Technical analysis of the USD/CAD for 25/11/2010
On a 4-hour graph the USD/CAD currency pair is declining again after it bounced off the resistance level 1.0263. As of now, the outlook remains bearish.
Category: Daily Forex Reports
Canadian Dollar Marches towards Parity
USDCAD After testing the falling trendline, prices have resumed their downward trek. Interestingly the move down today is symmetrical to the move up that took price up from 1.01 to 1.0240 (see green box), a week ago....
Forex-Metal Daily Analysis – 25/11/2010
The EUR/USD dropped to new lows. Asian and European trading sessions: Euro: The euro hit new minimums on Wednesday, as the rating agency “Standard and Poor’s” reduced the sovereign ratings of Ireland both long-term and short-term. The...
USD Uptrend to Continue; Thanksgiving Day Causes Thin Trading
Britain and Japan appear to be releasing the bulk of today’s news as today is Thanksgiving Day in the U.S, and there is no economic data releases from the region today, which means we may see a...
Daily FX Market Outlook by AceTrader-25-11-2010
Market Review – 24/11/2010 21:20 GMT Euro falls to 2-month low on worries over Irish debt problemsDespite euro’s sideways trading in Asia on Wednesday, increasing concerns over eurozone debt contagion weighed on the single currency. Price extended...
Daily FX Market Outlook-25-11-2010 by AceTrader
Market Review – 24/11/2010 21:20 GMT Euro falls to 2-month low on worries over Irish debt problemsDespite euro’s sideways trading in Asia on Wednesday, increasing concerns over eurozone debt contagion weighed on the single currency. Price extended...
Candlestick analysis of the EUR/GBP for 24/11/2010
On a daily graph the EUR/GBP is again showing the decrease after a slight pullback. The outlook is still bearish, as the downtrend remains. As it was mentioned before if the level of 0.8451 is broken through...
Forexpros.com Daily Analysis – 24/11/2010
ForexPros Daily Analysis November 24, 2010 Forex Trend Analysis The trend for EURUSD this week is DOWN and we will be looking for SHORT trading opportunity.
EURJPY Breaks Out
EURJPY After consolidating for the past 6 weeks, the EURJPY appears to finally be breaking out. The sideways movement formed a triangle, building up potential energy, while the direction remained unclear. Today’s decisive drop with extremely wide...
Euro Plunges on Concerns Irish Crisis Might Spread
After Ireland sought financial rescue on Sunday, expectations were that this should calm the tension in European markets, and should support the euro. However, this has merely revived concerns that other European nations, especially Spain and Portugal,...