USDJPY formed a symmetrical triangle pattern on daily chart. The price action in the pattern is treated as consolidation of downtrend from 94.98 (May 5, 2010 high), a clear break below the lower boundary of the pattern...
EURUSD rose sharply yesterday on Interest rate hike decision by ECB during its April, 2011 meet. Common Currency is hovering near key resistance of 1.3955; strong vigilance is needed at this level as any negative news may...
ECB rate increase speculations pushed euro to maximums. Asian and European trading sessions:
Common currency rose most since November 15, 2010 and closed higher at 1.3864 yesterday. EURUSD immediate support is seen at 1.3812 and resistance can be seen near 1.3955. Dow Jones industrial Average closed marginally higher at 12066.80...
Speech of Ben Bernanke supported the greenback today. Asian and European trading sessions: Australian Dollar: Australian dollar strengthened against the yen today since the released Australian retail sales data turned out to be above expectations. The Reserve...
DJ faced resistance and settled lower at 12058.02 yesterday, almost 200 points lower from day’s high. Common Currency may find stiff resistance at 1.3955 ranges. ERUUSD though settled negative but caught in 1.3700-1.3865 range since last four...
Greetings. Let’s pull up the USD/JPY hourly chart. As you can see, we’re resting right on a major trend line and the next day or two may help solidify the pair’s movement.
Elevated oil rate supports the commodity currencies.
EURUSD may find stiff resistance at 1.3955 ranges. Common Currency though settled positive but caught in 1.3700-1.3865 range since last three days. USDCHF may pair some of the price losses in near-term till its trades above 0.9230....
Market review for 21 – 25. 02, 2011
