Major Currencies’ Midday Report 01/ July /2010
EURUSD The pair strongly rushed to the upside attacking the retest level for the previously breached minor bullish channel at 1.2335, due to positive effect from momentum indicators.
Tag: USDJPY
USD/JPY 88.69 – 1 July 2010
USD/JPY Open 88.45 High 88.76 Low 88.09 Close 88.43 On Wednesday Dollar/Yen traded with low volatility, not matching the very negative Interbank sentiment at nearly -70%. The currency couple depreciated from 88.76 to 88.36 yesterday, closing the...
Major Currencies’ Morning Report 01/ July /2010
EURUSD SMA 50 was able to halt the pair’s upside push as bearish signs helped it through Stochastic indicator, where the pair is currently heading towards pivotal support around 1.2150; representing the suggested neckline for the bearish technical...
Major Currencies’ Midday Report 30/ June /2010
EURUSD The pair strongly rushed to the upside and is nearing the retest level for yesterday’s breached channel around 1.2315. The 50 MA is attempting to impede restrict more bullish movement, with stochastic entering overbought areas. Our...
Forexpros.com Daily Analysis – 30/06/2010
ForexPros Daily Analysis June 30, 2010 Fundamental Analysis: ISM Manufacturing Index Traders of the US anticipate the publication of the Institute of Supply Management (ISM) Manufacturing Index. It tracks the amount of manufacturing activity that occurred in...
USD/JPY 88.69 – 30 June 2010
USD/JPY Open 88.67 High 89.41 Low 88.30 Close 88.58 After quiet Monday, on Tuesday Dollar/Yen resumed descending, in line with the strong negative Interbank sentiment at around -66%. The currency couple depreciated from 89.41 to 88.30 yesterday,...
Major Currencies’ Morning Report 30/ June /2010
EURUSD The pair reached halfway towards the awaited target yesterday at 1.2070, returning to attempt a retest for the previously breached support at 1.2210. Yesterday’s closing below the mentioned levels makes us expect the bearish intraday trend to...
USD/JPY 88.81 – 29 June 2010
USD/JPY Open 89.31 High 89.46 Low 89.23 Close 89.34On Monday Dollar/Yen traded hesitantly and within a range, not matching exactly the strong negative Interbank sentiment at around -66%. The currency couple depreciated from 89.46 to 89.08 yesterday,...
Forexpros.com Daily Analysis – 29/06/2010
ForexPros Daily Analysis June 29, 2010 Fundamental Analysis: GDP European traders anticipate the publication of the Gross Domestic Product (GDP). It is the broadest measure of economic activity and is a key indicator for the economy’s health....
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...