Crude’s trading is wedged below support for the previously breached bullish channel that has currently turned into resistance at 76.65 above pivotal support 75.75, with ongoing oversold signs appearing through momentum indicators. The daily closing continues below...
The 1-0 over-time victory of Spain over the Netherlands in yesterday’s World Cup Final has generated an interesting question among market analysts. Does this victory put optimism and positive sentiment back into Spain’s crumbling economy? Can it...
EUR/USD Open 1.2644 High 1.2719 Low 1.2587 Close 1.2635 On Friday Euro/Dollar continued climbing at first, than dropped, loosing all gains for the last 2 days. The European currency appreciated to 1.2719 on Friday, in line the...
Market Review – 09/07/2010 21:40 GMTEuro retreats from a two-month high on long liquidationAlthough the single currency briefly rose above Thursday’s high of 1.2713 to a 2-month high of 1.2723 in European morning, good selling interest emerged...
EURUSDThe pair is currently trading at the support for the rising wedge shown in our morning report, where it is presently at 1.2660; while Stochastic is gradually unloading the negative momentum. Accordingly we expect the start of...
Crude is trading in a narrow range since this morning while stabilizing below the previously breached support level that has turned into resistance which presently ascended to 76.20. Momentum indicators are showing negative signs that support our...
USD/JPY Open 88.44 High 88.69 Low 87.66 Close 88.33 On Thursday Dollar/Yen continued increasing, matching the positive Interbank sentiment at nearly +2%. The currency couple rose from 87.66 to 88.61 yesterday, closing the day at 88.33. This...
The 38.2% held against the last two attempts to decline and pushed the pair to the upside to remain within the bearish correctional channel over daily basis above. The pair inclined to breach the 100 Days MA...
EURUSDThe pair continued its upside movement to touch 1.2700 while keeping an eye on the narrow and gradual range of trading, where as we ascend it may form a bullish wedge within the current minor ascending channel...
Crude ascended to retest the previously breached support for the bullish channel that has currently turned into resistance, while it presently ascends to 76.10. Momentum indicators are showing clear overbought signs, thus adding strength to the mentioned...
