Major Currencies’ Morning Report 27/ July /2010

by ecPulse.com | July 27, 2010 6:58 am
EURUSDThe pair succeeded in breaching 1.2935 and headed to the upside but it is not able till now to stabilize above 61.8% Fibonacci around 1.2990. Momentum indicators are showing negative signs that might force the pair to attempt a...

Major Currencies’ Midday Report 26/ July /2010

by ecPulse.com | July 26, 2010 11:45 am
EURUSDThe pair is fluctuating around the resistance for the bullish channel attempting to confirm its breach; however, the negativity by Stochastic is pressuring the pair to move to the downside. We hold onto our morning expectations, aswe...

Major Currencies’ weekly Report 26/ July /2010

by ecPulse.com | July 26, 2010 6:52 am
EURUSDThe pair continues its positive bullish pressure stabilizing trading above 50% and below 61.8% Fibonacci correction, while ongoing signs of a bullish trend appear as its neckline meets with 61.8% at 1.2995 accompanied by positive signs appearing...

USDCAD Analysis – July 24, 2010

by ForexCycle.com | July 24, 2010 2:38 am
USDCAD is forming a triangle pattern on daily chart. Sideways movement in the pattern is expected next weeks. Resistance is at the upper boundary of the pattern, now at 1.0600, a clear break above this level will...

Major Currencies’ Midday Report 23/ July /2010

by ecPulse.com | July 23, 2010 12:29 pm
EURUSDThe pair attempted to breach the support for the rising wedge once again, but reversed strongly to the upside with clear bullish momentum. We recommend observing trading today, especially as we await the stress tests results later today...

Major Currencies’ Morning Report 23/ July /2010

by ecPulse.com | July 23, 2010 6:32 am
EURUSDThe pair returned within the support for the previously breached rising wedge and above resistance for the bullish channel that represents the medium term bullish direction. This makes chances of returning the bullish trend returning within the...

Major Currencies’ Midday Report 22/ July /2010

by ecPulse.com | July 22, 2010 12:39 pm
EURUSDThe pair strongly rushed to the upside to attempt to surpass the retest for the support of the previously breached rising wedge, where it is heading towards the resistance level for the bullish channel that has returned...

Major Currencies’ Morning Report 22/ July /2010

by ecPulse.com | July 22, 2010 6:32 am
EURUSDThe pair respected yesterday’s presented scenario, and currently fluctuates with a slight bias to the upside due to the effect of positive momentum. We expect the pair to retest 1.2820 –support for the breached rising wedge yesterday–...

The Dollar is Slipping To Dangerous Levels

by bforex.com | July 22, 2010 6:18 am
USDJPY: We are seeing strong JPY Support building in at 87.50. The JPY is also in the middle of a volatile Step pattern which is generating lower highs and lower lows. If the JPY breaks Support and...

Major Currencies’ Midday Report 21/ July /2010

by ecPulse.com | July 21, 2010 12:04 pm
EURUSDThe pair succeeded in breaching the pivotal support levels mentioned this morning at 1.2845, as it attempts to stabilize below it to insure that morning scenario is activated. From here, morning expectations will remain intact as long...