Market Commentary The Dollar Index (DX) again finds resistance at 79.00 ranges since April, 2010, resulting in sell off in benchmark equity index of Dow Industrials (DJIA). Next leg of weakness in the USD is expected only...
Market Commentary The US Dollar is trading mixed wherein it continued depreciating against the Euro and the Swiss France, where as it appreciated against the British Pound after depreciating for couple of days and continued depreciating against...
EURUSD continues its upward movement from 1.2661, and the rise extends to as high as 1.3711. Further rise could be expected after a minor consolidation, and next target would be at 1.3800-1.3900 area.
The EUR/USD pair rose again during the Friday session as the nonfarm payroll numbers in America came out pretty much as expected. This being said, we have broken above the 1.350 level, which of course was an...
The EUR/USD pair initially fell during the Thursday session, but found enough buyers to push the market back up and form a hammer. This hammer since just below the 1.36 level, and we believe that the Friday...
The EUR/USD pair shot through the 1.35 level finally on Wednesday. This is a significant breakout, in the fact that the market is closing so high suggests that we are just now starting to form the next...
Market Commentary The US Dollar is trading mixed since past couple of weeks wherein it has depreciated against the Euro and traded flat against the Swiss France and the Aussie but continued appreciating against the Japanese Yen...
The EUR/USD pair fell initially during the Tuesday session, but found enough support at the 1.340 level to bounce and form a fairly positive candle for the day. Just above lies the 1.35 resistance area, an area...
The EUR/USD pair fell most of the session on Monday, but did bounce towards the end of the day also the 1.34 level in order to form a bit of a hammer. This hammer is just below...
EURUSD’s upward movement from 1.2661 extends to as high as 1.3479. Support is now at 1.3340, followed by the upward trend line on daily chart. As long as the trend line support holds, the uptrend could be...
