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admin — Tue, 16 Nov 2010 05:24:01 +0000

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Forex and Dow Jones Recommended Levels

admin — Wed, 08 Feb 2012 07:26:15 +0000

EUR/USD Today's support: - 1.3179 and 1.3148(main), where correction is possible. Break would give 1.3115, where correction also may be. Then follows 1.3084. Break of the latter would result in 1.3050. If a strong impulse, we would see 1.3038. Continuation will give 1.3002 and 1.2974.

EURUSD – Bullish Above 1.3233

admin — Wed, 08 Feb 2012 07:17:42 +0000

The initial EURUSD dip Tuesday was bought with follow-through bullish momentum resulting in EURUSD breaking the trend line of lower daily highs and trading above 1.3241, 38% recovery of losses from Oct to Jan (1.4248-1.2621).

Forex Technical Update

admin — Wed, 08 Feb 2012 06:34:52 +0000

EUR: Euro is currently trading at 1.3248 levels. Euro is positive on Investors speculation that somehow Greece will avert default and will strike a deal with its private Investors although ground reality as for now is very different and Greek parties will try yet again today to strike a reform

EUR/USD Lifts On Greek Debt Resolution Hopes

admin — Wed, 08 Feb 2012 06:30:00 +0000

On Tuesday Euro/Dollar increased with 180 pips on Greek debt resolution hopes. The European currency appreciated from 1.3088 to 1.3270 yesterday, matching the positive Interbank sentiment projection at almost +6%, closing the day at 1.3259. This morning the Euro is trading quietly, moving at the upper side of yesterday's range

Market Morning Briefing

admin — Wed, 08 Feb 2012 04:31:39 +0000

Positive hopes on the Greek debt deal and the surprise move by the RBA to leave the interest rates unchanged has given a beating to the Dollar. The Euro (1.3254) has broken its 1.3000-3200 sideways range on the upside and could now test its 21-Week-MA Resistance which is currently at

Foreign Exchange Market Commentary

admin — Wed, 08 Feb 2012 02:50:47 +0000

The EURO closed higher on Tuesday and above the 38% retracement level of the OctoberJanuary decline crossing. The highrange close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible nearterm. If it

Daily Forex Update: USD/NOK

admin — Wed, 08 Feb 2012 02:28:39 +0000

USD/NOK has recently completed the Clear Descending Triangle chart pattern identified by Autochartist on the 4-hour charts. The overall Quality of this chart pattern is measured at the 7 bar level as a result of the average Initial Trend (rated at the 5 bar level), higher Uniformity (6 bars) and

The Daily Wave Analysis

admin — Wed, 08 Feb 2012 02:26:47 +0000

Meanwhile the price moves in line with expectations. Supposedly, formation of the impulse (iii) of [iii] has begun . If this assumption is correct, in line with its development we can expect continuation of the upward price movement

EUR/CHF – The SNB Steps Up Their Rhetoric

admin — Wed, 08 Feb 2012 02:15:56 +0000

On January 26th I contemplated 'is it time to jump in ahead of the SNB?', citing rumors of SNB bidding as well as a potential bullish technical setup. Moreover, it was in-line with our Q1 outlook 'we believe such a move towards 1.2000/50 could be an opportunity to establish a