EURUSDThe pair continues fluctuating near the pivotal resistance at 1.2985 –61.8% Fibonacci– where trading is taking a form near the symmetrical triangle; therefore, we expect a bullish intraday trend that will start after a clear breach of the...
EUR/USD Open 1.2940 High 1.2983 Low 1.2873 Close 1.2942 After starting with downward correction during the Asian session, on Monday Euro/Dollar continued ascending. The European currency appreciated from 1.2873 to 1.2983 yesterday, matching the positive Interbank sentiment...
Market Review – 19/07/2010 22:00 GMTEuro rebounds on fall in U.S. homebuilder sentimentAlthough the single currency fell below Friday’s low of 1.2890 in early Australian trading on Monday as traders sold euro in reaction to Sunday’s news...
Crude found strong support at 38.2% Fibonacci correction (75.75) that pushes crude to the upside, where we expect it to retest previously breached support levels that have currently turned into resistance between 76.50 – 77.00. The stochastic...
EURUSDThe pair is facing a hard time in surpassing the pivotal resistance around 1.3000, thus pushing the pair to the downside where we see that it will return to retest the previously breached resistance that has currently...
ForexPros Daily Analysis July 19, 2010 Fundamental Analysis: Interest Rate Decision The Bank of Canada (BOC) decision on short term interest rate. The decision on where to set interest rates depends mostly on growth outlook and inflation....
USD/JPY Open 86.51 High 87.49 Low 86.34 Close 86.52 On Friday Dollar/Yen continued descending, in line with the negative Interbank sentiment at around -16%. The currency couple depreciated from 87.49 to 86.34 on Friday, closing the week...
After rebounding to the upside from 38.2% Fibonacci correction for the entire upside move which started from 0.6007 to 0.9405, the pair found difficulty in surpassing the strong resistance at 0.8870 which is the 61.8% correction for...
GBP/USD Open 1.5302 High 1.5439 Low 1.5269 Close 1.5295 After an unsuccessful rising efforts, on Friday Pound/Dollar corrected deeply downwards, in converse with the positive Interbank sentiment at around +20%. The Cable depreciated from 1.5439 to 1.5286...
The USD traded in a consolidated manner on Friday against the EUR and GBP, albeit at the weaker side of its range. Divergence has taken hold within the broad markets and this has occurred as U.S. data...
