Aug 16 2013 @ 07:00
Daily chart: Finally, due to the uncertainty in Egypt, the CL broke the resistance at 106.70 level and is consolidating above it. It is very likely that the CL prolong their rise to resistance at 109.93 level. However, we must bear in mind that the uncertainty could also cause the CL fall and start strengthening […]
Aug 15 2013 @ 07:01
Daily chart: The USDX has rebounded in the 200 day moving average near the 81.81 level. Now, the USDX is trying to break the support at the 81.50 level and this could be a possible continuation of the overall bearish trend in the USDX, so this drop could be extended to the support level of […]
Aug 15 2013 @ 07:00
Daily chart: USDJPY has made a bearish rebound in resistance at the level of 98.25. Now, this pair has touched the support at 97.59 level and if it break, is expected to fall to the level of 96.38. However, this can be the formation of a lower high pattern and if the USDJPY managed to […]
Aug 14 2013 @ 07:05
Daily chart: CL is forming a lower high pattern, below the resistance level at 106.70. Is likely that the CL will find resistance at this level, however, there is also the possibility that it may break, because the CL is very strong in its current bullish trend. If the CL manages to break that level, […]
Aug 14 2013 @ 07:00
Daily chart: This pair continues to fall below the 200 day moving average and is about to touch the support level at 1.5407. This level is very important in the GBPUSD’s bullish trend, because this could slow the current drop of this pair, but if the force bearish break reaches this level, it is expected […]
Aug 13 2013 @ 07:35
Daily chart: The USDX is trying to break the resistance at 81.50 and if it succeeds, it is expected to rise to the level of 82.51, in the medium term. However, we must emphasize that it is very likely that the USDX is forming a higher low pattern, to continue falling. If the USDX makes […]
Aug 13 2013 @ 07:15
Daily chart: The GBPUSD bounced off the resistance level at 1.5506 and now this pair is falling below the 200 day moving average and is expected to fall to support at the 1.5407 level. If the pair manages to break that level, it is expected to fall to the level of 1.5266. However, the bullish […]
Aug 12 2013 @ 07:35
Daily chart: The CL made a bullish rebound on the support at 103.85 level. Now, the CL is trying to climb to the resistance at the 106.70 level. If the CL manages to break that level, it is expected to rise to the level of 109.93. On the other hand, we must consider the CL […]
Aug 12 2013 @ 07:30
Daily chart: The USDJPY is strengthening its bearish trend and now, it’s forming a higher low pattern, above the support at the 96.38 level. If the pair manages to break that level, it is expected to fall to the level of 94.53. This pair will look for the moving average of 200, because this bearish […]
Aug 09 2013 @ 07:15
CRUDE OIL: Daily Analysis for August 09, 2013 Daily chart: The CL again found support in the level of 103.85. As we have said before, if the CL manages to break that level, we would expect it to drop to the level of 100.33. On the other hand, it is very likely that the CL […]
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