High-risk currencies start the week with a negative trend. Asian and European trading sessions: Euro: On Monday the euro dropped against all counterparts. Market tension over the today’s EC meeting in Brussels pressured the euro. The Financial...
The previous week was marked by the greenback new 2-months maximum. And the week has already started with sharp drop of the euro. According to the released information, European officials offered Ireland an 85 billion euro bailout. The concerns...
AUDUSD The Australian dollar bounced smartly on Friday, bringing levels up to a critical region. Prices stopped right at the 61.8% Fibonacci retracement which often provides significant resistance. The rally stopped just shy of the very strong...
AUDUSD bounced strongly from 0.9537, suggesting that a cycle bottom had been formed on daily chart. Now the bounce from 0.9537 could possibly be resumption of uptrend from 0.8066. Further rise towards 1.0182 previous high could be...
Fears for the spreading of the European crises are growing. Asian and European trading sessions: Euro: Today the euro was mainly pressured by the increased concerns that the Ireland crises would spread on the other countries, such...
According to wave count on larger timeframes AUD/USD is moving within wave C of daily degree (colored royal blue in the chart). Within this wave there’s a set of 5 waves of smaller degree – colored red...
AUDUSD Although the Australian dollar has slipped 5% off of its highs, the chart indicates that a bounce may be on the way. Prices have been falling in an ever narrower range, forming a falling wedge. This...
In this issue: 1. Weekly technical analysis2. First results of the “Jingle Bells” trading competition.3. Get a free ATM card when you open and fund your new trading account with us.4. Representatives Wanted!5. Economic Calendar, Pip value...
AUDUSD broke below 0.9651 key support, suggesting that the uptrend from 0.8066 has completed at 1.0182 level already. Deeper decline is now in favor and next target would be at 0.9300-0.9400 area. Resistance is at 0.9800, as...
The EUR/USD dropped to new lows. Asian and European trading sessions: Euro: The euro hit new minimums on Wednesday, as the rating agency “Standard and Poor’s” reduced the sovereign ratings of Ireland both long-term and short-term. The...
