GBP/USD has broken above a down-sloping trend-line and is consolidating in a range. It is possible that it could go higher, although, there is also the chance of a correction. The move out of the triangle has...
The GBP/USD pair fell during the session on Monday, but bounced in order to form a hammer just above the 1.62 level again. This level looks like is acting as significant support, and as such we think...
Non eventful day contributed to dull trading in most of the FX Pairs. The Dollar Index is trading flat at 79.55 after finding support at 78.70 ranges; further fall in the Greenback is expected only on the...
Market review for 17 – 21.09.2012
The Dollar Index is trading firm at 79.60 after finding support at 78.70 ranges; further fall in the Greenback is expected only on the Dollar Index consistently trading below 78.00 ranges.
GBPUSD’s upward movement from 1.5268 extends to as high as 1.6309. Further rise is still possible after a minor consolidation, and next target would be at 1.6500 area. Support is at 1.6050, as long as this level...
The GBP/USD pair rose during the session on Friday and even managed to break through the 1.63 level at one point. However, by the end of the day we saw a pullback that formed a shooting star.
The Dollar Index is trading flat at 79.42 after finding support at 78.70 ranges; further fall is expected only on the Dollar Index consistently trading below 78.00 ranges.
The GBP/USD pair fell for most of Thursday, but bounced in order to form a hammer and the 1.62 level. This pair has been broken out for some time, and as such we are very bullish of...
The GBP/USD pair fell during the session on Wednesday, only to turn around and bounce in order to form a hammer. It looks like the 1.62 level wants to be support now, and with the recent rise...
