Hello. Let’s take a look at the EUR/USD hourly chart. We’ve recently seen a strong move up and it seems we may potentially have a little more room to move up.
The Dollar Index (DXM11) is nearing critical support of 73.40, currently it is trading at 73.67; DXM11 may trade sideways with 73.40 acting as very important support; only weekly close below 73.40 would result in further weakness...
06/08/2011 01:15 UTC NZD swings lower as it weakens against the USD, JPY, EUR, GBP, CHF and CAD. Recent mid-term strength indicator reading for NZD is 7 out of 8, thus suggesting that the current swing may...
06/08/2011 01:06 UTC JPY swings higher as it strengthens against the USD, EUR, GBP, CHF, AUD, NZD and CAD. Recent mid-term strength indicator reading for JPY is 6 out of 8, thus suggesting that the current swing...
Market Review – 07/06/2011 21:30 GMT Euro rises on comments from Chinese FX official, Obama, Merkel and Bernanke The single currency resumed recent upmove and rallied on Tuesday after comments from Chinese FX official who warned of...
Euro reaches a monthly maximum against the greenback. Asian and European trading sessions:
06/07/2011 13:25 UTC CHF swings lower as it weakens against the JPY, CAD, EUR, GBP and NZD. Recent mid-term strength indicator reading for CHF is 8 out of 8, thus suggesting that the current swing may be...
ForexPros Daily Analysis June 07, 2011 Did the USD/CAD shake you out? The Canadian has made a long bearish hammer after it broke through 0.9815 on Friday. Many amateurs closed their position during that shake-out, and now...
06/07/2011 08:48 UTC GBP swings higher as it strengthens against the USD, JPY, CHF, CAD and AUD. Recent mid-term strength indicator reading for GBP is 4 out of 8, thus suggesting that the current swing may be...
06/07/2011 07:17 UTC JPY swings lower as it weakens against the EUR, GBP, CHF, NZD and CAD. Recent mid-term strength indicator reading for JPY is 5 out of 8, thus suggesting that the current swing may be...