27 Aug 2013 @ 22:05
Daily chart: GBPUSD is forming a possible lower high pattern, above the support at the level of 1.5506 and above the SMA 200. Today’s session could be crucial in the development of the trend trend in this pair, because this is still above the SMA 200. However, if the pair manages to break the support […]
26 Aug 2013 @ 22:04
Daily chart: The GBPUSD continues to fall below the resistance level at 1.5642 and now, it is likely to fall to support at the 1.5506 level, very close to the 200 day moving average. For this week, GBPUSD shows a bearish trend in development, which could continue for several days if the pair manages to […]
26 Aug 2013 @ 22:02
Daily chart: The USDX is still facing a resistance at the 81.50 level. However, this could be the formation of a lower high pattern, but this is still not sure. It is possible that the USDX to fall to the bullish trend line at the level of 81.05. If the GBPUSD manages to break it, […]
26 Aug 2013 @ 06:54
The JPY pairs ended with bullish bias last week, and this is expected to continue. EURUSD: On Friday, this pair closed at 1.3381, in a bullish mode. There is still much room for the price to continue going upwards; possibly touching the resistance line of 1.3450 – even breaching it to the upside. For this […]
23 Aug 2013 @ 23:51
I can still remember when “Casual Friday” became all the rage. (You youngsters thought there was always a “Casual Friday,” didn’t you?) I know of one company where the “Casual Friday” expanded to five working days, so they instituted a “Tie Tuesday.” I got to thinking this morning that today might be an ideal day […]
23 Aug 2013 @ 22:05
Daily chart: The USDJPY broke the resistance at the 98.25 level and now, this is trying to climb to the resistance at the 99.81 level. It is very likely that this bullish trend continue next week, because of the strength he has shown this pair in recent days due to the weakness of the yen […]
23 Aug 2013 @ 21:45
Pound Sterling The Pound spent most of the week higher against its major peers and on Monday it continued to ride higher against the US Dollar and Euro thanks to last week’s positive economic data releases. House price data released in the afternoon showed that prices had fallen for the first time in six-months in […]
23 Aug 2013 @ 01:43
Daily chart: The GBPUSD found strong resistance at the 1.5642 level. It is very likely that this pair fall to support at the 1.5506 level, but we must be careful, because this fall could be the formation of a lower high pattern, to continue strengthening the current trend bullish. However, if this pair managed to […]
23 Aug 2013 @ 01:42
Daily chart: The USDX is breaking the resistance at the 81.50 level and this continues to respect the bullish trend line. It is very likely that the USDX rises to the 200 day moving average near the 81.85 level. On the other hand, it’s likely to fall back to bullish trend line. However, the USDX […]
22 Aug 2013 @ 23:56
What is it about the U.S. Federal Reserve Bank that makes the Forex system flutter like a young girls eyelashes when a good looking young man passes by? I’m no Forex expert (thank you for reading anyway), but this monthly encounter between the world and Ben Bernanke is a lot like young love. It has […]
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