EURUSDThe pair is trading within a narrow sideway range since this morning while negative momentum is still appearing on the four-hour chart below. There is no mentionable change and therefore morning expectations will remain intact if we do...
ForexPros Daily Analysis July 14, 2010 Fundamental Analysis: Initial Jobless Claims Initial Jobless Claims is a seasonally adjusted measure of the number of people who file for unemployment benefits for the first time during the given week....
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...
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.
USD/JPY Open 88.64 High 89.13 Low 88.37 Close 88.61 After climbing in the morning, on Monday Dollar/Yen decreased, loosing the earlier gains, not matching the positive Interbank sentiment at around +14%. The currency couple depreciated from 89.13...
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...
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...
USD/JPY Open 88.65 High 89.13 Low 88.37 Close 88.56 On Friday Dollar/Yen continued increasing slightly, matching the positive Interbank sentiment at nearly +20%. The currency couple rose from 88.37 to 88.74 on Friday, closing the week at...
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...
USDJPY is forming a cycle bottom at 86.96 level on daily chart. Bounce to 90.00 area would more likely be seen next week. Support is at 86.96, only fall below this level could indicate that the downtrend...
