Key Levels of Support & ResistanceEUR, GBP, & AUD As the market continues its sideways movement it is a good idea to keep cognizant of important key levels of S&R as well as the 50 SMA and...
GBP/USD Open 1.6584 High 1.6727 Low 1.6498 Close 1.6583On Tuesday the RSI and and MACD gave valid bearish outlook for the Pound/Dollar, which was limited by the 1.6498 support, from where the Cable started recovering, closing the...
Dollar remained mainly within range against the EUR Tuesday, however, Dollar sentiment dampened after statements from the Federal Reserve saying they believe the economy is going to recover at a slow pace and that unemployment will remain...
USD The US Dollar rose against most of the higher-yielding currencies, but fell to 2 month lows against the Japanese Yen after economic growth and consumer confidence data suggested a US recovery could be slower and less...
Technical Analysis – 25 November 2009EUR/USD 1.4982 – 25 November 2009EUR/USD Open 1.4968 High 1.4998 Low 1.4890 Close 1.4966On Tuesday Euro/Dollar rejected another coherent movement under the important 1.4890 support. This fact certainly confirms the intact of...
Forexpros Daily Analysis Nov 24, 2009 — Fundamental Insight The US Census Bureau will release the Monthly New Home Sales Report tomorrow (Nov 25th). The report helps analyze the strength of the US housing market, and the...
USD/JPY Open 88.92 High 89.18 Low 88.57 Close 88.95Dollar/Yen has been moving within the 88.57 – 89.18 range on Monday and today, indicating consolidation. The pair dropped on Monday first to the 89.57 bottom, from where rose...
Positive economic data released today pushed Global Equity Markets higher once again. In Canada, a better than expected print on Retails Sales moved the CAD higher as well as month over month figures that published at 1%. ...
AUD, NZD, CADCommodity Linked Currencies: Most majors have been range bound for the last month and some even longer then that. If you play support and resistance then your entries points are relatively defined. However, what do...
GBP/USD Open 1.6605 High 1.6643 Low 1.6479 Close 1.6604Pound/Dollar climbed first on Monday, from the 1.6473 bottom to the 1.6644 top, as expected, closing the day at 1.6604. However, further rising was limited at the above peak...
