Pound/yen is still developing wave C of the daily downtrend – colored royal blue in the chart. The strategic targets of wave C are Fibonacci expansions off waves A-B – 135.03-130.78-132.93. Minor targets are Fibonacci expansions off...
USD/CHFWe can identify a clear and sharp downtrend for the pair during the last few weeks. The bearish envelope template appeared during the 06-10-2010 and 07-10-2010 sessions suggest a close reversing trend, creating an opportunity for a...
ForexPros Daily News October 11, 2010 Forex – Euro retreats from 1.40 as dollar firms up Forex Pros – The euro was down against the U.S. dollar on Monday, retreating from a daily high, as the dollar...
USDCAD The CAD continues to gain on the USD, just 100 pips away from parity. The pair recently bounced several times off of the 50-period EMA on a weekly chart. Over the past few years, the 50...
The USD held onto its tentative ground on Friday, but it still finds itself against the weaker parts of its trend against the major currencies. The Non Farm Employment Change number turned in an ugly minus of...
The U.S. dollar continues to slide on almost all fronts. As a result, during the past week the euro reached a 5-month high against the dollar and the Japanese yen saw a 15-year high vs. the greenback....
Market Review – 08/10/2010 20:53 GMTDollar falls to a fresh 15-year low versus yen on disappointing U.S. jobs reportThe greenback dropped below 82.00 to a fresh 15-year low against the Japanese yen on Friday, as very weak...
The sterling and the euro have reached important highs against the greenback. Asian and European trading sessions: Euro: The EUR/USD pair has breached the psychologically significant 1.40 mark. According to the expectations, the ECB left the principal...
On 4-hour graph the AUD/USD has successfully broken through the resistance level of 0.9850 reaching the new historical maximum at 0.9917 moving down slightly afterwards. Nevertheless, the analysts of large banks recommend buying the Australian dollar in...
The major currencies continued to have slash and burn trading ranges across the landscape. The USD traded at lows against the EUR and GBP before showing some ability to bounce back, but traders must continue to be...
