EURUSD remains in downtrend and the price action from 1.2144 is more likely consolidation of downtrend. Rang trading between 1.2144 and 1.2671 is expected to continue next week. Support is at 1.2144, a breakdown below this level...
Dear traders, We are watching over the upside trend development from May 26 and do not hurry to determine mid term targets for the upward movement.
The MA 100 stood as a strong barrier in front of crude’s attempts at retesting 73.55 as mentioned this morning, where it returned to attack resistance over the short term at 75.35.
EURUSD The pair rushed to retest the previously breached support level shown above in red. Momentum indicators are still showing negative signs as the pair reaches the resistance for the minor ascending channel and therefore a minor...
USDCAD:After taking out the 200 day moving average, a cross not seen in more than 1 year, the CAD held firm at major Support of 1.0850. Preceding that bounce off of 1.0850 was the beginning of a...
USD/JPY Open 90.89 High 91.41 Low 89.92 Close 91.05Dollar/Yen started a recovering process this week, with stronger upward impulse on Thursday, in converse the Interbank sentiment at around -33%. The currency couple appreciated from 89.92 to 91.08...
The minor ascending channel within the main upside channel continues to control silver’s short term trend especially after the support level held against the last downside move.
After reaching the recorded top at 570.50 the metal started a downside correction reaching 38.2% as provided on the weekly chart above. We can see that the 50 MA is supporting the metal from below, while Stochastic...
The USD weakened against the EUR and the GBP on Thursday in markets that traded with somewhat tamer results. While Wall Street actually turned in a good day of gains across the major indexes, the currencies turned...
EUR investors were given a rather peaceful day to trade on Thursday, as the single currency turned in gains against the greenback. German Prelim CPI numbers met expectations head on with a result of 0.1%, not exactly...
