After the index recorded the top at 88.70 the index reversed lower structurally within the downside channel shown over daily basis above, where this channel is leading the index to breach the downside correctional levels so far...
The USD remained in a faithful range on Thursday setting the path for the always important Non Farm Employment Change numbers today. Trading across the board yesterday proved to be cautious.
EURUSDThe pair is trading near support for the bullish channel which is ascending towards 1.3145, while SMA 50 supports this channel. This support’s stance encourages us to expect a bullish intraday trend; targeting once again pivotal resistance 1.3250 in...
Crude has found strong support around 81.55 and thereby this support will form the neckline for the bearish technical pattern shown in the image below, alongside clear overbought signs appearing on momentum indicators. We expect a bearish intraday trend that will...
Weekly U.S. unemployment numbers sent the dollar lower during U.S. trading hours today as applications for unemployment insurance rose to a three month high. The negative employment data comes prior to today’s release of the all important...
Market Review – 05/08/2010 22:45 GMTDollar weakens against the yen on weak U.S. jobs dataDollar fell against the Japanese yen on Thursday, as disappointing U.S. jobs data added concerns over the speed of U.S. economic recovery.
EURUSDThe pair is moving according to our morning suggested scenario nearing the initial key target at 1.3250; therefore, we maintain our morning expectations intact as long as stability is above 1.3110.
Crude attempted to breach the minor support at 81.90, but quickly returned to build a base above it. Meanwhile, Stochastic is heading to the downside accompanied by the RSI moving near overbought areas. Thus, we expect a bearish...
ForexPros Daily Analysis August 05, 2010 Fundamental Analysis: Unemployment Rate The Unemployment Rate is a measure of the percentage of the total laborforce that is unemployed but actively seeking employment and willing to workin the US. A...
After 38.2% Fibonacci correction for the entire upside wave –from 125.35 till 365.50- held against the downside correction after breaching the support medium term bullishness, the metal head to the upside breaching the resistance around the 23.6%...
