EURUSD The pair continues its bullish movement according to our previous reports, where through the image above, we expect to reach resistance for the main descending channel after its ongoing strong stance for its support. In overall, we...
During the past week, the Euro managed to recover against most of the major currencies. However as this week began, concerns over an economic growth due to the Euro-Zone’s debt crisis have weakened the Euro. Will the...
EUR/USD Open 1.2533 High 1.2651 Low 1.2305 Close 1.2574After partial recovery, the Euro dropped on Friday with a strong downward impulse. Euro/Dollar climbed from 1.2484 to 1.2651 on Friday, and than lost all gains, in line with...
At 1-hour chart of EUR/GBP there was formed an “Evening Star” combination which gives a signal of the downward movement. In addition, this candlestick formed near the resistance level 0.8780-0.8790 where also stood Fibonacci correction level 50.0.
A confident pair growth in the second part of the day on Thursday led to setting of a new local maximum of 1.2596, though many market participants were skeptical about this uprise since they are bounding it...
EURUSD The pair continued downs downside correction reaching 38.2% Fibonacci that meets with the 50 MA. The ability of this level to hold the pair to the upside will help activate the bullish scenario expected for today....
USDCAD: In our analysis Wednesday we talked about the potential for huge price action if the CAD cleanly breaks above the 200 day MA and we certainly saw that yesterday. This move is significant for 3 reasons....
USD/JPY Open 89.42 High 91.87 Low 89.05 Close 89.62Dollar/Yen made a significant decrease on Thursday, in line the Interbank sentiment at around -23%. The currency couple depreciated from 91.87 down to 89.05, closing the day at 89.62....
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GBP/USD Open 1.4336 High 1.4458 Low 1.4243 Close 1.4356After a slight descend at the beginning of this week, Pound/Dollar was held within a wide trading range, in converse with the negative Interbank sentiment at around -68%. The...
