The manner of the pullback from 1.0606 has begun to look more corrective. This peak was also a 176.4% projection in Wave iii. With Wave ii being deep any Wave iv should be more shallow and therefore take note of
The Euro continued its slow recovering yesterday against the US Dollar, reaching 1.5590, which is its first resistance level for today. This week lowest rate at 1.5420 is the first support level for the currency couple today. If the correction
The Royal currency fluctuated in yesterday's trading session, where it dropped in the early European session to major support level at 1.9635 though it couldn't breach it, the thing that helped the pound to incline back once again to touch
The pre-planned breakout variant for sales has been realized but without attainment of minimal assumed target. OsMA trend indicator having marked the break of key support with a relative rise of bearish activity was later overlapped with stronger potential of
The Euro traded within 142 pips as it fell to test bids at 1.5452 levels but later gained in the U.S session to touch 1.5594 levels before closing little weaker at 1.5532. The daily & Hourly stochastics show an upmove
The British pound dropped against the Japanese Yen in yesterday's trading after failing in surpassing the major resistance level at 207.15 to retreat back again reaching the major resistance level at 205.50, though the pair rose again in the American
EUR/USD After a short bullish correction the pair now resumes the bearish move. The attempt to breach the 1.5600 has failed yesterday and now all oscillators are showing fresh bearish momentum. Going short with very tight stops might be the
The EUR/AUD established a down trend channel a second time in series. After the first down trend broke through the upper trend channel line, there was a small hope for bullish markets. But the currency pair went back on his
The trend of the British Pound continued descending against the US Dollar today, reaching 1.9560 downwards, which is the first support level for the currency couple today. If the negative sentiment continues, next support is expected at 1.9480, followed by
EUR/USD The pair is in a downtrend from the short-term top at 1.6019. Technical indicators on the 4 h. chart are falling and are still above the oversold zone. Important support is seen at 1.5361, followed by the previous month's
EUR/USD-market strategy can be a sell till the level 1.5420$ To strengthen our analysis; we use many other indicators, starting with MACD (Moving Averages convergence divergence); we notice the MACD lines after a bearish crossover below the zero line. In
There is limited volatility, and this is a sign that the sideways consolidation may have come to an end. Intraday support is found at 1.9600-20 area and a clear break will lead to 1.9550 area. If the break of 1.9600
GBP followed through to the downside on its Tuesday weakness in early morning trading today, breaking below its April 15'08 low at 1.9598.Sustaining these losses at the end of today will suggest further price extension towards its 2008 lows at
We are bearish as long as the EURUSD is below 1.5643. As mentioned last week, 1.5230 is where the decline from 1.5694 would equal the 1.6018-1.5554 decline. This is our initial objective. Very near term, the decline this morning inspires
EUR/USD has fallen directly towards 1.5370-60 Friday bottom area earlier today after the break below 1.5460 first Support as it was suggested in our previous reports Today focus will be on US Pending Home Sales numbers at 14:00 GMT On
The downward trend of Japanese Yen against the US Dollar was stopped by the first support for today at 104.10, and the currency couple was pushed upwards towards its high rate 105.60, which is also the first resistance for today.
Dollar-Swiss has risen very well after the fall to 1.0428 yesterday. For today, the immediately crucial Resistance remains 1.0576. And then there is the stronger and even more crucial one at 1.0610-22. If this outer Resistance breaks, a strong rise
The EUR/GBP daily chart, as shown, has been following a nicely-angled uptrend since the last quarter of 2007. Support for this uptrend is represented on the chart by the long, green line. The 50-period SMA (in light blue) has also
USD/JPY's retreat from 105.70 extends further today and touches mentioned 4 hours 55 EMA (now at 104.27). Nevertheless, with 103.19 support still holding, the rise from 95.77 is still in favor to extend. Above 105.12 minor resistance will indicate that
