EURUSDThe EUR/USD pair ascended since this morning, despite the clear overbought signs from the momentum indicators. We are waiting for the pair to touch the 1.2990 levels before completing its intraday bullish direction, where stability above those...
ForexPros Daily Analysis August 02, 2010 Fundamental Analysis: Interest Rate Decision The Reserve Bank of Australia (RBA) decision on short term interest rate.The decision on where to set interest rates depends mostly on growth outlookand inflation. The...
The JPY continues to trade near the highest realms of its value against the USD as Asian bourses, particularly the Nikkei recently, have taken a cautious approach. The JPY serves as a good reminder that even as...
The metal succeeded in breaching the support line of the bullish wave as we mentioned in previous reports, influenced by the bearish pattern appearing on the provided chart. We know that, the suggested neckline was breached at...
Riskier currencies like the EUR and U.K. pound made significant gains against both the Yen and U.S. Dollar in overnight trading, as the markets prepare for a heavy trading week. Traders will want to pay attention to...
USDJPY: The JPY is clearly trending down as it makes lower highs and and lower lows (known as a Step Pattern). However, strong Resistance sits at 86.34, exactly where the JPY closed on Friday. The two long...
Crude rushed to the upside to retest the support for the rising wedge previously breached, which clearly turned into resistance at 79.35; this level held against crude supported by overbought signals. Therefore, we expect a downside move...
EURUSDThe pair succeeded in consolidating above the 61.8%correction at 1.2990 stable within the ascending channel shown below. Momentum indicators provided negative signals that might push the pair to the downside to retest this level, yet in general...
Market Review – 30/07/2010 22:11 GMTDollar falls to a fresh eight-month low against yen on concerns over U.S. economic growthThe greenback remained under heavy selling pressure versus the Japanese yen in Asian morning after Thursday’s cross-inspired selloff...
Although often overlooked by some traders, forex trading risk management is extremely important if you want to be a successful trader. Why? Well, as you may know, as the forex market is quite volatile – and there...
