Crude strongly pushed to the upside yesterday to retest the previously breached neckline for the bearish technical pattern at 75.15, effected by the positivity appearing on momentum indicators yesterday, in addition to breaching the bullish technical pattern’s...
EUR/USD has remained at or near its 7-week high throughout overnight trading, as investor confidence in the 16-nation currency continues to rise. Currently trading around the 1.2665 level, the pair’s next major resistance line is around 1.2676....
Market Review – 07/07/2010 21:39 GMTEuro rises to a seven-week high as global stock rally boosts risk appetiteAlthough the single currency remained under broad-based selling pressure in Asian morning on continued long liquidation and fell to an...
According to wave count this currency pair before breaking 131.79 still has chances to develop wave C up. Its potential targets are Fibonacci retracement points of 136.00-131.23 and expansion points off 131.23-133.84-131.79.
Crude achieved an ascend due to the positivity on Stochastic as crude now is attempting to breach the morning mentioned resistance at 72.05. The daily four hour candlestick closing was below the mentioned level, thus chances of...
EURUSD The pair is approaching the awaited support around 1.2540, accompanied by Stochastic riding of negative momentum appearing on it. Therefore, morning expectations will remain intact as long as trading remains above 1.2470.
USD/JPY Open 87.52 High 87.97 Low 87.02 Close 87.51 On Tuesday Dollar/Yen traded hesitantly and within a range, not exactly matching the positive Interbank sentiment at nearly -12%. The currency couple first climbed to 87.97, from where...
ForexPros Daily Analysis July 7, 2010 Fundamental Analysis: ECB Press Conference European traders anticipate the ECB Press Conference. The European Central Bank holds this monthly press conference about 45 minutes after the Minimum Bid Rate is announced....
The pair continues to trade within the medium term descending channel; and as provided on the daily chart above, the last attempt to the upside hit the 61.8% Fibonacci correction which turned into resistance now at 135.75.
The rather bad economic data from the States continued on Tuesday with the ISM Non Manufacturing PMI reading. The outcome of 53.8 compared to the estimate of 55.1 certainly didn’t help overall investment sentiment.
