Market Review – 01/12/2010 21:41 GMT Euro rises on speculation of ECB’s extra bond purchase Euro rebounded from an intra-day low of 1.2970 in Asia on Wednesday after early selloff in the previous session as traders reduced...
Fears for the spreading of the European crises are growing. Asian and European trading sessions: Euro: Today the euro was mainly pressured by the increased concerns that the Ireland crises would spread on the other countries, such...
According to wave count on larger timeframes AUD/USD is moving within wave C of daily degree (colored royal blue in the chart). Within this wave there’s a set of 5 waves of smaller degree – colored red...
AUDUSD Although the Australian dollar has slipped 5% off of its highs, the chart indicates that a bounce may be on the way. Prices have been falling in an ever narrower range, forming a falling wedge. This...
ForexPros Daily Analysis December 01, 2010 Euro: On daily, has continued to break lows on over extended moves. Next major support areas are previous highs at 1.2916 and lows at 1.2588.
USD/JPY: The pair stopped a 4 weeks uptrend after it reached, but did not cross, a resistance zone around 84.42. NZD/USD: The pair stopped a 3 weeks bearish trend after it reached, on the last session, the...
The euro continued to weaken on all fronts during yesterday’s trading session amid concerns that Portugal and even Spain will eventually seek financial rescue as well. This has also boosted risk-aversion, and supported demand for safe-haven assets...
Hello. Let’s pull up the USD/CAD hourly chart. It seems we may be in a Zig Zag (ZZ) corrective movement up and just starting Wave 3. If you remember, we suggest trading Wave 3’s of an Impulse...
Market Review – 30/11/2010 22:12 GMT Euro falls to 10-week low against dollar on Irish contagion fears and China’s tightening The single currency remained under pressure throughout Tuesday. Although euro staged a brief recovery to 1.3151 in...
Earlier on a 4-hour graph the USD/NOK formed Shooting Star candlestick that indicates the downside movement.This candlestick has developed after the pair could not break through the level of 6.2164, which means that the bulls did not...
