NZD USD in Depth
The pair rushed strongly to the upside breaching the resistance for the descending channel which constructed the downside correction over short term basis seen over daily basis above.
Author: ecPulse.com
Major Currencies’ weekly Report 21/ June /2010
EURUSDThe pair continued the bullish wave, shown in the previous weekly report nearing from resistance for the main descending channel that meets with 38.2% Fibonacci correction at 1.2565.
Crude Oil weekly Report 21/ June /2010
The price continues trading regularly within the bullish channel that will lead crude to ascend after breaching the neckline for the mentioned bullish technical pattern at 75.75.
Crude Oil Midday Report 18/ June /2010
Crude oil succeeded in breaching the mentioned pivotal support from this morning nearing halfway towards the awaited target around 74.55; whereas it is finding a hard time surpassing the most sensitive level towards the intraday s hort...
Major Currencies’ Midday Report 18/ June /2010
EURUSD The pair touched the support for the mentioned ascending channel at 1.2360, as we await a bullish rebound to the upside as our expectations remain intact unless a base is established below 1.2325.
EUR GBP Depth
The pair continues to trade structurally within the descending channel over medium term basis which started with the breach of the general bullish trend support at 0.9000; and after extending beyond the main correction level of 38.2%...
Crude Oil Morning Report 18/ June /2010
The negative pressure continued on crude due to the negative effect from momentum indicators ,causing a breach for the support of the ascending channel that has organized trading for the bullish wave from 69.50, especially after the...
Major Currencies’ Morning Report 18/ June /2010
EURUSD The pair continues its upside push within the ascending channel shown in our previous reports, due to the effect of yesterday’s breached bullish technical pattern at 1.2325. Momentum indicators are showing some negativity that may cause...
Crude Oil Midday Report 17/ June /2010
Crude managed to build a base on 76.75 and rushing to stabilize above 77.25 with four-hour closing confirming the continuation for the bullish move. Our morning expectations remain intact with the ascending support for the bullish channel towards...
Major Currencies’ Midday Report 17/ June /2010
EURUSD The pair rushed to the upside to return within the ascending channel shown above, while at the same time activating the bullish technical pattern after breaching the neckline at 1.2325. From here, we expect a bullish...