Market Review – 23/06/2010 21:33 GMTDollar slips as Fed turns cautious on U.S. economic recoveryDollar fell against the Japanese yen and euro on Wednesday as the Federal Reserve remained cautious on the U.S. economy and reiterated its...
The Australian dollar, as it was expected, closed the gap zone. Now, I wait for the reach of the level of 0.8550, but we would like to warn you about possible correction to the level of 0.87...
Crude has been trading in a very narrow range since this morning, due to the effect of the positivity appearing of momentum indicators and support from the MA 50. Meanwhile, pivotal resistance is currently at 77.70 and...
EURUSD The pair neared the awaited pivotal resistance at 1.2330, yet still struggling to stabilize above the 50 MA. The suggested morning scenario remains intact, yet we again point out to the signs of an expected bearish...
USD/JPY Open 90.57 High 91.07 Low 90.33 Close 90.56On Tuesday Dollar/Yen resumed descending, in line with the Interbank sentiment at nearly -63%. The currency couple depreciated from 91.07 to 90.34 yesterday, closing the day at 90.56. Today...
After the upside correction ended at the 61.8% correction, the index negatively pressured the support for the medium ascending channel which started from the trough recorded at 665.75, where the index managed to breach the support and...
The U.S. Dollar and the Japanese Yen gained ground yesterday while Euro and other higher-yielding currencies remained on the defensive as it appears that the recent risk rally has run its course and the excitement from China’s...
GBP/USD Open 1.4817 High 1.4877 Low 1.4693 Close 1.4812On Tuesday Pound/Dollar made a deep correction downwards at first, than recovered sharply upwards, in converse with negative Interbank sentiment at nearly -27%. The Cable depreciated to 1.4693 yesterday,...
Perhaps among the most basic of technical analysis, yet highly effective. Using Trend line Support and Resistance helps a trader target; profit taking levels, entry points as well as stops. It allows a trader to visualize trending...
Crude leaped towards the awaited target yesterday at 79.50, but managed to bearishly reverse once again towards the pivotal support between 77.20 – 77.05. The image below shows that crude was not able to achieve stability above support...
