Crude succeeded in breaching the pivotal support mentioned this morning at 71.10, while the last four hour candlestick closing was below it; therefore, the bearish technical pattern was activated. This makes us maintain our morning expe ctations as...
EURUSD The pair is close to touching the awaited level where it has currently descended to 1.2005; a minor bearish technical pattern has formed at 1.1910 and we expect it to effect trading today. Our expectations for...
ForexPros Daily Analysis June 8, 2010 Fundamental Analysis: Fed Chairman Bernanke Speaks Traders of the US look forward to the Fed Chairman Bernanke Speech tomorrow June 9. The Fed Governor Ben Shalom Bernanke was born in 1953....
USD/JPY Open 91.50 High 92.08 Low 91.02 Close 91.36On Monday Dollar/Yen made a sharp decline, in line with the Interbank sentiment at around -58%, after which the losses were recovered. The currency couple depreciated down to 91.02...
The USD made a strong start on Monday and then allowed the EUR and GBP to bounce back from their lows. Powering to new highs the USD started to find some resistance as the day developed and...
The EUR traded to new lows early on Monday but was able to bounce back and push itself at least into stronger parts of its intraday ranges. The EUR found some stability as Hungarian officials stepped forward...
The Sterling started off Monday on a weaker foot but it did find some balance and managed to climb from its lower depths. The EUR centric storm clouds persist for the GBP, but there is also U.K....
The JPY and USD traded in a consolidated motion as some of the risk adverse fervor lessened and the Asian bourses actually turned in slight gains on their own going into the European trading session on Tuesday....
The pair continues trading alongside our previously provided analysis on May 17 and May 31. The pair managed to retest the breached support which meets the neckline for the bearish pattern shown below.
Crude continues fluctuating around the retest level shown yesterday 71.60 but it was not able to stabilize above it; thereby maintaining the suggested scenario yesterday intact.
