GBP/JPY Elliott wave count and Fibonacci levels, July 23, 2010
This currency pair is now trading in the flat, limited by 130.80-133.29. The break out of the flat will show the direction of the impulsive wave C of the intermediate trend.
Category: Daily Forex Reports
Major Currencies’ Midday Report 23/ July /2010
EURUSDThe pair attempted to breach the support for the rising wedge once again, but reversed strongly to the upside with clear bullish momentum. We recommend observing trading today, especially as we await the stress tests results later today...
Crude Oil Midday Report 23/ July /2010
Crude is attempting to revisit the retest level mentioned this morning around 78.50, supported by negativity from momentum indicators; therefore our expectations remain intact, keeping in mind that crude must build a base above 77.40 to maintain our...
USD/JPY 87.14 – 22 July 2010
USD/JPY Open 87.16 High 87.21 Low 86.36 Close 86.92 Dollar/Yen resumed increasing on Thursday, in converse with the negative Interbank sentiment at around -4%. The currency couple appreciated from 86.36 to 87.18 yesterday, closing the day at...
Microsoft in Depth
After recording the bottom over medium term basis at 22.72, the share started an upside correction extending beyond the 23.6% correction and currently near 38.2% at 26.10.
GBP/USD 1.5285 – 23 July 2010
GBP/USD Open 1.5269 High 1.5294 Low 1.5151 Close 1.5256 On Thursday Pound/Dollar sharply rose, in line with the positive Interbank sentiment at nearly +12%, staying within this week’s range. The Cable appreciated from 1.5151 to 1.5291 yesterday,...
Crude Oil Morning Report 23/ July /2010
Crude has pushed to the upside breaching pivotal horizontal resistance around 78.50 and expect at the retest level for the previously breached rising wedge that has currently turned into resistance at 79.60. Momentum indicators are showing negative...
Major Currencies’ Morning Report 23/ July /2010
EURUSDThe pair returned within the support for the previously breached rising wedge and above resistance for the bullish channel that represents the medium term bullish direction. This makes chances of returning the bullish trend returning within the...
Euro-Zone Bank Stress Test Results Expected Today
The Euro managed to erase most of its weekly losses against the Dollar yesterday, as investors expect bank test results to show that the Euro-Zone’s condition is stabile. The market waits to hear that the Euro-Zone’s debt...
EUR/USD 1.2885 – 23 July 2010
EUR/USD Open 1.2901 High 1.2922 Low 1.2739 Close 1.2891 On Thursday Euro/Dollar changed direction and started increasing as a result of optimism returning to the market. The European currency appreciated from 1.2739 to 1.2922 yesterday, not exactly...