EURUSDThe pair stabilized above 61.8% Fibonacci to descend from 1.3332 to 1.2585, in addition to the bullish technical pattern continuing its affect by completing its formation last week at 1.2915.
Market Review – 19/09/2010 23:00 GMTEuro falls on renewed concerns over European debt crisisThe single currency weakened against dollar on Friday on renewed market speculation that an Irish bank faced troubles on its debt and might need...
The SNB commented that the economic outlook remained uncertain.Asian and European trading session: Euro: The EUR/USD rate traded in the range of $1,2975-$1,3030.British Pound: The sterling traded in the range of $1,5580-$1,5650. The British pound was under...
Silver is trading within the main ascending channel which represents the metal’s general trend; we can see a secondary channel carrying silver towards the main target over short term basis at 21.50 since the start of this...
EURUSDThe pair stabilized above 1.3045 and thereby insuring yesterday’s suggested bullish trend’s continuation. Some negativity is appearing through momentum indicators which could cause some fluctuation and retest of the mentioned level before continuing the expected bullish trend today,...
Crude touched support for the ascending channel that organizes current trading, seen on the chart above, accompanied by momentum indicators moving in oversold areas. Thus, we expect natural trading within this channel then crude to rebound to...
This past week’s news has given some investors hope that an economic recovery is indeed underway in America, even if recent news has begun to comment about a pause. The US IBD/TIPP Economic Optimism gauge on Tuesday...
ForexPros Daily Analysis September 16, 2010 Euro Dollar The Euro did not move enough to penetrate the support or resistance specified in yesterday’s report. But, when we investigate the rising move from 1.2586, we see that it...
The broad markets produced a day of range trading on Wednesday as the after effects from the Bank of Japan’s intervention were digested along with continuing mixed data from a variety of international spheres. The USD languished...
After exiting the main descending channel for an upside correction, the move ended at 38.2% Fibonacci at 83.35; failure to breach this level forced the index to reverse to the downside to continue the general bearishness which...
