Type: Posts; User: Francesco
The pair is now up 0.04% at 1.1096 facing the next resistance at 1.1132 (high Mar.10) followed by 1.1148 (high Feb.28) and then 1.1160 (high Feb.27).
On the flip side, a breach of 1.0998 (daily...
Excellent Market brief
EURUSD - 31.01.2014
EURUSD is facing 1.3507 support, a breakdown below this level will signal resumption of the downtrend from 1.3892, then next target would be at 1.3400 area.
EURUSD - 27.01.2014
EURUSD broke above 1.3699 resistance, indicating that the downward movement from 1.3892 had completed at 1.3507 already.
Now the pair is in uptrend from 1.3507, further...
EURGBP - 24.01.2014
Technically, the RSI is above its neutrality area at 50.
Long positions above 0.818 (already crossed) with targets @ 0.826 & 0.8285 in extension.
Below 0.818 look...
EURUSD - 23.01.2014
EURUSD remains in downtrend from 1.3699, the rise from 1.3507 is likely consolidation of the downtrend.
Another fall could be expected after consolidation, and the...
GBPUSD - 22.01.2014
GBPUSD broke above the downward trend line on 4-hour chart, indicating that the downtrend from 1.6593 had completed at 1.6309 already.
Further rise could be expected,...
EURUSD - 20.01.2014
EURUSD broke below 1.3548 support and reached as low as 1.3507, suggesting that the downward movement from 1.3892 has resumed.
Further decline could be expected in a...
EURUSD - 17.01.2014
EURUSD stayed in a trading range between 1.3548 and 1.3699 for several days. The price action in the range is likely correction of the downtrend from 1.3892.
The US stocks market traded higher on Wednesday as investors are confident that 2014 will be the confirmation of good economic shape in the US. Bank of America posted a better than expected earnings...
USDCAD - 15.01.2014
After consolidation, USDCAD continues its upward movement from 1.0588, and the rise extends to as high as 1.0977.
Further rise could be expected in a couple of days,...
USDJPY bounced strongly from 102.85, indicating that the pair remains in uptrend from 96.57 (Oct 8, 2013 low), and the price action from 105.44 would possibly be consolidation...
EURUSD downside touched weekly low
The EURUSD fell during the Asian session to 1.3632 reaching a new weekly low, moving away from 1.3700.
Currently the EUR/USD trades at 1.3629, slightly...
On Monday the pair bottomed at 1.0528, the lowest price in almost five weeks and bounced to the upside, on what it seemed a normal correction after a decline of 300 pips.
The US stocks closed near to highs on Tuesday in a key reversal day according to technician experts. Investors cheered upbeat retail sales data and drove S&P 500 to best 2014 day and the Nasdaq to...
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