Major Currencies’ Morning Report 05/ August /2010

by ecPulse.com | August 5, 2010 6:30 am
EURUSDAfter the 76.4% Fibonacci level showed a strong stance in front of the pair’s upside movement, the pair descended to near support for the bullish channel that organizes the correction trend that has started near the bottom at...

Major Currencies’ Midday Report 04/ August /2010

by ecPulse.com | August 4, 2010 11:47 am
EURUSDThe pair since this morning has been trading on a negative slant, although 1.3185 stands as a barrier stopping the pair from moving to the downside; keeping in mind that Stochastic is gradually unloading the negative momentum....

Major Currencies’ Morning Report 04/ August /2010

by ecPulse.com | August 4, 2010 6:44 am
EURUSDThe pair is finding difficulty building a base above 1.3250 due to the negative effect of momentum indicators appearing on the four-hour chart, currently close to touching minor support around 1.3185. We expect the pair to build...

Major Currencies’ Midday Report 03/ August /2010

by ecPulse.com | August 3, 2010 11:59 am
EURUSDThe pair built a base on 1.3145 and rushed towards the pivotal resistance at 1.3250 – 76.4% Fibonacci-. More bullish intraday movement is expected, where we may witness some fluctuation around the mentioned level due to the...

Major Currencies’ Morning Report 03/ August /2010

by ecPulse.com | August 3, 2010 6:22 am
EURUSDThe pair extended its rise within the short-term ascending channel while finding difficulties in surpassing 1.3190 levels affected by the negative sings from the momentum indicator, slight downside correction might take the pair to 1.3105 before rising...

Major Currencies’ Midday Report 02/ August /2010

by ecPulse.com | August 2, 2010 11:36 am
EURUSDThe EUR/USD pair ascended since this morning, despite the clear overbought signs from the momentum indicators. We are waiting for the pair to touch the 1.2990 levels before completing its intraday bullish direction, where stability above those...

Major Currencies’ weekly Report 02/ August /2010

by ecPulse.com | August 2, 2010 7:00 am
EURUSDThe pair succeeded in consolidating above the 61.8%correction at 1.2990 stable within the ascending channel shown below. Momentum indicators provided negative signals that might push the pair to the downside to retest this level, yet in general...

USDCHF Analysis – July 31, 2010

by ForexCycle.com | July 31, 2010 4:21 am
USDCHF remains in downtrend from 1.1730 and the fall extended to as low as 1.0361 level. As long as 1.0675 key resistance holds, downtrend is expected to continue and next target would be at 1.0200 area. However,...

Major Currencies’ Midday Report 28/ July /2010

by ecPulse.com | July 28, 2010 11:49 am
EURUSDThe pair continues fluctuating around the pivotal resistance of 1.2990 keeping in mind that the stochastic has started to move to the upside. No notable change it witnessed, therefore morning expectations will remain intactas long as the daily...

Major Currencies’ Morning Report 28/ July /2010

by ecPulse.com | July 28, 2010 6:41 am
EURUSDThe pair is finding a hard time surpassing the pivotal resistance of 1.2990, fluctuating below this level and above resistance for the previously breached bullish channel. This fluctuation has helped the pair to gain bullish momentum that we...