Moving Averages
OIL: Crude Oil is currently holding above the 50 day moving average where it has found temporary Support. However, Oil is still trading below the 100 and 200 day MA’s, as they act as near term Resistance....
Tag: EURUSD
Major Currencies’ Morning Report 20/ July /2010
EURUSDThe pair continues fluctuating near the pivotal resistance at 1.2985 –61.8% Fibonacci– where trading is taking a form near the symmetrical triangle; therefore, we expect a bullish intraday trend that will start after a clear breach of the...
EUR/USD 1.2963 – 20 July 2010
EUR/USD Open 1.2940 High 1.2983 Low 1.2873 Close 1.2942 After starting with downward correction during the Asian session, on Monday Euro/Dollar continued ascending. The European currency appreciated from 1.2873 to 1.2983 yesterday, matching the positive Interbank sentiment...
Major Currencies’ Midday Report 19/ July /2010
EURUSDThe pair is facing a hard time in surpassing the pivotal resistance around 1.3000, thus pushing the pair to the downside where we see that it will return to retest the previously breached resistance that has currently...
Psychologically Important Technical Levels
Psychologically important levels usually have to do with round figures. An example of a psychologically important level would be the EUR spot approaching 1.30 as opposed to 1.2984. These are levels where technicians need to allow for...
Major Currencies’ weekly Report 19/ July /2010
EURUSDThe pair halted its upside rush at 61.8% Fibonacci correction and seems to have indulged in a minor bearish correction, affected by the negativity on momentum indicators over daily basis. We can expect a retest for the...
EUR/USD 1.2919 – 19 July 2010
EUR/USD Open 1.2902 High 1.3004 Low 1.2891 Close 1.2924 On Friday Euro/Dollar the rising momentum extended further during the European session, than consolidated. The European currency appreciated from 1.2891 to 1.3004 on Friday, matching the positive Interbank...
EURUSD Analysis – July 17, 2010
EURUSD’s rise from 1.1876 extends to as high as 1.3006 level. Further rally is still possible next week and next target would be at 1.3200-1.3300 area. Support is at 1.2700, as long as the pair stays above...
Major Currencies’ Midday Report 16/ July /2010
EURUSDThe pair built a base on 1.2880 to rush and touch the awaited key target at 1.2985. The negativity of momentum indicators is addin g strength to this level and therefore we should witness some fluctuation and...
Major Currencies’ Morning Report 16/ July /2010
EURUSDThe pair pushed to the upside achieving yesterday’s suggested scenario that has halted around 1.2950 due to the negativity of momentum indicators. We expect the pair to attempt some minor bearish correction before resuming the expected bullish intraday...