GBP – Sterling Recovers For A Day
No major economic data came from the U.K on Wednesday and today only the CBI Realized Sales will be brought forth. Today’s release has an estimate of 23, which is below the previous result of 33. The...
Category: Daily Forex Reports
JPY & AUD – Range Bound And Cautious
The JPY and AUD both traded in fairly tight ranges on Wednesday. Asian bourses continued to turn in mixed results as fallout from the strong JPY continues to create havoc with Japanese equities, but in turn helps...
Crude Oil Morning Report 26/ August /2010
Crude continues inclining due affects from the falling wedge shown yesterday, where it nears from resistance for the bearish channel around 73.30 after achieving some descend to retest resistance for the previously breached falling wedge. Momentum indicators are...
Major Currencies’ Morning Report 26/ August /2010
EURUSDThe pair continues to fluctuate around resistance for the bearish short term channel until it recently breached this resistance at 1.2695, finally fluctuating to show a bullish technical pattern that is near completion.
A Macro Perspective On the Dollar’s Rally
USDCAD: We found this chart to be quite interesting. We are using a weekly chart below and what we clearly see is the range the CAD has been trading versus the Greenback. On a daily chart you...
Yen Reaches 15-Year Low
Volatility was high today as the Japanese yen fell to its lowest level in the past 15 years. This has taken place as traders test the resolve of the Japanese government not to intervene in the currency...
GBP/JPY Elliott wave count and Fibonacci levels, August 25, 2010
According to wave count on hourly timeframe this currency pair is now moving within a strong med term downtrend. All the major waves are impulsive. The targets of the downside movement are Fibonacci expansions off AB waves...
Forexpros.com Daily Analysis – 25/08/2010
ForexPros Daily Analysis August 25, 2010 Euro Dollar The Euro broke the support we specified in yesterday’s report 1.2630, dropping modestly to 1.2586, and stopping clearly before meeting our target at 1.2550. With this new extension to...
AUD USD in Depth
After the 38.2% correction halted the pair’s downside move, the pair rushed to the upside within the short term upside channel; after reaching the channel’s resistance areas around 0.9220 trading reversed normally, yet over daily basis the...
The Dollar Rally According To Fibonacci
EURUSD: The EUR closed below both the 100 day and 50 day moving averages. The candle that caused the fall also initially broke below the 38.2% Fibonacci Retrace level. This level is generated by using the low...