Crude Oil Midday Report 03/6/2010
The mixed signals pointed in our morning report are starting to affect crude, where it managed to breach the awaited resistance level at 73.75; but due to the 100 MA and the negative cross over on Stochastic...
Category: Daily Forex Reports
Major Currencies’ Midday Report 03/6/2010
EURUSD The pair set a four-hour closing above the awaited morning resistance at 1.2290; therefore activating the suggested morning scenario, although the affect of the 50 MA and Stochastic’s negativit y has pushed the pair to move...
Forexpros.com Daily Analysis – 03/06/2010
ForexPros Daily Analysis June 3, 2010 Fundamental Analysis: US Nonfarm Payrolls Traders of the US anticipate the publication of the Nonfarm Payrolls. The data measures the change in the number of employed people during the last month...
JPY – Risk Appetite Rules For A Day
The JPY traded lower against the USD again on Wednesday and finds itself moving towards the weaker sides of its range against the greenback. This has come on the heels of a political upheaval in Japan in...
DAX Technical Analysis
After temporarily exiting the main ascending channel over weekly basis above, the index indulged in a downside correction which settled for the 23.6% correction supported by the 50 MA and then reversed to the upside to test...
GBP/USD 1.4715 – 3 June 2010
GBP/USD Open 1.4646 High 1.4767 Low 1.4561 Close 1.4651After the good but exhausting rise, which took place earlier this week, on Wednesday Pound/Dollar corrected downward, in line with negative Interbank sentiment at nearly -33%. The Cable dropped...
Moving Averages
Averages serve one key purpose, to smooth out price action. In so doing, it should give a trader a better feel for how to trade certain markets. We often talk about the major moving averages of 50,...
Euro Reached Year Low against the British Pound
The EUR traded relatively flat yesterday against the U.S. Dollar, but it continued to trade low against the British Pound, the EUR/GBP pair is currently trading at 0.8365, after crossing below 0.8400, and reaching as low as...
Crude Oil Morning Report 03/6/2010
Yesterday’s pivotal support was at 71.65 showing a strong stance in front of crude’s strong attempts to push upwards and attack 23.6% Fibonacci correction, which has currently turned into resistance at 73.75. Through the image above, we...
Major Currencies’ Morning Report 03/6/2010
EURUSD The pivotal support mentioned yesterday at 1.2175, shown strong steadiness against the negative pressure on the pair; thereby pushing it to the upside to attack resistance for the descending channel that organizes the last bearish intraday trend. ..