The downside correctional channel still controls the pair’s movement since the correction was triggered from the recorded top at 163.05; the downside correction extended beyond the main levels yet 76.4% correction was strong support against further bearishness...
Amid the central bank movements from the United States and Japan, the euro zone has been eerily silent regarding its currency valuation and interest rates. This week’s news events should help shed more light on what’s happening...
EURUSDThe pair is moving within a sideways range between 1.3420 and 1.3500, where Stochastic neared oversold areas; thus, we expect to continue the bullish intraday trend that requires the breach of 1.3500 to pave the way towards the...
Crude achieved the awaited descend mentioned within our weekly report yesterday as it managed to build a base on the MA 50 and head to the upside in an attempt to attack pivotal resistance 76.60, accompanying the...
Market Review – 27/09/2010 22:58 GMTEuro falls from a fresh five-month high on worries over European debt crisisEuro dropped from a fresh 5-month high against dollar on Monday, as worries about fiscal debt problems in Europe curbed...
During the previous trading week the greenback demonstrated weakness before the release of the FOMC meeting, as well, as after it. The greenback rate showed decrease as the expectations for the FOMC meeting expressed possibility of the...
Usd/jpy – 84.28 Japan’s deputy FINMIN Sakurai said the Japanese gov’t aims to avoid issuing new bonds in compiling extra budget, its up to BOJ to decide its policy n increasing the purchase of JGB is one...
ForexPros Daily Analysis September 27, 2010 Euro Dollar The Euro topped at a 5-month high on Friday, hitting a high of 1.3497, just pips before the important Fibonacci level for the medium term. Last week, we had...
Updating our previous analysis, the metal breached the resistance for the sideways wave at 1602.00 which is the neckline for a bullish pattern. The breach was successful alongside series of stability and daily closings above the mentioned...
EURUSDThe pair continued its bullish movement breaching the neckline for the bullish technical pattern at 1.3330, where this breach encourages us to expect a bullish trend in overall trading for this week.
