AUDUSD has formed a cycle bottom at 0.8771 level on daily chart. Now the bounce from 0.8771 could possibly be resumption of uptrend from 0.8066. Further rise towards 0.9849 (2008 high) would more likely be seen, however,...
GBPUSD remains in downtrend from 1.5997 and the fall extended to as low as 1.5326. Resistance is at 1.5597, as long as this level holds, downward move is expected to continue and next target would be at...
EURUSD is facing 1.2921 resistance, a break above this level will indicate that a cycle bottom has been formed at 1.2587 already, and the fall from 1.3333 has completed, then range trading between 1.2587 and 1.3333 could...
Oil extended its rise yesterday noting that trading stabilized below the subsidiary channel’s support levels that were previously breached and shifted to resistance, at 75.20. Overbought signs are appearing on the momentum indicators which adds to the...
EURUSDThe pair’s trading between the retested levels at 1.2770 and 61.8% Fibonacci levels at 1.2830 and it found difficulty in breaching due to the negative sings appearing on the four-hour chart momentum indicator.
Market Review – 02/09/2010 22:47 GMTEuro rises due to solid European bond auctions ahead of U.S. non-farm payrolls The single currency strengthened against the greenback on Thursday, as solid results from Spanish and French bond auctions boosted...
ForexPros Daily Analysis September 02, 2010 Euro Dollar For the first time in 11 days the Euro reached 1.28, penetrating the resistance in yesterday’s report 1.2792, declaring that it refuses to give up. However, the rise stopped...
After the index exited the general upside wave in a downside correctional wave, the index continues to fluctuate within the newly established upside channel retesting the breached general support above.
The markets showed just how divergent they can be on Wednesday. Wall Street finished the day with large gains, supposedly based on the positive numbers coming from the ISM Manufacturing PMI.
EURUSD: The EUR has been consolidating below the 50 day moving average, after breaking below it, 2 weeks ago. It seemed unable to sustain a close above 1.27 and it could not close above it’s 100 day...
