GBPUSD Analysis – July 3, 2010

by ForexCycle.com | July 3, 2010 12:16 am
GBPUSD continues its upward movement from 1.4290 and the rise extends to as high as 1.5228 level. Further rally is still possible next week. Targets are at the upper boundary of the falling price channel and 1.5522...

Major Currencies’ Midday Report 01/ July /2010

by ecPulse.com | July 1, 2010 11:56 am
EURUSD The pair strongly rushed to the upside attacking the retest level for the previously breached minor bullish channel at 1.2335, due to positive effect from momentum indicators.

GBP/USD 1.4914 – 1 July 2010

by iFOREX.bg | July 1, 2010 7:57 am
GBP/USD Open 1.4943 High 1.5073 Low 1.5018 Close 1.4940 On Wednesday Pound/Dollar decreasing resumed, not exactly matching the weak negative Interbank sentiment at only around -1%. The Cable depreciated from 1.5073 to 1.4933 yesterday, closing the day...

Major Currencies’ Morning Report 01/ July /2010

by ecPulse.com | July 1, 2010 6:25 am
EURUSD SMA 50 was able to halt the pair’s upside push as bearish signs helped it through Stochastic indicator, where the pair is currently heading towards pivotal support around 1.2150; representing the suggested neckline for the bearish technical...

Major Currencies’ Midday Report 30/ June /2010

by ecPulse.com | June 30, 2010 12:13 pm
EURUSD The pair strongly rushed to the upside and is nearing the retest level for yesterday’s breached channel around 1.2315. The 50 MA is attempting to impede restrict more bullish movement, with stochastic entering overbought areas. Our...

GBP/USD 1.5059 – 30 June 2010

by iFOREX.bg | June 30, 2010 7:54 am
GBP/USD Open 1.5052 High 1.5120 Low 1.5018 Close 1.5060On Tuesday Pound/Dollar continued trading hesitantly and within a narrow range, in line with negative Interbank sentiment at only around -13%. The Cable depreciated from 1.5120 to 1.5018 yesterday,...

Price Action of FX Majors

by bforex.com | June 30, 2010 7:41 am
EUR/USD On the Daily Chart, we seem to have run out of steam on the upward climb from June 6th thru June 20th. As we corrected down from the June 20th HI at 1.2470, price has now...

Major Currencies’ Morning Report 30/ June /2010

by ecPulse.com | June 30, 2010 6:54 am
EURUSD The pair reached halfway towards the awaited target yesterday at 1.2070, returning to attempt a retest for the previously breached support at 1.2210. Yesterday’s closing below the mentioned levels makes us expect the bearish intraday trend to...

GBP/USD 1.5088 – 29 June 2010

by iFOREX.bg | June 29, 2010 8:00 am
GBP/USD Open 1.5093 High 1.5129 Low 1.5022 Close 1.5103 After the partial recovery last week, on Monday Pound/Dollar continued rising, in converse with negative Interbank sentiment at around -13%. The Cable climbed from 1.5022 to 1.5129 yesterday,...

Major Currencies’ Morning Report 29/ June /2010

by ecPulse.com | June 29, 2010 6:37 am
EURUSD The pair managed to breach support for the minor bullish channel due to the negative effect from momentum indicators on the four-hour chart. Meanwhile, trading is below SMA 50 is adding more pressure on the pair, which...