The GBP/USD pair had a fairly volatile day as the Wednesday session produced a long-legged doji candle. The pair is currently trading in a massive resistance area above the 1.58 mark, and because of this we expect...
Technical analysis for 21/03 EURUSD The pair is aiming to 1.33143. Resistance: 1.33143, 1.34882, 1.35984 Support: 1.31674, 1.30277, 1.28630
The Dollar Index fall for second consecutive day after entering historic congestion zone of 80.50-81.20. Unusual correlation is observed between the benchmark equity index of the Dow Jones Industrials and the Dollar Index during the past couple...
GBP/USD fell for most of the session on Tuesday to form a bearish and red candle. However, the pop at the end of the day also made a bit of a hammer. It is at the top...
The statements of German Chancellor, Ms. Angela Merkel provided support for the Euro currency.
GBP/USD rose again on Monday as the bulls came back into the market. However, we are very close to serious resistance at the 1.59 to 1.60 area, and this should continue to push prices lower when approached.
Market review for 12 – 16.03, 2012
The GBP/USD pair shot straight up during the Friday session, and through the 1.58 resistance level. The pair should be running into fairly heavy resistance at these levels, so we are looking to sell this pair between...
After touching 1.5645 support, GBPUSD rebounded from 1.5602, suggesting that a cycle bottom has formed on daily chart. However, the rise would possibly be correction of the downtrend from 1.5991, another fall towards 1.5236 previous low is...
The GBP/USD pair rose for the session on Thursday as the 1.5650 level continued to hold as support. The pair looks weak overall, but it doesn’t seem quite ready to fall yet. The level could provide a...
