below this level would expose further decline towards 1,58 and beyond.
The pair has validated a descending trendline in the beginning of the week and been under pressure since with an acceleration of the decline yesterday on Eurozone debt concerns.
07/07/2011 01:30 UTC AUD swings higher as it strengthens against the USD, JPY, NZD, CAD, EUR and GBP. Recent mid-term strength indicator reading for AUD is 5 out of 8, thus suggesting that the current swing may...
Greetings. Let’s take a look at the NZD/JPY chart. Looking at the longer term daily chart, it looks like the pair may be heading up to potentially form an Ending Diagonal (ED). If this happens, look for...
Market Review – 06/07/2011 19:41 GMT Euro falls to one-week low due to persistent fears of European debt crisis Euro tumbled to a one-week low versus the dollar on Wednesday due to the escalating concerns on European...
