A Look at European Currencies
EURGBP After a steep drop against the Pound, the Euro is now attempting to put in a short-term bottom at support. Several days in a row that ended near their close, with long wicked candlesticks, suggest that...
Tag: GBPUSD
GBPUSD Analysis – November 27, 2010
GBPUSD broke below 1.5649 key support, suggesting that the uptrend from 1.4230 has completed at 1.6298 already. Deeper decline towards 1.5296 support could be seen next week. Resistance is at 1.5850, as long as this level holds,...
Canadian Dollar Marches towards Parity
USDCAD After testing the falling trendline, prices have resumed their downward trek. Interestingly the move down today is symmetrical to the move up that took price up from 1.01 to 1.0240 (see green box), a week ago....
Forex-Metal Daily Analysis – 25/11/2010
The EUR/USD dropped to new lows. Asian and European trading sessions: Euro: The euro hit new minimums on Wednesday, as the rating agency “Standard and Poor’s” reduced the sovereign ratings of Ireland both long-term and short-term. The...
Forexpros.com Daily Analysis – 22/11/2010
ForexPros Daily Analysis November 22, 2010 Forex Analysis GBPUSD 1) Forex Trading Signal For GBPUSD Forex Trend Analysis The trend for GBPUSD this week seems to be bullish (UP)
A Mixed Outlook for the Dollar
EURUSD After a steep slide, the EURUSD starting recovering in the latter portion of last week, rising from 1.3450 to nearly 1.38. On the way down price broke through the 1.38 support level without much trouble, but...
GBPUSD Analysis – November 20, 2010
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,...
The Dollar is Back
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...
Forex-Metal Daily Analysis – 16/11/2010
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...
Forex-Metal Market review for 8 – 12. 11, 2010
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...