Forex-Metal Daily Analysis -19/01/2011
Strong Euro-zone fundamentals supported the euro. Asian and European trading sessions:
Tag: GBPUSD
Forex-Metal Daily Analysis -18/01/2011
The euro drops ahead of the European Finance Ministers meeting. Asian and European trading sessions:
The GBP/USD technical analysis and trading recommendations for January 17, 2011
4-hour timeframeOverview:The buy signal with target level at 1.5722 is being developed; however, price movement has stopped, which can be considered as a correction. The formed signal is strong and confirmed since the Chinkou Span fixated above...
GBPUSD Analysis – January 15, 2011
GBPUSD failed to break below 1.5296 key support and bounced to as high as 1.5888 level. Now the pair is facing 1.5910 resistance, a break above this level will confirm that the rise from 1.5344 is resumption...
Forex-Metal Daily Analysis -13/01/2011
Beige Book report saves the greenback. Asian and European trading sessions: Euro: On Wednesday the EUR/USD pair started to strengthen and reached the $1,3000 level during the morning trading. Euro continued to strengthen after the successful auction...
Forex-Metal Daily Analysis -12/01/2011
Euro managed to strengthen over the greenback. Asian and European trading sessions: Euro: Nevertheless that euro was under pressure due to the concerns over the Euro-zone crises, certain factors rendered support to the euro. The Japanese government...
Forex-Metal Daily Analysis -12/01/2011
Greenback was supported as unwillingness to take risks grew. Asian and European trading sessions: Euro: Concerns regarding the situation of the European peripheral countries and their weakened ability to raise financing continued to pressure the euro in...
GBPUSD Analysis – January 8, 2011
GBPUSD stays in a trend line from 1.6298 to 1.5910 and remains in downtrend, the bounce from 1.5344 is treated as consolidation of downtrend. As long as the trend line resistance holds, downtrend is expected to continue...
GBPUSD Analysis – January 1, 2011
Being contained by 1.5296 key support, GBPUSD rebounded from 1.5344. Resistance is at the downtrend line from 1.6298 to 1.5910, as long as the trend line resistance holds, downtrend from 1.6298 could be expected to continue and...
GBPUSD Analysis – December 25, 2010
GBPUSD’s downward move from 1.5910 extended to as low as 1.5356 level. Deeper decline to test 1.5296 key support is expected next week, a breakdown below this level will confirm that the long term uptrend from 1.4230...