Crude ascended once again towards the resistance for the bullish channel that currently moved to the upside towards 82.10, alongside momentum indicators’ ongoing overbought signs. Thus, chances of resuming the bearish reversal and suggested retest mentioned this...
ForexPros Daily Analysis August 03, 2010 Fundamental Analysis: Unemployment Rate The Unemployment Rate is a measure of the percentage of the total laborforce that is unemployed but actively seeking employment and willing to workin New-Zealand.
The pair breached the resistance for the sideways wave around 135.75 which we mentioned in our Market Pulse report on July 20. The pair is now heading towards the main resistance for the downside wave at 139.15...
Yesterday’s trading was characterized with high optimism regarding global recovery. This optimism has boosted the European currencies, such as the euro and the pound, and weakened the relatively safer currencies – the US dollar and Japanese yen.
GBPUSD: The GBP surge, since bottoming at 1.43 in mid May has been impressive to say the least. We have commented before that price action on the GBPUSD is fairly quick between a 1.50 and 1.60 handle.
Crude yesterday strongly pushed to the upside due to the effect of the bullish pattern at 79.35, where it touched resistance for the bullish short term channel that is currently around 82.00. Momentum indicators are giving off...
EURUSDThe pair extended its rise within the short-term ascending channel while finding difficulties in surpassing 1.3190 levels affected by the negative sings from the momentum indicator, slight downside correction might take the pair to 1.3105 before rising...
Market Review – 02/08/2010 23:23 GMTEuro surges to a 3-month high as firmness in U.S. stocks boosts risk appetiteEuro surged to a 3-month high of 1.3196 on Monday due to dollar’s broad-based weakness and the firmness in...
Support levels: 1.0251, 1.0141, 1.0013.Resistance levels: 1.0390, 1.0500, 1.0550.USD/CAD is demonstrating a downward tendency. At the moment, the view of the pair is neutral as long as the support level of 1.0251 is not broken.
Affected by the bullish pattern that is appearing on the below chart, oil inclined once more and succeeded in entering the previously broken bullish channel. Momentum indicators still show negative signs and thus; the suggested bearish scenario is...
