The U.S. Dollar and the Japanese Yen gained ground yesterday while Euro and other higher-yielding currencies remained on the defensive as it appears that the recent risk rally has run its course and the excitement from China’s...
GBP/USD Open 1.4817 High 1.4877 Low 1.4693 Close 1.4812On Tuesday Pound/Dollar made a deep correction downwards at first, than recovered sharply upwards, in converse with negative Interbank sentiment at nearly -27%. The Cable depreciated to 1.4693 yesterday,...
Perhaps among the most basic of technical analysis, yet highly effective. Using Trend line Support and Resistance helps a trader target; profit taking levels, entry points as well as stops. It allows a trader to visualize trending...
Crude leaped towards the awaited target yesterday at 79.50, but managed to bearishly reverse once again towards the pivotal support between 77.20 – 77.05. The image below shows that crude was not able to achieve stability above support...
EURUSD The pair touched 1.2240 – 38.2% Fibonacci correctional level– ,moving according to the suggested midday scenario yesterday on its way to complete forming the bearish technical pattern shown below. We currently await some upside movement; targeting 1.2330 –...
The US currency recovered some earlier gains against the EUR yesterday as stocks turned notably lower in afternoon trading, indicating to fx traders that investors’ appetite for riskier assets has diminished. The main piece of US economic...
EUR/USD Open 1.2272 High 1.2344 Low 1.2247 Close 1.2266On Tuesday Euro/Dollar continued correcting downwards. The European currency depreciated from 1.2344 to 1.2256 yesterday, in line with the Interbank sentiment projection, at around -0.5%, closing the day at...
Market Review – 22/06/2010 21:41 GMTYen rises as weakness in U.S. stocks sparks risk aversionYen rose on Tuesday as investors flocked to the Japanese yen as safe haven after U.S. stocks fell sharply due to poor U.S....
Crude is gradually nearing the awaited pivotal support at 77.20, with major oversold signs appearing through stochastic. The pair has met the MA 50 at 77.20, thereby including additional strength to this level; therefore,morning expectations will remain...
EURUSD The pair is negatively pressuring pivotal support mentioned this morning at 1.2280; whereas we see the possibility of a bearish technical pattern appearing on the four hour chart below.
