Is The Dollar Rally Over?
GBPUSD: In several of our segments last week we discussed the GBP’s potential for breaking north of trend line Resistance. Last week we witnessed that very occurrence as the GBP took out the 50 day MA and...
Tag: GBPUSD
Major Currencies’ weekly Report 28/ June /2010
EURUSD The pair continues to trade within the main bearish channel nearing resistance is currently around 1.2470. This level is vital since its neckline for the bullish technical pattern is close to being completed.
GBPUSD Analysis – June 26, 2010
GBPUSD’s bounce from 1.4230 extends further to as high as 1.5076. Upward movement is expected to continue next week and target is at the upper boundary of the falling price channel. Support levels are at 1.4855 and...
Major Currencies’ Midday Report 25/ June /2010
EURUSD The negative pressure has returned on the pair once again within yesterday’s broken descending channel, as it neared pivotal support 1.2240. Stochastic is still showing positive signs that will maintain chances of achieving morning expectations, if we...
GBP/USD 1.4946 – 25 June 2010
GBP/USD Open 1.4926 High 1.5003 Low 1.4917 Close 1.4935On Thursday Pound/Dollar traded hesitantly, in converse with negative Interbank sentiment at around -18%. The Cable was moving within the 1.4917 – 1.5003 range yesterday, closing the day at...
Major Currencies’ Morning Report 25/ June /2010
EURUSDThe pair inclined sharply, breaching the pivotal resistance of 1.2330 but couldn’t stabilize above it fro long time. The resistance line of the major descending channel is currently valued at 1.2435 represent the technical objective of the...
Major Currencies’ Midday Report 24/ June /2010
EURUSD The pair has been moving to the downside since this morning due to the effect of the strength from the pivotal resistance at 1.2330 that is currently forming resistance for the bearish channel that seems to...
GBP/USD 1.4961 – 24 June 2010
GBP/USD Open 1.4964 High 1.5000 Low 1.4802 Close 1.4954On Wednesday Pound/Dollar continued recovering, as expected, in converse with negative Interbank sentiment at nearly -26%. The Cable appreciated from 1.4802 to 1.4970 yesterday, closing the day at 1.4954....
Major Currencies’ Morning Report 24/ June /2010
EURUSD The pair has attempted to breach pivotal support 1.2240, but was not able to build a base below it to push to the upside to achieve yesterday’s awaited targets flawlessly, as it currently stabilizes at the...
Moving Average Breaches
GBPUSD: We spoke about this move the other day. Price was pushing up against trend line Resistance just as the 50 day moving average was hitting the same level. This combination exerted tremendous pressure against the GBP.