The JPY turned in a rather consolidated performance on Monday highlighting the amount of tentativeness within the broad markets. Asian investors have shown just as much caution as their international counterparts and the JPY remains in a...
The pair is trading sideways among the support at 131.10 and the resistance at 135.75 since the beginning of June; where the resistance for the trading range is resembled by the 61.8% Fibonacci correction previously breached.
GBP/USD Open 1.5225 High 1.5348 Low 1.5204 Close 1.5227 After an unsuccessful upward push ups, on Monday Pound/Dollar corrected deeply downwards, in converse with the positive Interbank sentiment at nearly +16%. The Cable depreciated from 1.5348 to...
OIL: Crude Oil is currently holding above the 50 day moving average where it has found temporary Support. However, Oil is still trading below the 100 and 200 day MA’s, as they act as near term Resistance....
Crude has witnessed support forming at the MA 50 pushing it to retest the previously breached rising wedge that has presently turned into resistance at 77.60. We expect to reach this level, followed by a bearish reversal...
EURUSDThe pair continues fluctuating near the pivotal resistance at 1.2985 –61.8% Fibonacci– where trading is taking a form near the symmetrical triangle; therefore, we expect a bullish intraday trend that will start after a clear breach of the...
EUR/USD Open 1.2940 High 1.2983 Low 1.2873 Close 1.2942 After starting with downward correction during the Asian session, on Monday Euro/Dollar continued ascending. The European currency appreciated from 1.2873 to 1.2983 yesterday, matching the positive Interbank sentiment...
Market Review – 19/07/2010 22:00 GMTEuro rebounds on fall in U.S. homebuilder sentimentAlthough the single currency fell below Friday’s low of 1.2890 in early Australian trading on Monday as traders sold euro in reaction to Sunday’s news...
Crude found strong support at 38.2% Fibonacci correction (75.75) that pushes crude to the upside, where we expect it to retest previously breached support levels that have currently turned into resistance between 76.50 – 77.00. The stochastic...
EURUSDThe pair is facing a hard time in surpassing the pivotal resistance around 1.3000, thus pushing the pair to the downside where we see that it will return to retest the previously breached resistance that has currently...
