After a week of volatile trading across the broad market place, the currencies could be facing another rather tenuous few days. Today there will be very little economic data released globally, which will leave the Irish aid...
EUR/CAD: About 3 weeks ago, an important decrease process started for the pair. About a week and a half, a very important breakdown of the support level of 1.3946 changed that support into a resistance.
Ireland appears closer to an acceptable agreement regarding an EU/IMF jointly sponsored bailout package to assist its financial bodies with debt. Concern over a debt contagion spreading to the other peripheral economies of Spain, Portugal, and Greece,...
Market Review – 19/11/2010 21:06 GMT Euro pares its gains against dollar despite Ireland’s bailout hopeThe single currency rose against dollar as investors expected Ireland would get its bailout in the coming future, however, worries over the...
Being supported by 0.9930 previous low, USDCAD traded in a range between 0.9977 and 1.0378. The price action in the trading range is likely forming a double bottom pattern. Another rise to test 1.0378 key resistance is...
USDCHF broke above 0.9971 resistance, suggesting that the downtrend from 1.1730 has completed at 0.9463 already. Further rally is expected and next target would be at 1.0100-1.0200 area. Key support is at 0.9463, only break below this...
USDJPY broke above the downtrend line from 94.98 to 85.92, suggesting that a cycle bottom has been formed at 80.30 level on daily chart, and the downward movement from 94.98 has completed. Further rally is expected in...
AUDUSD stays in a trading range between 0.9651 and 1.0182. As long as 0.9651 key support holds, the price action in the range is treated as consolidation of uptrend from 0.8066, and another rise towards 1.0500 is...
Being supported by the rising trend line from 1.5296 to 1.5649, GBPUSD rebounded from 1.5839. Now the bounce from 1.5839 is likely resumption of uptrend from 1.5296. Further rise towards 1.6298 previous high is expected next week,...
Being supported by the lower border of the price channel on daily chart, EURUSD rebounded from 1.3448 level. Further rise could be seen next week and target would be at 1.3900-1.4000 area. On the downside, a breakdown...
