Being contained by 1.6298 resistance, GBPUSD moved sideways in a range between 1.5962 and 1.6277 for several days. As long as 1.5962 support holds, uptrend from 1.5344 could be expected to resume and further rise to 1.5700...
EURUSD is facing 1.3861 resistance, a break above this level will indicate that a cycle bottom has been formed at 1.3428 level on daily chart, and the uptrend from 1.2874 has resumed, then further rise to 1.4100-1.4200...
The yen was about 0.4% from its strongest level in three weeks against the dollar and the Swiss franc climbed to a record as an uprising in Libya sent oil prices to a 29-month high, boosting demand...
Dollar is expected to continue to trade in weaker territory, especially against the Euro and Cable, though it’s trading neutral against the Aussie Dollar. During past three days, despite sell of in Dow Jones Industrials, historic correlation...
Greetings. Let’s pull up the USD/CAD hourly chart. As you can see, we’re in a downward channel. We are at one of the last support lines and if we can break through and break away, then look...
Market Review – 24/02/2011 20:06 GMT Euro rises to 3-week high on more hawkish comments fm ECB official Euro extended recent upmove fm last week’s low of 1.3428 to a fresh three-week high of 1.3822 on Thursday...
Bank of England minutes bring pound to maximums. Asian and European trading session: Euro: 2-year maximums of the oil prices level supported the growing euro rate, since the possibility that the ECB would reinforce its monetary policies...
Greetings. Let’s pull up the USD/JPY hourly chart. Look for a potential continuation of the recent downward movement as we continue in this sideways channel. We have already passed the 61.8% Fibonacci retracement levels, however, also watch...
The broad marketplace continued to trade under the clouds from the possibility of an ‘oil shock’ as political tensions continue to mire North Africa. Global investors have watched as international bourses have largely lost value. The USD...
EURUSD continued its previous day rally yesterday to settle with positive note at 1.3758, well above high of 09th February 2011. 1.3865 is now immediate resistance for common currency above which possibilities of testing 1.4282, high made...
