Trading Time Frames
USDJPY (Daily): The chart below demonstrates the volatility of this pair. It essentially is moving sideways with a large distance between chart highs and lows. Friday’s price actions saw this pair open at the 200 day MA...
Tag: GBPUSD
Weekly Technical Analysis for Major Currencies 31/5/2010
EURUSD The support levels for the main descending channel has shown a strong stance in front of the third attempt to breach it last week, where the pair moved to the upside due to positive signs appearing...
GBPUSD Analysis – May 29, 2010
Being supported by the lower border of the falling price channel on daily chart, GBPUSD bounced from 1.4230 level. Range trading between 1.4230 and 1.4800 is expected in a couple of weeks. However, the bounce is more...
Major Currencies’ Midday Report 28/5/2010
EURUSD The pair rushed to retest the previously breached support level shown above in red. Momentum indicators are still showing negative signs as the pair reaches the resistance for the minor ascending channel and therefore a minor...
GBP/USD 1.4518 – 28 May 2010
GBP/USD Open 1.4551 High 1.4604 Low 1.4371 Close 1.4580After being hesitant last week, this week Pound/Dollar finally started showing signs of recovery, and on Thursday traded with increase, in converse with negative Interbank sentiment at nearly -59%....
Major Currencies’ Morning Report 28/5/2010
EURUSD The pair almost managed to achieve the key awaited target from yesterday at 1.2420, but support levels have halted this ascend – 38.2% Fibonacci and the minor ascending channel in addition to the MA 50 accompanied...
Major Currencies’ Midday Report 27/5/2010
EURUSD The pair managed to breach the morning pivotal resistance at 1.2290. Stochastic is showing positive signs that support the suggested scenario, therefore our expectations remain valid as far as 1.2150 remains intact.
Daily Forex Analysis by Finexo.com 27/05/2010
Upcoming Sessions (all times GMT)• GBP CBI Realized Sales (10:00)• USD Preliminary GDP (12:30)• USD Unemployment Claims (12:30)
GBP/USD 1.4471 – 27 May 2010
GBP/USD Open 1.4381 High 1.4535 Low 1.4337 Close 1.4386Pound/Dollar traded hesitantly on Wednesday, in converse with negative Interbank sentiment at nearly -59%. The Cable was moving within the narrow 1.4337 – 1.4448 range, closing the day at...
Consolidation, A Break From The EUR
GBPUSD: The Pound has begun to consolidate at 1.44. Notice the last several down candles have all had long lower wicks. The implication is that Sellers are forcing price down but there are enough buyers in the...