ForexPros Daily Analysis July 21, 2010 Fundamental Analysis: Initial Jobless Claims The Initial Jobless Claims is a seasonally adjusted measure of the number of people who file for unemployment benefits for the first time during the given...
The last short term upside wave which started after reaching the support for the medium term trend at 14.63 ended at the recorded top of 19.80, from where silver started a downside correction as seen on the...
GBP/USD Open 1.5284 High 1.5307 Low 1.5153 Close 1.5268 After another unsuccessful upward push up, on Tuesday Pound/Dollar corrected deeply downwards, in converse with the positive Interbank sentiment at nearly +16%. The Cable depreciated from 1.5307 to...
According to wave count this currency pair is now developing potential wave C of the intermediate uptrend. The wave will be confirmed if 0.8870 is broken to the upside
EURUSDThe pair descended sharply yesterday to retest the resistance for bullish channel previously breached and turned into support, which currently ascended towards 1.2845. Signs of a bearish pattern which is a rising wedge are seen over four-hour...
Moving averages can be used during trending and ranging time periods. If price had been moving ahead of the 50 day moving average or trading below the 200 day MA for a significant period of time and...
Crude pushed yesterday to retest support for the rising wedge previously shown, where it is currently ascending around 78.00, accompanied by momentum indicators entering overbought areas. Therefore, we hold onto yesterday’s scenario where we expect a bearish intraday...
For the moment, anyways, the EUR continues to enjoy the spotlight while the market awaits the results of the recent stress tests. Risk appetite in the market has surged from a wave of optimism.
EUR/USD Open 1.2892 High 1.3022 Low 1.2842 Close 1.2882 After partial continuation of the ascending impulse, on Tuesday Euro/Dollar sharply dropped. The European currency depreciated from 1.3022 to 1.2842 yesterday, not matching the neutral Interbank sentiment projection,...
Market Review – 20/07/2010 22:16 GMTEuro falls from a fresh two-month high on disappointing U.S. corporate earningsAlthough the single currency maintained a firm undertone in Asian morning following Monday’s strong rebound from 1.2871 to 1.2992 and price...
