The greenback was under serious pressure during the whole week and the EUR/USD pair has reached new maximums. On Monday the euro continued to trade around its 8-months maximums against the greenback. According to the experts’ opinion,...
USD/CAD: An important support at 1.0163 was crossed downward a few days ago. We can identify a small breach of the support during last session but it was only a test. AUD/CAD: The pair crossed a very...
EURJPY The beginning of a downtrend appears to be forming in the EURJPY, with the first confirmation of lower highs and lower lows. Prices bounced off the 200 EMA on the 4 hour chart, but are unlikely...
With a week relatively light on US data, investor eyes will be squarely zeroed in on Federal Reserve speakers. The Fed could offer clues about a possible plan to stimulate the US economy through a fresh round...
Market Review – 18/10/2010 23:01 GMTDollar strengthens against euro after Geithner’s comments The greenback rose against euro in late NY trading session on Monday, as U.S. Treasury Secretary Timothy Geithner said U.S. would not engage in devaluing...
Market Review – 15/10/2010 20:57 GMTEuro tumbles from a near 9-month high against dollar on heavy profit-takingThe single currency tumbled from a near 9-month high against dollar on Friday due to heavy profit-taking as technical indicators signalled...
NZD/USD: The pair reached an important resistance of 0.7642 after several weeks of a clear uptrend.GBP/USD: A second test of the resistance level of 1.6001 happened during the last trading session. This second test confirmed the strength...
EUR/USD Daily graph:
USDCAD’s downward move from 1.0672 extended to as low as 0.9979 level. Deeper decline towards 0.9930 previous low is still possible next week. Resistance is at 1.0235, as long as this level holds, downtrend will continue.
USDCHF’s bearish movement extended to as low as 0.9463 level. Deeper decline is still possible next week and next target would be at 0.9200-0.9300 area. Resistance is at 0.9727, only break above this level could indicate that...
