EURUSDThe pair stabilized above 61.8% Fibonacci to descend from 1.3332 to 1.2585, in addition to the bullish technical pattern continuing its affect by completing its formation last week at 1.2915.
Market Review – 19/09/2010 23:00 GMTEuro falls on renewed concerns over European debt crisisThe single currency weakened against dollar on Friday on renewed market speculation that an Irish bank faced troubles on its debt and might need...
USDCAD formed a cycle top at 1.0672 level on daily chart. Further fall towards 1.0107 previous low support is still possible next week, rebound would more likely be seen before breaking below this level. Resistance is at...
Being contained by 0.9917 (2009 low) support, USDCHF rebounded from 0.9932. Key resistance is now at 1.0277, as long as this level holds, downtrend is expected to continue and another fall to test 0.9917 support is still...
USDJPY bounced strongly from 82.87 and is now facing 85.89 key resistance, a clear break above this level will suggesting that a cycle bottom has been formed on daily chart and the fall from 92.88 has completed,...
AUDUSD broke above 0.9404 (2009 high). Further rise is still possible next week and next target would be at 0.9600 area. Support is at 0.9240, as long as this level holds, uptrend from 0.8771 could be expected...
GBPUSD formed a cycle bottom at 1.5296 level on daily chart. Further rise towards 1.5997 is expected next week. However, the bounce from 1.5296 is more likely correction of downtrend from 1.5997, as long as 1.5997 key...
EURUSD formed a cycle bottom at 1.2587 level on daily chart and the bounce extended to as high as 1.3158. Further rise towards 1.3333 previous high is still possible next week. However, the bounce from 1.2587 is...
The SNB commented that the economic outlook remained uncertain.Asian and European trading session: Euro: The EUR/USD rate traded in the range of $1,2975-$1,3030.British Pound: The sterling traded in the range of $1,5580-$1,5650. The British pound was under...
Silver is trading within the main ascending channel which represents the metal’s general trend; we can see a secondary channel carrying silver towards the main target over short term basis at 21.50 since the start of this...
