Being supported by the rising trend line from 1.5296 to 1.5649, GBPUSD rebounded from 1.5839. Now the bounce from 1.5839 is likely resumption of uptrend from 1.5296. Further rise towards 1.6298 previous high is expected next week,...
Gold Gold penetrated the rising trendline which had been in place since September, signaling a potential trend change. The strong momentum on the way down suggests that selling is likely to continue. Yesterday’s steep decline puts it...
The greenback reaches maximums against the euro and the yen. Asian and European trading sessions: Euro: The concerns over the possibility that Ireland would ask the European community for immediate financial help, continued to pressure the euro...
During the whole previous week the greenback showed considerable consolidation against the background of the weakening euro. For example, on Monday concerns over the budget deficit of Ireland pressured the euro. The additional negative influence came from...
GBPUSD stays above a rising trend line on daily chart and remains in uptrend from 1.5296. As long as the trend line support (now at 1.58355) holds, uptrend is expected to continue after consolidation and next target...
European counties’ budget problems pressure the euro. Asian and European trading sessions Euro: Growing concerns over the European budget problems continued to pressure the euro. The EUR/USD pair decreased to $1,3850 mark. The rate managed to show...
Most of the previous week saw the high-risk assets’ growth and the greenback was demonstrating a decreasing dynamics. On Monday the EUR/USD rate showed maximums around the $1.4010 mark, and fell to $1.3950.
ForexPros Daily Analysis November 08, 2010 Forex Analysis For EUR/USD, GBPUSD and GBP/JPY 1) Forex Trading Signal For GBPJPY Forex Trend Analysis The overall trend for this pair is DOWN for the week.
GBPUSD continues its upward movement from 1.4230 and the rise extended to as high as 1.6298 level. Further rise is still in favor next week and next target would be at 1.6400-1.6500. Support is at 1.6050, as...
The next FOMC quantitative easing measures are driving the markets. Asian and European trading sessions: Euro: On Monday the EUR/USD rate showed maximums around the $1.4010 mark, and decreased to $1.3950.
