EURUSD broke above the price channel on daily chart. Further rise to test 1.2671 key resistance is expected. A break above this level will indicate that the downtrend from 1.5144 has completed at 1.1876 already, then next...
Crude oil succeeded in breaching the mentioned pivotal support from this morning nearing halfway towards the awaited target around 74.55; whereas it is finding a hard time surpassing the most sensitive level towards the intraday s hort...
EURUSD The pair touched the support for the mentioned ascending channel at 1.2360, as we await a bullish rebound to the upside as our expectations remain intact unless a base is established below 1.2325.
The pair continues to trade structurally within the descending channel over medium term basis which started with the breach of the general bullish trend support at 0.9000; and after extending beyond the main correction level of 38.2%...
The USD continued to lose ground to the EUR and GBP on Thursday and this came as Wall Street turned in a rather mixed performance. U.S. data was poor yesterday as weekly Unemployment Claims were worse than...
Without any major economic data to speak of from Europe on Thursday the EUR managed to continue its gains against the USD. Economic sentiment from the E.U. like its major counterparts has not taken a sudden turn...
The Sterling climbed on Thursday continuing to booster its value even as economic data from the U.K. was mixed. The Retail Sales numbers showed an improvement of 0.6% yesterday beating the estimated gain of 0.1%.
The JPY gained against the USD moving to stronger parts of its range against the Greenback as risk adverse trading continued. However, the JPY’s value is consistent with its long term range versus the USD. Gold climbed...
The negative pressure continued on crude due to the negative effect from momentum indicators ,causing a breach for the support of the ascending channel that has organized trading for the bullish wave from 69.50, especially after the...
EURUSD The pair continues its upside push within the ascending channel shown in our previous reports, due to the effect of yesterday’s breached bullish technical pattern at 1.2325. Momentum indicators are showing some negativity that may cause...
