GBPUSD has formed a cycle bottom at 1.5484 level on daily chart. However, the bounce from 1.5484 is treated as consolidation of downtrend from 1.6298, another fall to test 1.5296 key support is still possible after consolidation....
As Thursday elapsed, we experienced rather busy but tranquil day for British economy. Main data releases turned out to be virtually equal with forecasted values, which accounts for calm price reaction on them.
Tax benefits program supports the greenback. Asian and European trading sessions: Euro: The EUR/USD pair decreased to the level of $1,3190 during the morning trading. The euro drop was limited, since the Ireland budget has been accepted...
Moving averages are extremely helpful tools in determining trend direction and intensity, but the longer averages significantly lag the market when a turn comes. Evaluating shorter term moving averages can be more useful in these situations.
EURUSD The Euro has now pulled back to the 100 period EMA, and is stalled in the key resistance area between 1.33 amd 1.3450 (first established back in September). The 50 EMA remains below the 100 EMA,...
High-risk currencies start the week with a negative trend. Asian and European trading sessions: Euro: On Monday the euro dropped against all counterparts. Market tension over the today’s EC meeting in Brussels pressured the euro. The Financial...
The previous week was marked by the greenback new 2-months maximum. And the week has already started with sharp drop of the euro. According to the released information, European officials offered Ireland an 85 billion euro bailout. The concerns...
GBPUSD remains in downtrend from 1.6298, the bounce from 1.5484 is treated as consolidation of downtrend. Resistance is at 1.5900, as long as this level holds, downtrend could be expected to continue. However, a break above 1.5900...
Fears for the spreading of the European crises are growing. Asian and European trading sessions: Euro: Today the euro was mainly pressured by the increased concerns that the Ireland crises would spread on the other countries, such...
In this issue: 1. Weekly technical analysis2. First results of the “Jingle Bells” trading competition.3. Get a free ATM card when you open and fund your new trading account with us.4. Representatives Wanted!5. Economic Calendar, Pip value...
