Daily Forex Analysis by Finexo.com 15/07/2010
The Dollar continues to remain under extensive selling pressure as it is becoming increasingly apparent that the U.S economic recovery may be slowing down.
Tag: GBPUSD
GBP/USD 1.5255 – 15 July 2010
GBP/USD Open 1.5266 High 1.5293 Low 1.5181 Close 1.5268 On Wednesday Pound/Dollar continued the upward impulse with just over 100 pips, in line with the positive Interbank sentiment at nearly +20%. The Cable appreciated from 1.5181 to...
Major Currencies’ Morning Report 15/ July /2010
EURUSDThe pair continued its upside trend yesterday touching resistance for the bullish channel once again that meets with 50% Fibonacci correction. Momentum indicators are still showing negative signs that maintain chances of a minor bearish correction intact,...
Major Currencies’ Midday Report 14/ July /2010
EURUSDThe pair is trading within a narrow sideway range since this morning while negative momentum is still appearing on the four-hour chart below. There is no mentionable change and therefore morning expectations will remain intact if we do...
GBP/USD 1.5224 – 14 July 2010
GBP/USD Open 1.5188 High 1.5257 Low 1.4967 Close 1.5175 After starting with slight decrease, on Tuesday Pound/Dollar climbed significantly, not exactly in line with the weak Interbank sentiment at around +7%. The Cable at first descended to...
Intra-day Chart Patterns
It is always recommended that before you enter any trade, you should pan through varying chart tenors to see if your entry is supported on multiple time frames. Even when you have no pending entry sometimes you...
Major Currencies’ Midday Report 13/ July /2010
EURUSDThe pair attacked the critical 1.2545 support but reversed to the upside to stabilize above it once again. Accordingly our morning scenario is activated and remains valid as far as areas of 1.2470 remain intact.
GBP/USD 1.5019 – 13 July 2010
GBP/USD Open 1.5018 High 1.5084 Low 1.4948 Close 1.5029 After the range trading last week, on Monday Pound/Dollar started decreasing, in converse with the Interbank sentiment at around +8%. The Cable at first descended to 1.4948 yesterday,...
Major Currencies’ Morning Report 13/ July /2010
EURUSDThe critical support area of 1.2545 held against the pair supported by the 50 MA and positive momentum on Stochastic. Therefore, we see the likelihood for an intraday upside move targeting the channel’s resistance at 1.2750; nonetheless, we...
Major Currencies’ Midday Report 12/ July /2010
EURUSDThe pair is trading around the morning mentioned pivotal support level at 1.2565 in an attempt to build a base and start the suggested bullish wave. Our morning expectations remain intact, supported by Stochastic but keep in...