Crude is trading naturally within the ascending channel that organizes the current bullish short term wave’s trading shown above, where it neared achieve a flawless bullish technical pattern as its neckline is at 75.35, mentioned in the...
EURUSD The support levels for the main descending channel has shown a strong stance in front of the third attempt to breach it last week, where the pair moved to the upside due to positive signs appearing...
Because of the holidays both in the U.S. and the U.K. today, traders should expect much lower volume than normal. The markets will stand mostly in place with brief moments of sudden volatility if a large speculator...
EUR/USD Open 1.2276 High 1.2434 Low 1.2153 Close 1.2268After partial recovery on Friday, Euro/Dollar lost its daily gains. Euro/Dollar appreciated from 1.2290 to 1.2434 on Friday, in converse with the Interbank sentiment projection, at around -11%, than...
Market Review – 28/05/2010 18:18GMTEuro weakens after Fitch downgrades Spain’s sovereign debt ratingThe single currency declined broadly on Friday after Fitch Ratings downgraded Spain’s credit rating from AAA to AA+, fueling worries that the European sovereign-debt crisis...
USDCAD dropped sharply from 1.0852, suggesting that a cycle top is being formed on daily chart. Deeper decline toward the rising trend line from 0.9930 to 1.0110 is expected next week. A clear break below the trend...
USDCHF remains in uptrend from 1.0434 and the fall from 1.1695 is treated as consolidation of uptrend. Support is now at 1.1400, as long as this level holds, we’d expect uptrend to resume and another rise to...
USDJPY traded in a range between 88.14 and 94.98 for several months. Another rise towards 94.98 would more likely be seen in a couple of weeks, a break above this level will indicate that the uptrend from...
AUDUSD remains in downtrend from 0.9381 and the bounce from 0.8071 is more likely correction of downtrend. Another fall is still possible after correction. A breakdown below 0.8071 could indicate that the downtrend has resumed, then next...
Being supported by the lower border of the falling price channel on daily chart, GBPUSD bounced from 1.4230 level. Range trading between 1.4230 and 1.4800 is expected in a couple of weeks. However, the bounce is more...
