Trade Risk Management
EURUSD: We discussed the EUR on Friday and mentioned that Support and Resistance traders would be looking for an opportunity to go long if there was a bounce off Support. An entry did not materialize but if...
Month: June 2010
Dow Jones Technical Analysis -Future contracts
After the index settled below the breached support for the medium term bullishness, which stopped after the 61.8% correction for the entire downside move from 14266 till 6461 held steady, where we can see a bearish pattern...
The Euro Sees 9-Year Low Vs. The Yen
Following the U.S. Non-Farm Payrolls publication on Friday, the Dollar and the Yen resumed their bullish trend. As a result, the Euro saw a 9-year low against the Yen, as the EUR/JPY pair dropped to the 108.06...
Crude Oil weekly Report 07/6/2010
Crude managed to achieve a sharp descend last Friday as it breached the neckline for the sugg ested previous neckline at 71.60, open trading this week on a bearish price gap.
Major Currencies’ weekly Report 07/6/2010
EURUSD The pair moved to the downside,breaching the support levels for the main descending channel due to the effect of the breach of the bearish technical pattern’s neckline at 1.2140, which will cause a quick bearish trend. Some...
EUR/USD 1.1918 – 7 June 2010
EUR/USD Open 1.1886 High 1.2210 Low 1.1878 Close 1.1968On Friday Euro/Dollar traded with a slight increase at first, later in the day collapsed under 1.2 on Hungary issues and good US payrolls data.
Daily Market Outlook by AceTrader
Market Review – 04/06/2010 21:36 GMTEuro tanks below $1.2000 level on European debt fears and selloff in US stocksEuro tumbled below $1.2000 for the first time since 2006 amid fears that the European debt problems are spreading...
USDCAD Analysis – June 5, 2010
Being contained by the uptrend line from 0.9930 to 1.0110, USDCAD bounced strongly from 1.0333 level. Another rise towards 1.0852 is still possible in a couple of weeks, a break above this level will target 1.1100 area,...
USDCHF Analysis – June 5, 2010
USDCHF stays in a rising price channel on daily chart and remains in uptrend from 1.0434 and the fall from 1.1730 is more likely consolidation of uptrend. As long as 1.1400 support holds, uptrend is expected to...
USDJPY Analysis – June 5, 2010
USDJPY consolidated 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...