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...
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...
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...
In this issue: 1. Weekly technical analysis2. First results of the “Jingle Bells” trading competition.3. Get a free ATM card when you open and fund your new trading account with us.4. Representatives Wanted!5. Economic Calendar, Pip value...
AUDUSD broke below 0.9651 key support, suggesting that the uptrend from 0.8066 has completed at 1.0182 level already. Deeper decline is now in favor and next target would be at 0.9300-0.9400 area. Resistance is at 0.9800, as...
The EUR/USD dropped to new lows. Asian and European trading sessions: Euro: The euro hit new minimums on Wednesday, as the rating agency “Standard and Poor’s” reduced the sovereign ratings of Ireland both long-term and short-term. The...
AUD/USD is moving within corrective wave against 1.0182-0.9727. Now subwave C (colored red) is developing. Its targets are Fibonacci retracements of 1.0182-0.9727, and expansions off 0.9727-0.9914-0.9815.
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...
AUD/USD is moving in corrective wave 4 of medium term downtrend – colored magenta in the chart. Potential targets of the corrective wave up are Fibonacci retracements of 1.0091-0.9815 (wave 3), and expansions off 0.9815-0.9922-0.9820.
The greenback reaches maximums against the euro and the yen. Asian and European trading sessions: Euro: The concerns over the possibility that Ireland would ask the European community for immediate financial help, continued to pressure the euro...
