How Low Can They Go?
AUDUSD: This move has been drastic. Often it is recommended to put these moves into perspective by looking at the macro picture. The AUD has fallen nearly 12 big figures in two weeks and is maintaining that...
Tag: GBPUSD
Major Currencies’ Weekly Report 24-28/May/2010
EURUSD The pair continues its bullish movement according to our previous reports, where through the image above, we expect to reach resistance for the main descending channel after its ongoing strong stance for its support. In overall, we...
GBPUSD Analysis – May 22, 2010
GBPUSD has reached the lower border of the falling price channel on daily chart. Minor consolidation of downtrend from 1.5522 would more likely be seen and range trading between 1.4230 and 1.4800 is expected in a couple...
Major Currencies’ Midday Report
EURUSD The pair continued downs downside correction reaching 38.2% Fibonacci that meets with the 50 MA. The ability of this level to hold the pair to the upside will help activate the bullish scenario expected for today....
GBP/USD 1.4356 – 21 May 2010
GBP/USD Open 1.4336 High 1.4458 Low 1.4243 Close 1.4356After a slight descend at the beginning of this week, Pound/Dollar was held within a wide trading range, in converse with the negative Interbank sentiment at around -68%. The...
Major Currencies’ Morning Report
EURUSD The pair managed to breach the neckline shown in our reports yesterday at 1.2430, while pushing towards the upside to closely near the main key target at 1.2570. This confirms natural trading within the descending channel...
Major Currencies’ Midday Report
EURUSD The pivotal resistance level at 1.2430 held against the pair’s attempts to ascend and push it to the downside towards the main support, which currently descended towards 1.2270. As pointed in the morning report, we recommend observing...
GBP/USD 1.4356 – 20 May 2010
GBP/USD Open 1.4409 High 1.4465 Low 1.4242 Close 1.4446After a slight descend, Pound/Dollar followed the Euro up on Wednesday, in converse with the negative Interbank sentiment at around -68%. The Cable appreciated yesterday from 1.4242 to 1.4465,...
Major Currencies’ Morning Report
EURUSD The pair stabilized once again above support for the previously breached descending channel – currently at 1.2275 – while signs of a bullish technical pattern appear in the minor image above could cause a bullish rebound,...
Majors Currencies’ Midday Report
EURUSD The pair is trading within a relatively narrow range as head a number of attempts to touch the awaited level at 1.2255. The morning scenario remains intact unless four-hour closing is set above 1.2295.