JPY – Talk Of Intervention But…
The JPY continues to trade in a strong manner, but did give some of its gains back to the USD later on Tuesday. Nervous bourses throughout Asia have created a rather palpable run to the perceived safe...
Category: Daily Forex Reports
USD/JPY 87.12 – 21 July 2010
USD/JPY Open 87.27 High 87.57 Low 86.69 Close 87.48 Dollar/Yen continued the upward adjustment on Tuesday, in line with the positive Interbank sentiment at nearly +1%. The currency couple appreciated from 86.69 to 87.57 yesterday, closing the...
Forex Analysis – GBPUSD – 21st July
Trend Direction: Bullish Trend Reversal Level: 1.4940 Key Support Levels: 1.5200, 1.5270, 1.5150, 1.5050, 1.5000
Forexpros.com Daily Analysis – 21/07/2010
ForexPros Daily Analysis July 21, 2010 Fundamental Analysis: Initial Jobless Claims The Initial Jobless Claims is a seasonally adjusted measure of the number of people who file for unemployment benefits for the first time during the given...
Silver in Depth
The last short term upside wave which started after reaching the support for the medium term trend at 14.63 ended at the recorded top of 19.80, from where silver started a downside correction as seen on the...
GBP/USD 1.5289 – 21 July 2010
GBP/USD Open 1.5284 High 1.5307 Low 1.5153 Close 1.5268 After another unsuccessful upward push up, on Tuesday Pound/Dollar corrected deeply downwards, in converse with the positive Interbank sentiment at nearly +16%. The Cable depreciated from 1.5307 to...
AUD/USD Elliott wave count and Fibonacci levels, July 21, 2010
According to wave count this currency pair is now developing potential wave C of the intermediate uptrend. The wave will be confirmed if 0.8870 is broken to the upside
Major Currencies’ Morning Report 21/ July /2010
EURUSDThe pair descended sharply yesterday to retest the resistance for bullish channel previously breached and turned into support, which currently ascended towards 1.2845. Signs of a bearish pattern which is a rising wedge are seen over four-hour...
Moving Averages
Moving averages can be used during trending and ranging time periods. If price had been moving ahead of the 50 day moving average or trading below the 200 day MA for a significant period of time and...
Crude Oil Morning Report 21/ July /2010
Crude pushed yesterday to retest support for the rising wedge previously shown, where it is currently ascending around 78.00, accompanied by momentum indicators entering overbought areas. Therefore, we hold onto yesterday’s scenario where we expect a bearish intraday...