AUDUSD Analysis – June 5, 2010
AUDUSD is forming a cycle top at 0.8550 level on daily chart. Key support is at 0.8066, a breakdown below this level will confirm the cycle top and indicate that the downtrend from 1.9381 has resumed, then...
Month: June 2010
GBPUSD Analysis – June 5, 2010
GBPUSD might be forming a cycle top at 1.4769 level on daily chart and the fall from 1.4769 could possibly be resumption of downtrend. Key support is now at 1.4230, a break below this level will confirm...
EURUSD Analysis – June 5, 2010
EURUSD continues its downward movement and the fall from 1.5144 extends to as low as 1.1955 level. Resistance is now at 1.2330, as long as this level holds, downtrend could be expected to continue and deeper decline...
Crude Oil Midday Report 04/6/2010
Crude rushed to the upside and neared touching the focal resistance over short and intraday basis at 75.75, and returning once again to near the retest level shown this morning at 73.85. The suggested morning scenario remains intact...
Major Currencies’ Midday Report 04/6/2010
EURUSD The pair touched the awaited level from this morning at 1.2215, where it started attacking the pivotal support at 1.2175; therefore, the suggested morning scenario will be activated since we have not witnessed a clear breach...
USD/JPY 92.69 – 4 June 2010
USD/JPY Open 92.59 High 92.88 Low 92.05 Close 92.69On Thursday Dollar/Yen continued trading upwards with weaker momentum, in converse with the Interbank sentiment at nearly -54%. The currency couple appreciated from 91.03 to 92.80 yesterday, closing the...
USD – On The Fence And Waiting
The USD powered higher against the EUR and GBP on Thursday. Continuing its strong trend, the USD moved to four year high water marks against the EUR. Even as data from the U.S. yesterday proved rather lackluster,...
EUR – A Final Test Before The Weekend
The EUR struggled to the weakest part of it range against the USD as the Single Currency was once again hit by negative news and poor data from Europe. The broad Retails Sales for the continent turned...
GBP – Halifax Data Today & Other Shadows
Consolidation greeted the Sterling on Thursday as it finished the day largely where it started as investors showed that they are quite tentative going into today’s jobless report from the States. The U.K. published the Services PMI...
JPY – Safe Haven Pair Proving Cautious
The JPY finds itself at the weaker part of its strong range against the USD. The Yen did manage to range trade yesterday after two losing sessions and investors will go into today’s trading session looking at...