Crude managed to achieve a strong breach of support for the sideway range 78.50 surpassing the awaited key target at 77.35, breaching support for the short term bullish channel and stabilized below it. Momentum indicators are showing...
GBPUSD: The GBP has now broken free of the prior high and has converged on the 200 day moving average. The GBP has not traded above the 200 day MA since late January. A close above the...
The U.S. Dollar advanced on Wednesday, gaining 1% against the Japanese Yen and pushing the EUR back under $1.30, after a report showed U.S. consumer confidence fell more than expected, pressuring equities lower and reducing investors’ appetite...
EUR/USD Open 1.2988 High 1.3043 Low 1.2954 Close 1.2992 On Tuesday the Euro/Dollar traded hesitantly and within a range. The European currency depreciated from 1.3043 to 1.2954 yesterday, almost matching the neutral Interbank sentiment projection, at around...
Market Review – 27/07/2010 22:10 GMTEuro pares gains on a drop in U.S. consumer confidence Although the single currency rose above Monday’s NY high of 1.3006 and climbed to 1.3022 in European morning, euro then retreated from...
Crude continues to move within the sideway range shown below with minimum change worth mentioning since this morning. Thus, we hold onto our morning expectations and recommend returning to insure levels that must be watched, as well as...
On a weekly chart, the AUD/USD currency pair has formed Bullish Engulfing candlestick combination, which is a signal for an upward movement.
ForexPros Daily Analysis July 27, 2010 Fundamental Analysis: Core Durable Goods Orders The Core Durable Goods Orders measures the change in the total value of neworders for durable goods, excluding transportation. Because aircraft ordersare very volatile, the...
The pair managed to breach the correctional downside channel which led the downside correction that began from the permanent peak at 0.7634. This correction shows that it stopped at 38.2% Fibonacci around 0.6585 moving to the upside...
EURUSDThe pair succeeded in breaching 1.2935 and headed to the upside but it is not able till now to stabilize above 61.8% Fibonacci around 1.2990. Momentum indicators are showing negative signs that might force the pair to attempt a...
