The candlestick analysis of EUR/JPY for 04/06/2010
In 4-hour chart of the EUR/JPY, the combination of candles “Falling Three Methods” is forming. As it is known, this pattern is the signal for a fall and EUR/JPY forms it after the failed try
Month: June 2010
GBPUSD in depth
On the daily chart above, the pair is trading within a bearish channel over medium term basis, and after recently touching the channel’s support at the recorded low of 1.4230, the pair rushed to the upside though...
GBP/USD 1.4616 – 4 June 2010
GBP/USD Open 1.4629 High 1.4738 Low 1.4587 Close 1.4606On Thursday Pound/Dollar repeated Wednesday’s hesitant climbing and dropping, in line with negative Interbank sentiment at around -31%. The Cable appreciated to 1.4738, from where it descended down to...
Crude Oil Morning Report 04/6/2010
Crude fell sharply yesterday but returned to compensate for the losses through pushing upwards in a volatile manner and stabilizing above pivotal support currently ascending to 73.85. The base built above the MA 100 is an additional...
Major Currencies’ Morning Report 04/6/2010
EURUSD The 50 MA stood as a strong barrier in front of the pair’s attempts to ascend so it may sharply drop towards the pivotal 1.2175. Trading is within the bearish technical pattern, which makes us expect a...
Non-Farm Payrolls Could Further USD Bullishness
Ahead of the US Non-Farm Payroll data, expected at 12:30 GMT today, the Dollar seems to be trading on the upside. The forecast has put American employment into a healthy increase for the previous month, with a...
EUR/USD 1.2174 – 4 June 2010
UR/USD Open 1.2170 High 1.2319 Low 1.2152 Close 1.2160On Thursday Euro/Dollar traded with a slight increase at first, later in the day recorded significant decrease, but not below week’s low. Euro/Dollar depreciated from 1.2319 to 1.2152 yesterday,...
Daily Market Outlook by AceTrader
Market Review – 03/06/2010 21:45 GMTDollar firms ahead of key U.S. payroll dataThe U.S. dollar rose across the board on Thursday as investors made bullish bets for a strong reading of the key U.S. payrolls data due...
Crude Oil Midday Report 03/6/2010
The mixed signals pointed in our morning report are starting to affect crude, where it managed to breach the awaited resistance level at 73.75; but due to the 100 MA and the negative cross over on Stochastic...
Major Currencies’ Midday Report 03/6/2010
EURUSD The pair set a four-hour closing above the awaited morning resistance at 1.2290; therefore activating the suggested morning scenario, although the affect of the 50 MA and Stochastic’s negativit y has pushed the pair to move...