07/12/2011 08:24 UTC GBP swings higher as it strengthens against the USD, EUR, NZD, CAD and AUD. Recent mid-term strength indicator reading for GBP is 2 out of 8, thus suggesting that the current swing may be...
07/12/2011 08:24 UTC USD swings lower as it weakens against the EUR, GBP, JPY, CHF and NZD. Recent mid-term strength indicator reading for USD is 4 out of 8, thus suggesting that the current swing may be...
Greetings. Let’s take a look at the GBP/CAD chart. We’re in a nice downward movement and from the daily to the hourly, it looks like the downward movement will potentially continue.
The US Dollar Index appreciated for fourth consecutive day on the event of on the event of profit taking in the key equity index of the Dow Jones Industrials (DJIA). The USD has appreciated homogeneously against all...
The Commodity bloc currencies are finally reacting to wave of risk liquidation. The Aussie Dollar has broken down the 1,0650 support which opens the door to a new test of 1,05.
It has been a few days we were poiting out the possibility of a long term reversal pattern (cup&handle) on the pair for a possible long term shift in the trend. The latest price actions and the...
As well as the Yen, the Swiss Franc has been well supported during last trading session considering its safe haven status on fears that the threat of Eurozone contagion is becoming more and more of a reality....
The pair didn’t take advantage of the US Dollar strengh mainly driven by the Euro. On the contrary, the USD/JPY has been falling back towards the 80,00 critical level.
The Cable has been under pressure as well and the new fresh low below 1,59 opens the door to further decline with a next target at 1,58.
We were following this triangle on the daily with a bottom line around 1,42. Yesterday, we did see the EUR/USD sharply breaking the 1,42 level to reach 1,40 key support.
