After breaching the support for the support rising wedge shown below, the index rose slightly to retest the breach but was faced by the 100 MA which is strong resistance over short term basis, confirming the breach...
EURUSDThe pair was able to breach 1.2830 and stabilize below it and thereby activating yesterday’s suggested bearish direction; therefore, we can expect a bearish intraday trend targeting first the breach of the vital support for the short term...
Crude was able to achieve the initial awaited target at 74.20 and rebound to the upside sharply to retest the previously breached pivotal level at 75.80, accompanied by stochastic entering overbought areas. This makes usexpect to resume...
The USD bounced back in value on Wednesday as the broad markets remained cautious particularly without much economic data on the calendar. The greenback pushed the EUR and GBP back to lower realms and is now near...
The EUR lost ground to the USD as it range traded back to the lower realms of it short term value. There was no major economic data from the continent yesterday and today only the German PPI...
The Sterling traded lower against the USD on Wednesday. The U.K. will release Retail Sales, Preliminary Mortgage Approvals, and Public Sector Net Borrowing numbers today. The Retail Sales and Mortgage Approval figures will be watched closely.
The JPY traded slightly weaker against the USD as Asian bourses gained. The move by the Yen however was not monumental and the Japanese currency continues to find plenty of safe haven backers. The AUD did lose...
After tumbling in afternoon trading yesterday, the EUR/USD continued to drop in overnight trading, reaching as low as 1.2780. Analysts attribute the drop to the euro’s inability to stay above the psychologically significant level of 1.2900. Today,...
Market Review – 18/08/2010 22:52 GMTCable rises after the release of BOE’s minutesThe British pound strengthened against dollar on Wednesday as minutes from the BOE painted a brighter economic picture than expected and dashed market speculation over...
Support levels: 1.0300, 1.0250, 1.0200Resistance levels: 1.0500, 1.0586, 1.0650On a 4-hour chart, the USD/CAD currency pair is pulling back further from the upper limit of the downward channel, and now, it is forming “Flag” probably. It is...
