GBPUSD formed a cycle top at 1.6105 level on daily chart. Pullback to 1.5400 is expected in a couple of weeks. However, the price action from 1.5997 is more likely consolidation of uptrend from 1.4230, as long...
EURUSD has formed a cycle top at 1.4152 level on daily chart. The fall from 1.4152 is treated as consolidation of uptrend from 1.1876. Range trading between 1.3400 and 1.4152 would more likely be seen in a...
This currency pair is moving within the flat limited by 0.9662 and 0.9889. The breakout of the flat will show the direction of the med term trend. According to wave count the long term wave 0.8772-1.0002 is...
USD/CHF:3 sessions ago, the trend changed its orientation from down to uptrend. During the third day of the increase, the pair crossed a resistance at 0.9734.USD/JPY:For the last 7 sessions, there is a clear navigation between 80.89...
With speculations about further quantitative easing and possible currency agreements dominating this week’s trading, the meeting of G20 central bankers is going to continue to be the focus coming to next week and will likely provide a...
Market Review – 21/10/2010 23:03 GMTDollar rises broadly on profit-taking before G-20 meetingThe U.S. dollar rose across the board on Thursday as investors became cautious ahead of the Group of 20 meeting in South Korea this weekend.
ForexPros Daily News October 21, 2010 Forex – EUR/USD edges higher after Geithner remarks Forex Pros – The euro edged higher against the U.S. dollar on Thursday, erasing early losses, following remarks by U.S. Treasury Secretary Timothy...
GBP/USD: 3 sessions after a vain breach due to reversal candle on a daily graph, the pair started to decrease very sharply and intensively. Until now, a technical correction of exactly… USD/CAD: The bullish power is strengthened...
The Beige book report showed moderate US economy growth. Asian and European trading sessions: Euro: On Wednesday the EUR/USD rate grew and reached the $1,3856 level. US Dollar: The expectations for the release of the Beige book...
Hello everyone. Let’s take a look at a downward trending market – the GBP/JPY hourly chart.
