The negativity appearing through stochastic is affecting the pair pushing to find strong resistance around critical levels, highlighted in yesterday’s reports around 1.3860. The indicator is currently riding of negative momentum, which makes us witness some fluctuation and slant to resume some bearish movement before heading towards continuing the expected
Technical Analysis for Major Currencies
March - 1 - 2011
Technical Analysis for Major Currencies
March - 1 - 2011
The negativity appearing through stochastic is affecting the pair pushing to find strong resistance around critical levels, highlighted in yesterday’s reports around 1.3860. The indicator is currently riding of negative momentum, which makes us witness some fluctuation and slant to resume some bearish movement before heading towards continuing the expected
Technical Analysis for Crosses
March - 1 - 2011
The pair continued its upside correction of the entire downside rally, occurred in the previous week. The same negative signs of the bigger picture remain intact as it is still stable below SMA 50; whilst OsMA and Stochastic are still negative. Having a look at the current correction, we will
Technical Analysis for Crosses
March - 1 - 2011
The pair continued its upside correction of the entire downside rally, occurred in the previous week. The same negative signs of the bigger picture remain intact as it is still stable below SMA 50; whilst OsMA and Stochastic are still negative. Having a look at the current correction, we will
Trade Idea: USD/CHF – Sell at 0.9390
March - 1 - 2011
As the greenback has rebounded after holding above last week’s low at 0.9229, retaining our view that further consolidation would take place and mild upside bias is seen for retracement to 0.9375/80 (38.2% Fibonacci retracement of 0.9506 to 0.9229) but renewed selling interest should emerge below resistance at 0.9392, bring another decline later.
Asian Market Update
March - 1 - 2011
Heavy economic session in Asia today across all markets, starting with Australia AIG performance of Manufacturing at 51.1, the first expansion reading in 6-months. Retail sales also came in higher than expected at 0.4% which was a 3-month high. Currency action in the session was fairly muted with the exception
Trade Idea: GBP/USD – Buy again at 1.6200
March - 1 - 2011
Yesterday’s anticipated rally and the breach of resistance at 1.6275-79 signals recent upmove has resumed and a retest of previous chart resistance at 1.6300 would be seen, however, break there is needed to retain bullishness and extend further gain towards 1.6350 but reckon 1.6390/00 would hold from here, bring minor