Major Currencies’ Midday Report 08/ July /2010
EURUSDThe pair is trading within a narrow range since this morning with bearish bias in an attempt to touch the awaited support at 1.2610. Our morning expectations remain intact.
Author: ecPulse.com
Crude Oil Midday Report 08/ July /2010
Crude is trading within a narrow range since this morning between 74.40 and 75.00, with constant negative signs appearing through momentum indicators, as long as stability is abo ve the MA 50. Morning expectations are still intact as...
EUR GBP in Depth
The pair reached the support for the descending channel organizing the downside correctional wave which started with the brea ch of the support for the general upside trend, starting from the recorded top at 0.9148.
Major Currencies’ Morning Report 08/ July /2010
EURUSD The pair was able to achieve yesterday’s awaited ascending actions to touch the primary target around 1.2670, where it continues to move within the minor bullish channel shown in the image below.
Crude Oil Morning Report 08/ July /2010
Crude strongly pushed to the upside yesterday to retest the previously breached neckline for the bearish technical pattern at 75.15, effected by the positivity appearing on momentum indicators yesterday, in addition to breaching the bullish technical pattern’s...
Crude Oil Midday Report 07/ July /2010
Crude achieved an ascend due to the positivity on Stochastic as crude now is attempting to breach the morning mentioned resistance at 72.05. The daily four hour candlestick closing was below the mentioned level, thus chances of...
Major Currencies’ Midday Report 07/ July /2010
EURUSD The pair is approaching the awaited support around 1.2540, accompanied by Stochastic riding of negative momentum appearing on it. Therefore, morning expectations will remain intact as long as trading remains above 1.2470.
GBP JPY in Depth
The pair continues to trade within the medium term descending channel; and as provided on the daily chart above, the last attempt to the upside hit the 61.8% Fibonacci correction which turned into resistance now at 135.75.
Major Currencies’ Morning Report 07/ July /2010
EURUSDThe pair was able to surpass 1.2600 to achieve its highest level yesterday around 1.2660, but due to the negative pressure on the pair to attempt some bearish correction; therefore we can expect to build a base...
Crude Oil Morning Report 07/ July /2010
Crude inclined, touching 50% Fibonacci correctional level that has turned into resistance after it has previously been breached, but will lead to a quick descend to trade once again within the mentioned bearish channel in yesterday’s reports below 61.8% Fibonacci.