In this issue: 1. Weekly technical analysis2. First results of the “Jingle Bells” trading competition.3. Get a free ATM card when you open and fund your new trading account with us.4. Representatives Wanted!5. Economic Calendar, Pip value...
EURGBP After a steep drop against the Pound, the Euro is now attempting to put in a short-term bottom at support. Several days in a row that ended near their close, with long wicked candlesticks, suggest that...
USDCHF’s bounce from 0.9463 extended to as high as 1.0053 level. Further rally is still possible next week and next target would be at 1.0200-1.0300 area. Support is at 0.9850, only break below this level could bring...
The EUR/USD dropped to new lows. Asian and European trading sessions: Euro: The euro hit new minimums on Wednesday, as the rating agency “Standard and Poor’s” reduced the sovereign ratings of Ireland both long-term and short-term. The...
EURJPY After consolidating for the past 6 weeks, the EURJPY appears to finally be breaking out. The sideways movement formed a triangle, building up potential energy, while the direction remained unclear. Today’s decisive drop with extremely wide...
USDCHF broke above 0.9971 resistance, suggesting that the downtrend from 1.1730 has completed at 0.9463 already. Further rally is expected and next target would be at 1.0100-1.0200 area. Key support is at 0.9463, only break below this...
Gold Gold penetrated the rising trendline which had been in place since September, signaling a potential trend change. The strong momentum on the way down suggests that selling is likely to continue. Yesterday’s steep decline puts it...
The greenback reaches maximums against the euro and the yen. Asian and European trading sessions: Euro: The concerns over the possibility that Ireland would ask the European community for immediate financial help, continued to pressure the euro...
During the whole previous week the greenback showed considerable consolidation against the background of the weakening euro. For example, on Monday concerns over the budget deficit of Ireland pressured the euro. The additional negative influence came from...
USDCHF stays in a trading range between 0.9463 and 0.9971. Sideways move in the range is expected to continue in a couple of weeks. Key support is at 0.9463, only break below this level could indicate that...
