Major Currencies’ weekly Report 21/ June /2010
EURUSDThe pair continued the bullish wave, shown in the previous weekly report nearing from resistance for the main descending channel that meets with 38.2% Fibonacci correction at 1.2565.
Tag: GBPUSD
GBPUSD Analysis – June 19, 2010
GBPUSD’s bounce from 1.4230 extends further to as high as 1.4885. Now the pair is facing the upper boundary of the rising price channel. Pullback would more likely be seen next week. Support is now at the...
Major Currencies’ Midday Report 18/ June /2010
EURUSD The pair touched the support for the mentioned ascending channel at 1.2360, as we await a bullish rebound to the upside as our expectations remain intact unless a base is established below 1.2325.
Major Currencies’ Morning Report 18/ June /2010
EURUSD The pair continues its upside push within the ascending channel shown in our previous reports, due to the effect of yesterday’s breached bullish technical pattern at 1.2325. Momentum indicators are showing some negativity that may cause...
Major Currencies’ Midday Report 17/ June /2010
EURUSD The pair rushed to the upside to return within the ascending channel shown above, while at the same time activating the bullish technical pattern after breaching the neckline at 1.2325. From here, we expect a bullish...
GBP/USD 1.4680 – 17 June 2010
GBP/USD Open 1.4732 High 1.4856 Low 1.4644 Close 1.4725After strong rise at the beginning of this week, on Wednesday Pound/Dollar corrected deeply downwards, in line with negative Interbank sentiment at around -29%. The Cable depreciated from 1.4856...
Daily Forex Analysis by Finexo.com 17/06/2010
Today is expected to be a very busy say, as many key numbers and events are scheduled to be released. The Swiss central bank is expected to keep its benchmark interest at 0.25%; however, SNB rhetoric on...
Major Currencies’ Morning Report 17/ June /2010
EURUSDThe negative pressure on the pair has caused a direct negative impact on momentum indicators as the pair descends towards support for the minor upside channel, shown below in the four hour chart.
Major Currencies’ Midday Report 16/ June /2010
EURUSD The pair touched the mentioned retest level from this morning, where it is currently at 1.2290 as the four hour candlestick closing builds a base above it. Therefore, our morning expectations remain valid as far as...
GBP/USD 1.4794 – 16 June 2010
GBP/USD Open 1.4796 High 1.4833 Low 1.4695 Close 1.4803After some hesitant movements, on Tuesday Pound/Dollar continued recovering, in converse with negative Interbank sentiment at around -21%. The Cable appreciated from 1.4549 to 1.4833 yesterday, closing the day...