Crude succeeded in achieving yesterday’s suggested scenario flawlessly, where it is currently showing a bearish reversal due to the negativity of momentum indicators; therefore, making us expect some bearish correction that could build a base on 76.80...
EUR/JPY failed on the 114.00 resistance which could bring the pair back to 108.00 minimum.We are evolving in a trading range since May 2010 and it shouldn’t break through it for the time being.
Market Review – 29/09/2010 23:04 GMTDollar falls to 5-month low against euro on speculation of Fed’s further easingThe single currency rose to a fresh 5-month high against the dollar on Wednesday as recent weak U.S. economic data...
On a 4-hour chart, the USD/CAD currency pair shows high volatility. At present, the viewpoint is neutral. As it was mentioned before, the fact that the USD/CAD has broken through the resistance level of 1.0360, probably means...
The general weakening of the greenback continued as the negative US data was released. Asian and European trading sessions: Euro: During the morning trading the euro continued to be around its 5-months maximum against the greenback. But...
ForexPros Daily Analysis September 29, 2010 Euro Dollar Yesterday, we said “the Euro has 2 choices, not 3: either it breaks 1.3509, or it collapses”, and indeed the Euro did break 1.3509 and reached our first suggested...
Copper continues to trade within the main ascending channel organizing the general upside wave which started from 125.35 and was stopped temporarily at the recorded top of 365.50 on April 04, 2010 for a downside correction which...
A disappointing US consumer confidence report released yesterday, caused the greenback to take heavy losses against virtually all of its main currency rivals. The dollar appears to have stabilized in overnight trading, but only after it hit...
EURUSDThe pair inclined strongly, breaching 1.3500 to activate yesterday’s scenario and now the overbought signs are appearing on momentum indicators. We expect a retest of the breached level before resuming the expected bullish intraday trend. The technical targets start at 1.3700...
Crude found strong support at the MA 50 that maintains the suggested bullish trend scenario in our previous reports, where all is needed now is the clear breach and stability above the neckline at 76.60. Thus, we can...
