Trading Time Frames
USDJPY (Daily): The chart below demonstrates the volatility of this pair. It essentially is moving sideways with a large distance between chart highs and lows. Friday’s price actions saw this pair open at the 200 day MA...
Category: Daily Forex Reports
Will The Euro Drop Further Following Spain’s Credit Downgrade?
After several days on which the Euro saw recovery signals, Fitch Ratings announced that it downgrades Spain’s credit rating. The rating company explained that Spain’s large debts were the catalysts for this decision. As a result the...
Weekly Technical Analysis for Crude Oil 31/5/2010
Crude is trading naturally within the ascending channel that organizes the current bullish short term wave’s trading shown above, where it neared achieve a flawless bullish technical pattern as its neckline is at 75.35, mentioned in the...
Weekly Technical Analysis for Major Currencies 31/5/2010
EURUSD The support levels for the main descending channel has shown a strong stance in front of the third attempt to breach it last week, where the pair moved to the upside due to positive signs appearing...
Fitch Downgrades Spain
Because of the holidays both in the U.S. and the U.K. today, traders should expect much lower volume than normal. The markets will stand mostly in place with brief moments of sudden volatility if a large speculator...
EUR/USD 1.2301 – 31 May 2010
EUR/USD Open 1.2276 High 1.2434 Low 1.2153 Close 1.2268After partial recovery on Friday, Euro/Dollar lost its daily gains. Euro/Dollar appreciated from 1.2290 to 1.2434 on Friday, in converse with the Interbank sentiment projection, at around -11%, than...
Daily Market Outlook by Acetrader
Market Review – 28/05/2010 18:18GMTEuro weakens after Fitch downgrades Spain’s sovereign debt ratingThe single currency declined broadly on Friday after Fitch Ratings downgraded Spain’s credit rating from AAA to AA+, fueling worries that the European sovereign-debt crisis...
Fractal analysis of EUR/USD pair. Trading recommendations
Dear traders, We are watching over the upside trend development from May 26 and do not hurry to determine mid term targets for the upward movement.
Crude Oil Midday Report 28/5/2010
The MA 100 stood as a strong barrier in front of crude’s attempts at retesting 73.55 as mentioned this morning, where it returned to attack resistance over the short term at 75.35.
Major Currencies’ Midday Report 28/5/2010
EURUSD The pair rushed to retest the previously breached support level shown above in red. Momentum indicators are still showing negative signs as the pair reaches the resistance for the minor ascending channel and therefore a minor...