Earlier on a 4-hour graph the USD/NOK formed Shooting Star candlestick that indicates the downside movement.This candlestick has developed after the pair could not break through the level of 6.2164, which means that the bulls did not...
ForexPros Daily Analysis November 30, 2010 Euro: On the daily chart, the euro is in short setups. The full half way back long at 1.3077 may serve as some support. On the 15 minute chart, the euro...
In this issue: 1. Weekly technical analysis2. First results of the “Jingle Bells” trading competition.3. Get a free ATM card when you open and fund your new trading account with us.4. Representatives Wanted!5. Economic Calendar, Pip value...
Traders moving assets to safer, lower yielding currencies appear to be playing a factor in the correction of the major crosses. The USD and JPY, which are seen as a safer bet than other currencies in times...
EURUSD The Euro continues to drop, as fear of an escalating crisis pressure the currency. Price has been moving down in a wide price channel. If price can penetrate the lower channel line, that would indicate a...
Market Review – 29/11/2010 21:25 GMT Euro tumbles to a fresh 2-month low on lingering European debt contagion fears Euro sank to a 2-month low against dollar on Monday as investors were left unimpressed with Ireland’s rescue...
AUD/USD: After an uptrend who last for 3 weeks, the pair clearly broke down the support of 0.9662 during the last session. USD/CHF: After several weeks of sideways movement without any specific trend, a new uptrend started....
On a daily chart the EUR/GBP rebounded again after it failed to test the Fibonacci correction level 61.8. The viewpoint on the currency pair remains bearish, as the downside movement is still presented.
ForexPros Daily Analysis November 29, 2010 Forex Trend Analysis The EURUSD is bearish for this week and will look to move down.
EURGBP After a steep drop against the Pound, the Euro is now attempting to put in a short-term bottom at support. Several days in a row that ended near their close, with long wicked candlesticks, suggest that...
