EUR/JPY Generally speaking, the pair is actually moving aside. However, during the Monday’s session, it stationed around the daily support of 108.46. The bullish engulfing template the pair created suggests a reversing trend for the short term....
With slow trading expected today, investors will likely keep their eyes on the U.S. Dollar and whether it can maintain its recent upswing that it experienced last week. Set to be released later today, the U.S. Consumer...
Market Review – 27/12/2010 21:42 GMT Euro rebounds against dollar after China’s rate hike The single currency initially fell against dollar on Monday after weekend’s quarter-point rate hike by PBOC in its key one-year lending and deposit...
ForexPros Daily Analysis December 27, 2010 I will be posting this week but will be looking at the market in broader terms since light volume tends to make trading setups more volatile in shorter timeframes.
Markets were relatively muted in overnight trading, as a lack of news events have created a low liquidity environment. Still, there were some erratic price movements to start of the week. The EUR/USD pair once again dropped...
USD Index chart USDX situation remained actually unchanged in comparison with previous week’s one. It consolidated in a price range between 80.31 and 80.82, forming rectangular price pattern. As rectangular is a trend continuation pattern we are...
USDCAD continues its sideways movement. Range trading between 0.9977 and 1.0378 is still possible in a couple of weeks. Another rise to test 1.0378 key resistance would more likely be seen before breaking below 0.9977 support.
USDCAD continues its sideways movement. Range trading between 0.9977 and 1.0378 is still possible in a couple of weeks. Another rise to test 1.0378 key resistance would more likely be seen before breaking below 0.9977 support.
USDCHF’s fall from 1.0066 extended to as low as 0.9497. Key resistance is now at 0.9733, as long as this level holds, downtrend could be expected to continue and one more fall towards 0.9463 previous low is...
USDJPY is in uptrend from 80.30, the price action from 84.40 is treated as consolidation of uptrend. Pullback to 81.00-82.00 area to reach next cycle bottom on daily chart is expected next week. Key resistance is at...
