Commodity Currencies
The commodity currencies are trading a volatile range as Oil prices continue to spike in both directions. Therefore, we need to use the major MA’s as a guide more than a specific point of entry.
Tag: USDCAD
Major Currencies’ Morning Report 29/ June /2010
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...
Major Currencies’ Midday Report 28/ June /2010
EURUSD The pair is moving within a narrow range since this morning within the minor ascending channel that is on its way in forming the right shoulder for the suggested bullish technical pattern in our weekly report...
Is The Dollar Rally Over?
GBPUSD: In several of our segments last week we discussed the GBP’s potential for breaking north of trend line Resistance. Last week we witnessed that very occurrence as the GBP took out the 50 day MA and...
Major Currencies’ weekly Report 28/ June /2010
EURUSD The pair continues to trade within the main bearish channel nearing resistance is currently around 1.2470. This level is vital since its neckline for the bullish technical pattern is close to being completed.
USDCAD Analysis – June 26, 2010
USDCAD has reached the falling trend line from 1.0852 to 1.0678. A clear break above the trend line resistance will indicate that the fall from 1.0852 has completed at 1.0138 already, then further rally could be seen...
Major Currencies’ Midday Report 25/ June /2010
EURUSD The negative pressure has returned on the pair once again within yesterday’s broken descending channel, as it neared pivotal support 1.2240. Stochastic is still showing positive signs that will maintain chances of achieving morning expectations, if we...
Major Currencies’ Morning Report 25/ June /2010
EURUSDThe pair inclined sharply, breaching the pivotal resistance of 1.2330 but couldn’t stabilize above it fro long time. The resistance line of the major descending channel is currently valued at 1.2435 represent the technical objective of the...
Major Currencies’ Midday Report 24/ June /2010
EURUSD The pair has been moving to the downside since this morning due to the effect of the strength from the pivotal resistance at 1.2330 that is currently forming resistance for the bearish channel that seems to...
Major Currencies’ Morning Report 24/ June /2010
EURUSD The pair has attempted to breach pivotal support 1.2240, but was not able to build a base below it to push to the upside to achieve yesterday’s awaited targets flawlessly, as it currently stabilizes at the...