GBPUSD broke below the lower border of the rising price channel on daily chart, suggesting that a cycle top had been formed at 1.6277 level. Consolidation of uptrend is expected in a couple of weeks and pullback...
EURUSD had formed a cycle top at 1.3861 level on daily chart. Pullback to 1.3100-1.3200 area to reach next cycle bottom would likely be seen. Resistance is at 1.3750, only break above this level could trigger another...
The EUR/USD currency pair is demonstrating downside movement to the support level 1.3538. Earlier on a 4-hour graph the EUR/USD has formed candlestick combination Falling Three Methods, indicating downside movement.
Greenback won its previously lost positions. Asian and European trading sessions:
Greetings. Let’s take a look at one of our favorite pairs to trade – the GBP/JPY. It does seem there is potentially more room for more upward movement, however, 134.00 is a strong resistance area so this...
Concerns that the euro zone nations are not doing enough to tackle the debt woes plaguing the region has moved many traders to pull away from European assets and seek out relatively safer investments. The decline in...
With the Dow (.DJIA) yielding at the historical congestion zone of 11200 ranges, USD continued its strength across the board especially against the Common Currency, Aussie Dollar, Japanese Yen and Swiss Franc. Except for the Cable which...
Market Review – 10/02/2011 20:14 GMT Euro tumbles on much lower-than-expected U.S. weekly jobless claims data The dollar rallied broadly (except vs the British pound) on Thursday after U.S. weekly jobless claims fell to a 2-1/2 year...
Reaction to the Ben Bernanke speech. Asian and European trading sessions:
After breaking the immediate hurdle of 1.3700, Euro posed third straight positive close at 1.3718, though 1.3725 may act as major resistance. AUDUSD settled negative yesterday at 1.0106 – likely to continue price loss in near term...
