EURUSDThe pair extended its rise within the short-term ascending channel while finding difficulties in surpassing 1.3190 levels affected by the negative sings from the momentum indicator, slight downside correction might take the pair to 1.3105 before rising...
Market Review – 02/08/2010 23:23 GMTEuro surges to a 3-month high as firmness in U.S. stocks boosts risk appetiteEuro surged to a 3-month high of 1.3196 on Monday due to dollar’s broad-based weakness and the firmness in...
Support levels: 1.0251, 1.0141, 1.0013.Resistance levels: 1.0390, 1.0500, 1.0550.USD/CAD is demonstrating a downward tendency. At the moment, the view of the pair is neutral as long as the support level of 1.0251 is not broken.
Affected by the bullish pattern that is appearing on the below chart, oil inclined once more and succeeded in entering the previously broken bullish channel. Momentum indicators still show negative signs and thus; the suggested bearish scenario is...
EURUSDThe EUR/USD pair ascended since this morning, despite the clear overbought signs from the momentum indicators. We are waiting for the pair to touch the 1.2990 levels before completing its intraday bullish direction, where stability above those...
ForexPros Daily Analysis August 02, 2010 Fundamental Analysis: Interest Rate Decision The Reserve Bank of Australia (RBA) decision on short term interest rate.The decision on where to set interest rates depends mostly on growth outlookand inflation. The...
The JPY continues to trade near the highest realms of its value against the USD as Asian bourses, particularly the Nikkei recently, have taken a cautious approach. The JPY serves as a good reminder that even as...
The metal succeeded in breaching the support line of the bullish wave as we mentioned in previous reports, influenced by the bearish pattern appearing on the provided chart. We know that, the suggested neckline was breached at...
Riskier currencies like the EUR and U.K. pound made significant gains against both the Yen and U.S. Dollar in overnight trading, as the markets prepare for a heavy trading week. Traders will want to pay attention to...
USDJPY: The JPY is clearly trending down as it makes lower highs and and lower lows (known as a Step Pattern). However, strong Resistance sits at 86.34, exactly where the JPY closed on Friday. The two long...
