ForexPros Daily Analysis September 20, 2010 Euro Dollar Although the Euro penetrated 1.3047 on Thursday, and jumped strongly, reaching the first suggested target 1.3145, it stopped there, and dropped from Friday high which was 1.3157, sharply. The...
After recording the bottom at 3.680, gas head to the upside within an ascending correctional channel for the decline that started from 4.993, and over daily basis we can see that a bullish formation has been completed...
The pair breached the recorded top on November 16, 2009 at 0.9405 which indicates that the downside correction triggered from the aforesaid top has settled for 38.2% Fibonacci as shown on the secondary image above.
A very fascinating event took place last week as the Japanese leadership decided to intervene in the national currency’s trading. As planned, the Japanese yen fell against all the major currencies. At the moment, Japan is promising...
The closing last week stabilized below support for the bullish channel shown in the image above, where it currently turns into resistance at 74.05 as it trades below the MA 50. We expect a bearish direction this week...
EURUSDThe pair stabilized above 61.8% Fibonacci to descend from 1.3332 to 1.2585, in addition to the bullish technical pattern continuing its affect by completing its formation last week at 1.2915.
Market Review – 19/09/2010 23:00 GMTEuro falls on renewed concerns over European debt crisisThe single currency weakened against dollar on Friday on renewed market speculation that an Irish bank faced troubles on its debt and might need...
The SNB commented that the economic outlook remained uncertain.Asian and European trading session: Euro: The EUR/USD rate traded in the range of $1,2975-$1,3030.British Pound: The sterling traded in the range of $1,5580-$1,5650. The British pound was under...
Silver is trading within the main ascending channel which represents the metal’s general trend; we can see a secondary channel carrying silver towards the main target over short term basis at 21.50 since the start of this...
EURUSDThe pair stabilized above 1.3045 and thereby insuring yesterday’s suggested bullish trend’s continuation. Some negativity is appearing through momentum indicators which could cause some fluctuation and retest of the mentioned level before continuing the expected bullish trend today,...
