Candlestick analysis of the GBP/JPY for December 02
Earlier on a 4-hour graph the GBP/JPY has formed the combination of candlesticks Rising Three Methods that indicates an uprising movement.
Month: December 2010
Trichet Will Face Tough Questions
The next two days should provide an electric trading atmosphere, this on the heels of the today’s ECB monetary policy press conference and tomorrow’s U.S. Non Farm Employment Change numbers. The USD lost ground to the EUR...
Euro and Equities Rally Signaling Potential Shift in Trader Sentiment
Strong private payroll numbers boosted equities today as well as higher yielding assets such as the Aussie dollar and crude oil. The dollar and the yen sold off sharply while the euro rose versus the greenback for...
Daily FX Market Outlook-2-12-2010 by AceTrader
Market Review – 01/12/2010 21:41 GMT Euro rises on speculation of ECB’s extra bond purchase Euro rebounded from an intra-day low of 1.2970 in Asia on Wednesday after early selloff in the previous session as traders reduced...
Forex-Metal Daily Analysis – 01/12/2010
Fears for the spreading of the European crises are growing. Asian and European trading sessions: Euro: Today the euro was mainly pressured by the increased concerns that the Ireland crises would spread on the other countries, such...
AUD/USD Elliott wave count and Fibonacci levels, December 1, 2010
According to wave count on larger timeframes AUD/USD is moving within wave C of daily degree (colored royal blue in the chart). Within this wave there’s a set of 5 waves of smaller degree – colored red...
Falling Wedge Suggests Reversal Likely in AUD
AUDUSD Although the Australian dollar has slipped 5% off of its highs, the chart indicates that a bounce may be on the way. Prices have been falling in an ever narrower range, forming a falling wedge. This...
Forexpros.com Daily Analysis – 01/12/2010
ForexPros Daily Analysis December 01, 2010 Euro: On daily, has continued to break lows on over extended moves. Next major support areas are previous highs at 1.2916 and lows at 1.2588.
Forex daily technical anlysis
USD/JPY: The pair stopped a 4 weeks uptrend after it reached, but did not cross, a resistance zone around 84.42. NZD/USD: The pair stopped a 3 weeks bearish trend after it reached, on the last session, the...
Euro Tumbles and Yen Soars Amid Concern Sovereign-Debt Crisis Will Broaden
The euro continued to weaken on all fronts during yesterday’s trading session amid concerns that Portugal and even Spain will eventually seek financial rescue as well. This has also boosted risk-aversion, and supported demand for safe-haven assets...