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...

Forex Market Not Impressed With European Bank Stress Tests

by bforex.com | July 26, 2010 8:09 am
EURUSD: The EUR continues to consolidate near the 100 day moving average. The EUR is holding above trend line support, however, analysts remain cautious as a horizontal breach of trend line support is often followed by a...

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...

USDCHF Analysis – July 24, 2010

by ForexCycle.com | July 24, 2010 2:37 am
USDCHF’s downward movement extended to as low as 1.0394 level. Resistance is at 1.0675, as long as this level holds, downtrend could be expected to continue, and another fall to 1.0200-1.0300 would more likely be seen.

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–...

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...