Price action on GBP/USD, a daily chart of which is shown, has consolidated in a flag-like (inverted) pattern after a period of steep bearishness within the past several weeks. This occurs within the context of an overall downtrend for the pair. The upper bounds of the inverted flag consolidation reside
Chart of The Day: GBP/USD
May - 25 - 2010
Chart of The Day: GBP/USD
May - 25 - 2010
Price action on GBP/USD, a daily chart of which is shown, has consolidated in a flag-like (inverted) pattern after a period of steep bearishness within the past several weeks. This occurs within the context of an overall downtrend for the pair. The upper bounds of the inverted flag consolidation reside
EUR/USD May Continue Pressing Lower to 1.2130; Risk Assessment
May - 25 - 2010
15min: Yesterday’s “EUR/USD Falling Towards 1.2240″ outlook was confirmed. The market actually continued lower to 1.2180 before finding support. Now as we stalk the correction coming out of the 1.2180 support, we see a possible ab=cd retracement pattern completing near 1.2250. The RSI is creating a negative reversal, and in
EUR/USD May Continue Pressing Lower to 1.2130; Risk Assessment
May - 25 - 2010
15min: Yesterday’s “EUR/USD Falling Towards 1.2240″ outlook was confirmed. The market actually continued lower to 1.2180 before finding support. Now as we stalk the correction coming out of the 1.2180 support, we see a possible ab=cd retracement pattern completing near 1.2250. The RSI is creating a negative reversal, and in
Forex Technical Update
May - 25 - 2010
The EURUSD is currently trading at 1.2304, the correction seems to be over. It has already reached 1.26 levels (refer Thursday’s view). We had advised exporters to cover at 1.30 levels for medium term (few days back update). Importers hold for covers. Bearish-target 1.2000 & below . (EURUSD – 1.2304).
Forex Technical Update
May - 25 - 2010
The EURUSD is currently trading at 1.2304, the correction seems to be over. It has already reached 1.26 levels (refer Thursday’s view). We had advised exporters to cover at 1.30 levels for medium term (few days back update). Importers hold for covers. Bearish-target 1.2000 & below . (EURUSD – 1.2304).
Daily FX Report
May - 25 - 2010
The EUR weakened versus the USD and is erasing the most of its last week advance on speculation, that the European financial institutions face the prospect of losses from Greek debt holding, after regulators seized a Spanish bank. The USD strengthened as much as 1.8% and traded at 1.2346 versus
Daily FX Report
May - 25 - 2010
The EUR weakened versus the USD and is erasing the most of its last week advance on speculation, that the European financial institutions face the prospect of losses from Greek debt holding, after regulators seized a Spanish bank. The USD strengthened as much as 1.8% and traded at 1.2346 versus