EUR/GBP fell on Friday as the parabolic run over the last several sessions finally took a break. The 0.85 level contained the rally as we anticipated, and now the real question is going to be if the 0.84 gets retested as support. The trend is still down, and now we have to decide if the [...]
The USD/JPY pair fell during the session on Monday as the market took a little bit of a break from the massive surge upward. The pair fell back down to the 80 area, and then bounced. The 80 level is very important to the pair in order to continue to see the upward momentum take [...]
LONDON, February 24, 2012 /PRNewswire via COMTEX/ – One of the more utilized means of analysing and making trades on the Forex market is through technical analysis. [...]
Light Sweet Crude continued to rally during the Thursday session as the Iranian tensions continue to weigh upon the concerns of traders everywhere. The $105 level was a massive resistance area that we had to overcome in order to continue the bullish move. The level is nothing but a distant memory now, and the [...]
LONDON, February 24, 2012 — /PRNewswire/ – One of the more utilized means of analysing and making trades on the Forex market is through technical analysis. Forex Trading is one of the most widely traded markets in the world while all the major currencies typically trade against the US Dollar (USD). As one of the [...]
In a somewhat surprising move, the Franc appreciated during the Thursday session. The pair has a massive support zone between 0.91 and 0.90, and it has fallen towards the bottom of this area at the end of the Thursday session. The level should be fairly supportive, but as long as the EUR/CHF pair remains [...]
Like us on Facebook The breaking of the highs from Thursday should lead to the 1.08 level, and it is there that we will see the real struggle start. The daily close above that level will signal a bigger move up for the bulls, and this is something we fully expect to happen before [...]
Light Sweet Crude had virtually unchanged in value by the end of the Wednesday session. The recent breakout above the $105 resistance level has kicked off the next leg up in this market, but it looks like a pullback could be coming to allow more buyers to step into the arena that may have originally [...]
The USD/JPY continued to grind away just under the all-important 80 level on Tuesday as traders try to challenge one of the most obvious points of resistance on any chart in the Forex markets presently. The move recently has been parabolic, and as a result there needs to at least be a consolidation area, if [...]
By FX Empire.com EUR/USD Technical Analysis for February 22, 2012 EUR/USD rose initially on Tuesday after the news came out that the EU Finance Ministers voted to bail out the Greeks for the second time in three years. The markets expressed relief in the form of Euro purchasing, and as a result we saw this [...]