Areas of 76.4% Fibonacci held against the pair downside attempts within the descending channel over medium term basis; the pair rebounded to the upside towards the channel’s resistance where it neared those areas and settled for 137.75...
Crude appreciated strongly after settling above the previously breached downside channel’s resistance levels, affected by the rising technical pattern that witnessed a breach for its neckline at 73.95 along with the momentum indicator’s entering overbought areas. Accordingly,...
EURUSDThe pair fluctuated near the previously breached pivot support levels at 1.2730, with attempts to stabilize above it. Note that, the last week’s closing level was exactly at these levels, accordingly, preserving our expectations of adownside wave during this week, supported...
Friday came and went with all the force of a feather. The currencies and the broad markets traded in rather tight ranges most of the day putting into focus the amount of caution that prevails and the...
The index succeeded in completing the bearish head & shoulders pattern which we mentioned before with the neckline at 1040.00; the index breached the neckline though lacked the downside momentum to reach the targets in addition to...
Trading exited the main ascending channel to correct the entire upside wave which started from 745.00 to the top at 1752.50, this downside correction is finding difficulty in breaching 23.6%. As seen above, trading is restricted within...
Support Levels: 1.0450, 1.0380, 1.0244Resistance Levels: 1.0680, 1.0858, 1.0990On a 4-hour chart USD/CAD has recoiled from the resistance level of 1.0680 after a strong uprising movement. However, the short term attitude to the currency pair remains bullish....
Crude breached resistance for resistance for the bearish channel yesterday, where we notice that the bullish wave is wedged within the rising wedge that has breached its support, where it holds the ability help crude return within...
EURUSDThe pair was stuck above resistance for the previously breached bearish channel and below the retest level 1.2730; whereas momentum indicators lost bullish momentum and thereby maintaining chances of achieving yesterday’s suggested bearish scenario intact. We expect a...
Market Review – 26/08/2010 22:45 GMTDollar falls against most major currencies on risk aversions ahead of Bernanke’s speech The greenback dropped against most major currencies on Thursday, as investors were cautious ahead of U.S. Federal Reserve Chairman...
