EURUSDThe pair was able to complete forming the expected bearish technical pattern in our last reports, achieving the daily and weekly closing below the breached neckline at 1.2730; therefore, making us to expect a bearish direction for this...
EURUSD: After falling through 1.29 six days ago the EUR has failed to generate a close back above that level after several attempts. The EUR has found short term Support at the 100 day moving average as...
After four days in which the euro and British pound had dominated the market, the trend markedly reversed by last Thursday. Several negative economic reports from the U.S. have added to concerns regarding the global economic recovery,...
Market Review – 20/08/2010 21:45 GMTEuro tumbles to a 5-week low on ECB Weber’s dovish comments The single currency sank to a 5-week low against dollar on Friday after ECB Governing Council member Axel Weber, who is...
USDCAD continues its upward movement and the rise from 1.0107 extends to as high as 1.0513. Further rise is still possible next week and next target would be at 1.0676 resistance. Support is now at the uptrend...
USDCHF broke below 1.0331 support and the fall from 1.1730 extends to as low as 1.0257. As long as 1.0675 key resistance holds, further decline is still possible and next target would be at 1.0200 area, only...
USDJPY may be forming a cycle bottom at 84.72 level on daily chart. Key resistance is at the falling trend line, a clear break above the trend line resistance could confirm the cycle bottom, then the following...
AUDUSD remains in uptrend from 0.8066 and the fall from 0.9221 is more likely consolidation of uptrend. Deeper decline to 0.8700 area to reach next cycle bottom on daily chart is expected next week. Key resistance is...
GBPUSD broke below the uptrend line on daily chart, suggesting that lengthier consolidation of uptrend from 1.4230 is underway. Deeper decline is still possible next week and target would be at 1.5300-1.5400 area. Resistance is at 1.5715,...
EURUSD broke below 1.2732 support level and the fall from 1.3333 extended to as low as 1.2663. Deeper decline is still possible and the target for next week would be at 1.2500 area. Resistance is at 1.2930,...
