EUR JPY Depth
The pair led two attempts at breaching the critical resistance that descended currently towards 113.35 which is the key area for returning to the ascending channel previously breached.
Author: ecPulse.com
Crude Oil Morning Report 17/ June /2010
Crude pushed strongly to the upside but was not able to stabilize above 78.00 for long, where it returned to near support for the ascending channel that organizes current trading, due to the negative ongoing effect that...
Major Currencies’ Morning Report 17/ June /2010
EURUSDThe negative pressure on the pair has caused a direct negative impact on momentum indicators as the pair descends towards support for the minor upside channel, shown below in the four hour chart.
Crude Oil Midday Report 16/ June /2010
Crude is trading according to the suggested morning scenario and gradually heading to the awaited target at 75.75, where this descend is supported by the negative momentum over four-hour basis.
Major Currencies’ Midday Report 16/ June /2010
EURUSD The pair touched the mentioned retest level from this morning, where it is currently at 1.2290 as the four hour candlestick closing builds a base above it. Therefore, our morning expectations remain valid as far as...
DAX In Depth
The index managed to return to the upside wave after it settled for the 23.6% correction supported by the 50 MA as seen over weekly basis above. The index set consecutive daily closing above the support for...
Silver In Depth
Silver continues to trade steadily within the medium term ascending channel shown over daily basis below; within this channel a minor ascending channel is organizing the movement over short term basis, where silver recently reached it support...
Crude Oil Morning Report 16/ June /2010
Crude succeeded in achieving yesterday’s scenario flawlessly stopping at the main target that has signaled to the importance of observing crude at it – $77.00 per barrel -. The importance of this level is the fact that...
Major Currencies’ Morning Report 16/ June /2010
EURUSD The pair succeeded in achieving the suggested scenario yesterday flawlessly breaching the neckline at 1.2295, while the daily closing is above it although it stands as a temporary barrier for the bullish intraday channel in front...
Crude Oil Midday Report 15/ June /2010
Crude managed to breach the awaited 75.75 with four-hour closing, activating the bullish intraday scenario targeting 77.00 area. Keep in mind that scattered resistance levels are between 76.50 – 77.00 and could impede crude’s upside movement. We recommend...