Forexpros.com Daily Analysis – 01/12/2010
ForexPros Daily Analysis December 01, 2010 Euro: On daily, has continued to break lows on over extended moves. Next major support areas are previous highs at 1.2916 and lows at 1.2588.
Category: Daily Forex Reports
Forex daily technical anlysis
USD/JPY: The pair stopped a 4 weeks uptrend after it reached, but did not cross, a resistance zone around 84.42. NZD/USD: The pair stopped a 3 weeks bearish trend after it reached, on the last session, the...
Euro Tumbles and Yen Soars Amid Concern Sovereign-Debt Crisis Will Broaden
The euro continued to weaken on all fronts during yesterday’s trading session amid concerns that Portugal and even Spain will eventually seek financial rescue as well. This has also boosted risk-aversion, and supported demand for safe-haven assets...
USD/CAD Outlook
Hello. Let’s pull up the USD/CAD hourly chart. It seems we may be in a Zig Zag (ZZ) corrective movement up and just starting Wave 3. If you remember, we suggest trading Wave 3’s of an Impulse...
Daily FX Market Outlook-1-12-2010 by AceTrader
Market Review – 30/11/2010 22:12 GMT Euro falls to 10-week low against dollar on Irish contagion fears and China’s tightening The single currency remained under pressure throughout Tuesday. Although euro staged a brief recovery to 1.3151 in...
Candlestick analysis of the USD/NOK for November 30, 2010
Earlier on a 4-hour graph the USD/NOK formed Shooting Star candlestick that indicates the downside movement.This candlestick has developed after the pair could not break through the level of 6.2164, which means that the bulls did not...
Forexpros.com Daily Analysis – 30/11/2010
ForexPros Daily Analysis November 30, 2010 Euro: On the daily chart, the euro is in short setups. The full half way back long at 1.3077 may serve as some support. On the 15 minute chart, the euro...
Forex-Metal Weekly Market review
In this issue: 1. Weekly technical analysis2. First results of the “Jingle Bells” trading competition.3. Get a free ATM card when you open and fund your new trading account with us.4. Representatives Wanted!5. Economic Calendar, Pip value...
Safe Heaven Currencies Continue to Rise on High Risk Aversion
Traders moving assets to safer, lower yielding currencies appear to be playing a factor in the correction of the major crosses. The USD and JPY, which are seen as a safer bet than other currencies in times...
Euro Selloff Continues
EURUSD The Euro continues to drop, as fear of an escalating crisis pressure the currency. Price has been moving down in a wide price channel. If price can penetrate the lower channel line, that would indicate a...