Intra-day Chart Patterns
It is always recommended that before you enter any trade, you should pan through varying chart tenors to see if your entry is supported on multiple time frames. Even when you have no pending entry sometimes you...
Tag: USDCAD
Major Currencies’ Midday Report 13/ July /2010
EURUSDThe pair attacked the critical 1.2545 support but reversed to the upside to stabilize above it once again. Accordingly our morning scenario is activated and remains valid as far as areas of 1.2470 remain intact.
Major Currencies’ Morning Report 13/ July /2010
EURUSDThe critical support area of 1.2545 held against the pair supported by the 50 MA and positive momentum on Stochastic. Therefore, we see the likelihood for an intraday upside move targeting the channel’s resistance at 1.2750; nonetheless, we...
Major Currencies’ Midday Report 12/ July /2010
EURUSDThe pair is trading around the morning mentioned pivotal support level at 1.2565 in an attempt to build a base and start the suggested bullish wave. Our morning expectations remain intact, supported by Stochastic but keep in...
Major Currencies’ weekly Report 12/ July /2010
EUR USDThe pair neared 50% Fibonacci correction and bearishly reversed due to the effect of the negative signs appearing on momentum indicators. We can expect a base to be built on 1.2565 that represents the previously broken...
USDCAD Analysis – July 10, 2010
Being contained by 1.0678 resistance, USDCAD dropped sharply from 1.0676 level, suggesting that a cycle top has been formed on daily chart. Another fall towards 0.9930 previous low would more likely be seen in a couple of...
Major Currencies’ Midday Report 09/ July /2010
EURUSDThe pair is currently trading at the support for the rising wedge shown in our morning report, where it is presently at 1.2660; while Stochastic is gradually unloading the negative momentum. Accordingly we expect the start of...
Major Currencies’ Morning Report 09/ July /2010
EURUSDThe pair continued its upside movement to touch 1.2700 while keeping an eye on the narrow and gradual range of trading, where as we ascend it may form a bullish wedge within the current minor ascending channel...
Major Currencies’ Midday Report 08/ July /2010
EURUSDThe pair is trading within a narrow range since this morning with bearish bias in an attempt to touch the awaited support at 1.2610. Our morning expectations remain intact.
Major Currencies’ Morning Report 08/ July /2010
EURUSD The pair was able to achieve yesterday’s awaited ascending actions to touch the primary target around 1.2670, where it continues to move within the minor bullish channel shown in the image below.