Aug 06 2013 @ 10:56
USDX Daily Analysis for August 06, 2013 Daily chart: The USDX has found support at the level of 81.50 and the 200 day moving average. But in yesterday’s session, the USDX found resistance at the 82.51 level, which means that these levels will be vital for the development of the general trend in the USDX. […]
Aug 06 2013 @ 10:52
USD/JPY Daily Analysis for August 06, 2013 Daily chart: The USDJPY is turning bearish in this chart, because this was met with strong resistance at the 99.81 level. Now, this pair is trying to break the support at the 97.59 level and if it succeeds, would be expected to fall to the level of 96.38. […]
Aug 06 2013 @ 04:53
The GBPUSD is trending upwards towards the distribution territory at 1.5400, which may be easily breached to the upside. EURUSD: This pair is in a bullish mode: even in the face of the latest equilibrium phase in the market. The Williams’ % Range is moving into the overbought region, which means that the buying pressure […]
Aug 05 2013 @ 23:51
The EURUSD continues at a very crucial for the development of its trend. For now, we can not say with certainty what their current general trend is. The EURUSD continues to consolidate above the 200 day moving average and above the support at the 1.3200 level. If this pair managed to break the resistance level […]
Aug 05 2013 @ 01:28
The reversals that happened last week have resulted in new signals in most cases. The EURUSD has continued its bullish journey. EURUSD: The bearish threats that happened on the EURUSD last week did not succeed in pushing the price below the support line of 1.3200. From the point of ‘nearly resulting in a bearish confirmation,’ […]
Aug 04 2013 @ 21:50
The USDJPY has no clear trend in this chart and it is likely that this week is very crucial for the development of the general trend of this pair. The USDJPY is trying to consolidate above support at 98.64 level and now this pair is forming a lower high pattern. Is likely that the USDJPY […]
Aug 03 2013 @ 03:40
GBPUSD: Sell There is now a bearish signal on the Cable, following the Bearish Confirmation Pattern that has occurred on the chart since Tuesday 2013. The price has gone below the EMA 21 and the RSI period 14 is below the level 50. With some informed chart analysis, it could be said that the price […]
Aug 02 2013 @ 06:16
A TASK THAT MUST BE DONE A good trading track record is a noble achievement that’s being aspired to. It’s a proof of your trading prowess – an absolute requirement that must be provided before you’re viewed as a pro, whose trading strategy is worthy of emulation or who could possibly be considered as a […]
Aug 02 2013 @ 04:16
Pound Sterling – At the start of the week the Pound saw little movement against its most traded peers, but did make gains against the US Dollar. The rise came after the Bank of England released data showing that lending to small UK firms hit a record high in June. To ask a currency expert a […]
Jul 30 2013 @ 19:34
USDJPY stays in a range that will produce many irregular movements, to which we must be vigilant. The USDJPY is forming a higher low pattern, above the 200 day moving average and above the support at the 97.53 level. If the pair manages to break that level, it is expected to fall to the level […]
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