Psychologically important levels usually have to do with round figures. An example of a psychologically important level would be the EUR spot approaching 1.30 as opposed to 1.2984. These are levels where technicians need to allow for...
EURUSDThe pair halted its upside rush at 61.8% Fibonacci correction and seems to have indulged in a minor bearish correction, affected by the negativity on momentum indicators over daily basis. We can expect a retest for the...
Crude was able to achieve the falling wedge pattern scenario suggested in our previous report, although it is finding a hard time in surpassing support represented by the MA 100. The stochastic is showing positive signs that...
EUR/USD Open 1.2902 High 1.3004 Low 1.2891 Close 1.2924 On Friday Euro/Dollar the rising momentum extended further during the European session, than consolidated. The European currency appreciated from 1.2891 to 1.3004 on Friday, matching the positive Interbank...
Market Review – 16/07/2010 21:39 GMTDollar falls to 7-month low against yen on worse-than-expected consumer sentimentThe greenback remained under pressure against the Japanese yen in Asia following previous day’s decline and fell to 86.97 due to the...
On Thursday, the euro increased against the US dollar to a 2-month high amid the weakening of the worries about the Eurozone sovereign debt and the strengthening of the fears concerning possible pause in the US economy...
Crude attempted to breach the rising wedge shown in our morning report, but has pushed to the upside once again to trade above this support that currently ascended to 76.45, due to the effect of the positive...
EURUSDThe pair built a base on 1.2880 to rush and touch the awaited key target at 1.2985. The negativity of momentum indicators is addin g strength to this level and therefore we should witness some fluctuation and...
The USD was besieged again on Thursday and the loss in value to the EUR and GBP came on a day Wall Street suffered also.
USD/JPY Open 87.38 High 88.39 Low 86.97 Close 87.41 On Thursday Dollar/Yen continued to drop strongly, in line with the negative Interbank sentiment at nearly -5%. The currency couple depreciated from 88.39 to 87.26 yesterday, closing the...
