USD/JPY Open 87.27 High 87.57 Low 86.69 Close 87.48 Dollar/Yen continued the upward adjustment on Tuesday, in line with the positive Interbank sentiment at nearly +1%. The currency couple appreciated from 86.69 to 87.57 yesterday, closing the...
EURUSDThe pair descended sharply yesterday to retest the resistance for bullish channel previously breached and turned into support, which currently ascended towards 1.2845. Signs of a bearish pattern which is a rising wedge are seen over four-hour...
EURUSDThe pair breached 1.2985 yet with no confirmations, where the four-hour closing was below this level as the pair started a sharp descend that neared pivotal support levels between 1.2890 – 1.2860. The breach of the mentioned...
EURUSDThe pair continues fluctuating near the pivotal resistance at 1.2985 –61.8% Fibonacci– where trading is taking a form near the symmetrical triangle; therefore, we expect a bullish intraday trend that will start after a clear breach of the...
EURUSDThe pair is facing a hard time in surpassing the pivotal resistance around 1.3000, thus pushing the pair to the downside where we see that it will return to retest the previously breached resistance that has currently...
ForexPros Daily Analysis July 19, 2010 Fundamental Analysis: Interest Rate Decision The Bank of Canada (BOC) decision on short term interest rate. The decision on where to set interest rates depends mostly on growth outlook and inflation....
USD/JPY Open 86.51 High 87.49 Low 86.34 Close 86.52 On Friday Dollar/Yen continued descending, in line with the negative Interbank sentiment at around -16%. The currency couple depreciated from 87.49 to 86.34 on Friday, closing the week...
Psychologically important levels usually have to do with round figures. An example of a psychologically important level would be the EUR spot approaching 1.30 as opposed to 1.2984. These are levels where technicians need to allow for...
EURUSDThe pair halted its upside rush at 61.8% Fibonacci correction and seems to have indulged in a minor bearish correction, affected by the negativity on momentum indicators over daily basis. We can expect a retest for the...
USDJPY breaks below 86.96 support, suggesting that a cycle top has been formed at 89.15 level on daily chart. Further fall towards 84.82 (2009 low) support would more likely be seen next week, a breakdown below this...
