GBPUSD Analysis – August 29, 2010
GBPUSD remains in downward movement from 1.5997 and the fall extended to as low as 1.5372. Deeper decline is still possible next week and target would be at 1.5300 area. Key resistance is at 1.5701, only break...
Month: August 2010
EURUSD Analysis – August 29, 2010
EURUSD’s fall extended to as low as 1.2587. Key resistance is at 1.2921, as long as this level holds, downtrend is expected to continue and next target would be at 1.2500 area. However, above 1.2921 will indicate...
S&P in Depth
The index succeeded in completing the bearish head & shoulders pattern which we mentioned before with the neckline at 1040.00; the index breached the neckline though lacked the downside momentum to reach the targets in addition to...
Platinum in Depth
Trading exited the main ascending channel to correct the entire upside wave which started from 745.00 to the top at 1752.50, this downside correction is finding difficulty in breaching 23.6%. As seen above, trading is restricted within...
USD/CAD Technical analysis for August 27, 2010
Support Levels: 1.0450, 1.0380, 1.0244Resistance Levels: 1.0680, 1.0858, 1.0990On a 4-hour chart USD/CAD has recoiled from the resistance level of 1.0680 after a strong uprising movement. However, the short term attitude to the currency pair remains bullish....
Crude Oil Morning Report 27/ August /2010
Crude breached resistance for resistance for the bearish channel yesterday, where we notice that the bullish wave is wedged within the rising wedge that has breached its support, where it holds the ability help crude return within...
Major Currencies’ Morning Report 27/ August /2010
EURUSDThe pair was stuck above resistance for the previously breached bearish channel and below the retest level 1.2730; whereas momentum indicators lost bullish momentum and thereby maintaining chances of achieving yesterday’s suggested bearish scenario intact. We expect a...
Daily FX Market Review by Acetrader
Market Review – 26/08/2010 22:45 GMTDollar falls against most major currencies on risk aversions ahead of Bernanke’s speech The greenback dropped against most major currencies on Thursday, as investors were cautious ahead of U.S. Federal Reserve Chairman...
EUR/USD Analytical Review with recommendations for August 26, 2010
On Wednesday the euro versus the US dollar looked very volatile, though it was not able to show any trend. During the European session EUR/USD hit the maximum around 1.2725 after the level of business confidence in Germany...
Forexpros.com Daily Analysis – 26/08/2010
ForexPros Daily Analysis August 26, 2010 Euro Dollar The Euro traded violently yesterday, breaking both the support & resistance we specified in yesterday’s report without reaching any of the targets in both cases. These “nervous” moves are...