GBPUSD: The Pound has begun to consolidate at 1.44. Notice the last several down candles have all had long lower wicks. The implication is that Sellers are forcing price down but there are enough buyers in the...
Crude Oil Crude succeeded in achieving yesterday’s suggested scenario breaching the neckline at 70.95 and continued to steadily trade within the current ascending channel shown above…..
EURUSD The pair succeeded in achieving the suggested scenario yesterday flawlessly, but main support had descended to 1.2150 maintaining a strong stance in front of achieving more downside movement. Currently accompanying it would be positive signs appearing on Stochastic that...
Renewed debt concerns among the Euro-zone countries sent the single currency spiraling down yet again in overnight trading. EUR/USD dropped well below the 1.2200 level, approaching a 4-year low. Today, traders can expect a number of U.S....
EUR/USD Open 1.2171 High 1.2340 Low 1.2153 Close 1.2181After a partial correction, the Euro continued weakening on Wednesday, as expected. Euro/Dollar depreciated from 1.2340 to 1.2153 yesterday, in line with the Interbank sentiment projection, at around -10%,...
Market Review – 26/05/2010 21:20 GMTEuro weakens on European debt woes and China repositioning fearsThe euro declined across the board for 3 consecutive days on persistent European debt woes while a surprisingly poor demand for German bonds...
EURUSD The pair attempted to breach the awaited support level at 1.2290, where it continues to fluctuate around it. Stochastic provided a negative crossover and accordingly our morning expectations remain intact unless the pair stabilizes above 1.2390...
Crude breached 70.10 and confirmed it with four-hour closing, signaling the start of a possible bullish correction over intraday basis. Trading has stabilized within the minor ascending channel, in addition to signs of a bullish technical pattern...
After recording a new historic high at 1249.00, gold indulged in a downside correction for the last upside wave which started from 1044.00 to the mentioned record.
USD/JPY Open 90.33 High 90.47 Low 89.31 Close 90.22Dollar/Yen traded with a decline at first on Tuesday, in line the Interbank sentiment at around -30%, than recorded recovery. The currency couple depreciated down to 89.31, than rose...
