Oct 06 2013 @ 19:51
The AUD/USD is trying to grab a bullish momentum. The Aussie is trying to break the resistance level at 0.9466. If the pair manages to break that level, it is expected to rise to the level of 0.9664, where is located the 200 day moving average. On the other hand, is likely that AUDUSD will […]
Oct 06 2013 @ 18:29
The vivid southward reversal on the cable has resulted in a new bearish bias on the pair. Right now, the accumulation territory at 1.6000 is about to be breached. EURUSD: This pair trended upwards last week, but the current southward reversal in the market is a threat to the bulls’ interest. Should this go further […]
Oct 04 2013 @ 01:43
In the face of the general weakness of the greenback, the EURUSD has been able to move upwards this week. EURUSD: In the face of the general weakness of the greenback, the EURUSD has been able to move upwards this week. The price has moved upwards by roughly 140 pips. There is a possibility that […]
Oct 04 2013 @ 00:24
The NZD/USD looks to consolidate above the 200 day moving average, so the bullish outlook is kept alive. The kiwi is forming a lower high pattern below the resistance level of 0.8380. If the pair manages to break that level, it is expected to rise to the level of 0.8528. On the other hand, the […]
Oct 02 2013 @ 00:02
The EUR/JPY is about to play the bullish trend line, where it could find support. The EURJPY has been strengthening its current bearish trend on the daily chart, but we must be alert to a possible rebound bullish trend line on there near the current price of this pair. In case of the bullish rebound, […]
Oct 01 2013 @ 11:00
Yesterday I said, essentially, that the U.S. shutdown “ain’t not big deal.” If this shutdown is like most of the others the U.S. has experienced, it will be something similar to the effect of a major January snowstorm in the Washington DC area. For most Americans – and most of the world, for that matter […]
Oct 01 2013 @ 02:36
The JPY pairs opened with gap-downs and later rebounded upwards. The outlook on the JPY pairs for this week is thus bullish. EURUSD: The EURUSD is a bull market, with the possibility that the market would keep on going upwards (though not without bearish retracements). The price line at 1.3550, which has been tested constantly […]
Sep 30 2013 @ 23:50
The aussie continues to fall below the resistance level at 0.9349. The AUD/USD is forming a higher low pattern and is likely to fall to support at the 0.9201 level, to fill the gap that this left a few weeks ago. On the other hand, if the pair managed to break the resistance at the […]
Sep 30 2013 @ 11:24
Pound Sterling The Pound began the week softer against the Euro after Angela Merkel won a landslide victory in the German elections. The result was seen as a positive for stability in Europe and sent the Euro slightly higher against Sterling. Disappointing economic data releases for the UK and negative comments from a Bank of […]
Sep 29 2013 @ 19:06
After much consolidation, the markets ended the last week trending according to the dominant biases. EURUSD: This pair closed at 1.3522, being in a bullish mode. The price trended upwards last week, and it is supposed to do so this week. Although this would not be without serious struggle between buyers and sellers, it is […]
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