A Look at European Currencies
EURGBP After a steep drop against the Pound, the Euro is now attempting to put in a short-term bottom at support. Several days in a row that ended near their close, with long wicked candlesticks, suggest that...
Category: Daily Forex Reports
Safe-Haven USD Bullish from European and Korean Woes
The euro zone continues to face debt concerns resulting in mass buy-ins for USD safe-haven positions against its European counterparts. The EUR/USD was down from a weekly high of 1.3790 to close Friday at 1.3241. The combination...
Daily FX Market Outlook by AceTrader-29-11-2010
Market Review – 26/11/2010 20:59 GMT Euro falls to 2-month low on continued eurozone debt contagion fears and tension in the Korean peninsular The single currency remained under pressure throughout the day against the dollar Friday as...
“Real-Forex” daily market review: 29-11-2010
USD/CAD: For the last three weeks, the pair is moving sideways between the resistance 1.0246 and the support 1.0075.NZD/USD: Following the breakdown of the support on 0.7975, the pair began to decrease, several weeks ago. Actually, the...
U.S. economy – brief outlook.
On Tuesday we experienced two highly important data releases that came from States. Namely, annualized Gross Domestic Product in the third quarter and also annualized Existing Home Sales.
Candlestick analysis of the AUD/USD (long-term outlook)
Currency pair AUD/USD moves down aimed at 0.9646. On the whole, long-term outlook remains bullish as the uptrend is still taking place. However, it is recommended to close long-term positions in case of the support level 0.9646...
Europe & The Koreas Being Watched
As expected Thursday’s trading was rather muted as the United States celebrated Thanksgiving effectively taking a massive amount of volume out of the markets. Friday will start basically in the same ranges that the markets have seen...
Head and Shoulders Reversal for Gold?
A potential bearish chart pattern signals a drop in the price of gold.
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.
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....