Resistance Tested
USDJPY: The JPY is clearly trending down as it makes lower highs and and lower lows (known as a Step Pattern). However, strong Resistance sits at 86.34, exactly where the JPY closed on Friday. The two long...
Tag: USDCAD
Major Currencies’ weekly Report 02/ August /2010
EURUSDThe pair succeeded in consolidating above the 61.8%correction at 1.2990 stable within the ascending channel shown below. Momentum indicators provided negative signals that might push the pair to the downside to retest this level, yet in general...
USDCAD Analysis – July 31, 2010
USDCAD is forming a triangle pattern on daily chart and is now facing the lower boundary of the pattern. A clear break below the pattern could trigger another fall to 1.0000 area. On the other side, rebound...
Resistance Keeps The Dollar from Slipping
USDCAD: There is always a period of hightened volatility when a pair trades through the moving averages as it typically triggers position realignments. When a pair remains within the major moving average’s range the volatility extends itself...
Major Currencies’ Midday Report 28/ July /2010
EURUSDThe pair continues fluctuating around the pivotal resistance of 1.2990 keeping in mind that the stochastic has started to move to the upside. No notable change it witnessed, therefore morning expectations will remain intactas long as the daily...
Major Currencies’ Morning Report 28/ July /2010
EURUSDThe pair is finding a hard time surpassing the pivotal resistance of 1.2990, fluctuating below this level and above resistance for the previously breached bullish channel. This fluctuation has helped the pair to gain bullish momentum that we...
Major Currencies’ Morning Report 27/ July /2010
EURUSDThe pair succeeded in breaching 1.2935 and headed to the upside but it is not able till now to stabilize above 61.8% Fibonacci around 1.2990. Momentum indicators are showing negative signs that might force the pair to attempt a...
Major Currencies’ Midday Report 26/ July /2010
EURUSDThe pair is fluctuating around the resistance for the bullish channel attempting to confirm its breach; however, the negativity by Stochastic is pressuring the pair to move to the downside. We hold onto our morning expectations, aswe...
Major Currencies’ weekly Report 26/ July /2010
EURUSDThe pair continues its positive bullish pressure stabilizing trading above 50% and below 61.8% Fibonacci correction, while ongoing signs of a bullish trend appear as its neckline meets with 61.8% at 1.2995 accompanied by positive signs appearing...
USDCAD Analysis – July 24, 2010
USDCAD is forming a triangle pattern on daily chart. Sideways movement in the pattern is expected next weeks. Resistance is at the upper boundary of the pattern, now at 1.0600, a clear break above this level will...