The Dollar Index is trading firm at 79.38 after finding support at 78.70 ranges; further fall is expected only on the Dollar Index consistently trading below 78.00 ranges. Though the major trend is bearish, the USD seems...
Market review for 18.09.12: The started yesterday the two-day meeting of BOJ in the focus of market participants.
GBP/USD had a fairly quiet session on Tuesday as the market seems a bit “toppy” here. Looking at this recent rally is obvious that the market is overextended. We actually preferred to see a pullback to the...
Market review for 17.09.12: The Australian dollar fell amid escalating tensions between Japan and China.
The GBP/USD pair formed a shooting star the end of the session on Monday as we approach the 1.63 handle. This was the target from the ascending triangle breakout that we saw a month ago, and it...
The Dollar Index is currently trading at critical support of 78.70-78.20; further fall is expected only on the Dollar Index consistently trading below 78.00 ranges. Though the major trend is bearish, the USD seems to be over...
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The GBP/USD pair has pulled back since making new highs on Friday; momentum is very overbought and the breakout from the triangle has fulfilled its price objective signalling that porbably a temporary top is now in place....
The GBP/USD pair rose significantly on Friday as the 1.62 handle has been broken. The market looks very supportive of the British pound in general, and as such we think this trend should continue.
GBPUSD’s upward movement from 1.5268 extends to as high as 1.6254, and is now facing 1.6301 resistance. Consolidation of the uptrend could be expected next week, and the trading range would be between 1.6050 and 1.6301. Uptrend...
