EURUSDThe pair is finding difficulty building a base above 1.3250 due to the negative effect of momentum indicators appearing on the four-hour chart, currently close to touching minor support around 1.3185. We expect the pair to build...
Crude fluctuated yesterday around resistance for the bullish channel shown below, where it is currently at 82.25 as momentum indicators are showing negative signs that make us expect a bearish intraday direction; initially targeting 81.10 that are moving...
Market Review – 03/08/2010 22:02 GMTDollar sinks to eight-month low against yen on concerns over Fed’s additional measuresDollar fell sharply against the Japanese yen to 8-month low on Tuesday, as concerns that U.S. may require additional measures...
EURUSDThe pair built a base on 1.3145 and rushed towards the pivotal resistance at 1.3250 – 76.4% Fibonacci-. More bullish intraday movement is expected, where we may witness some fluctuation around the mentioned level due to the...
Crude ascended once again towards the resistance for the bullish channel that currently moved to the upside towards 82.10, alongside momentum indicators’ ongoing overbought signs. Thus, chances of resuming the bearish reversal and suggested retest mentioned this...
ForexPros Daily Analysis August 03, 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 New-Zealand.
The pair breached the resistance for the sideways wave around 135.75 which we mentioned in our Market Pulse report on July 20. The pair is now heading towards the main resistance for the downside wave at 139.15...
Yesterday’s trading was characterized with high optimism regarding global recovery. This optimism has boosted the European currencies, such as the euro and the pound, and weakened the relatively safer currencies – the US dollar and Japanese yen.
GBPUSD: The GBP surge, since bottoming at 1.43 in mid May has been impressive to say the least. We have commented before that price action on the GBPUSD is fairly quick between a 1.50 and 1.60 handle.
Crude yesterday strongly pushed to the upside due to the effect of the bullish pattern at 79.35, where it touched resistance for the bullish short term channel that is currently around 82.00. Momentum indicators are giving off...
