On Wednesday Dollar/Yen traded within narrow almost 40 pip range. The currency couple depreciated from 80.55 to 80.18 yesterday, not matching the negative money flow sentiment at under -11%, closing the day at 80.31. This morning the Dollar is trading quietly against the Yen, with movements within yesterday’s range for now.
Technical Analysis
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Quiet USD/JPY And Within Yesterday’s Narrow Range
May 17, 2012 By
Forex Technical Analysis
May 17, 2012 By
The minor rebound above 1.2680 forms a consolidation pattern, preceding next leg downwards, for a tight test of 1.2624 low. Initial intraday resistance is projected at 1.2758 and major hurdle on the upside is the static one at 1.2815. My outlook is negative, for a slide towards 1.2630.
Technical Analysis
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GBP/USD Still Weak, Downtrend Held By 1.5888 Support For Now
May 17, 2012 By
On Wednesday Pound/Dollar continued decreasing with almost 105 pips. The Cable depreciated from 1.5994 to 1.5888 yesterday, in line with the negative money flow sentiment at bellow -7%, closing the day at 1.5907. Today the British Pound is pulling slightly down again, with movements, however, at the lower end of
Technical Analysis
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Daily FX Report
May 17, 2012 By
The German Finance Minister Wolfgang Schaeuble said the Greek people and the nation’s future government would have to decide whether they are prepared to accept the bailout conditions. It is not easy to solve Greece’s problem, but if Greece wants to stay in the euro must that requires that Greece
Technical Analysis
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EUR/USD Bounces, But Greece Fears Remain
May 17, 2012 By
On Wednesday Euro/Dollar traded within 80 pip range. The European currency appreciated from 1.2680 to 1.2759 yesterday, not matching the negative money flow sentiment at nearly -11%, closing the day at 1.2713. This morning the Euro is trading quietly, with movements at the upper end of yesterday’s range for now.
Technical Analysis
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Forex and Dow Jones Recommended Levels
May 17, 2012 By
EUR/USD Today’s support: 1.2693(main), where correction is possible. Break would give 1.2676, where correction also may be. Then follows 1.2653. Break of the latter would result in 1.2628. If a strong impulse, we would see 1.2605. Continuation will give 1.2582.
Technical Analysis
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Daily Technical Analysis
May 16, 2012 By
The EURUSD continued its strong bearish momentum yesterday, bottomed at 1.2721 and closed at 1.2723. There are no changes in my technical outlook. The bias remains bearish in nearest term testing 1.2625 region. Immediate resistance is seen around 1.2800/15. A clear break above that area could lead price to neutral
Technical Analysis
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Daily FX Report
May 16, 2012 By
The Greece’s decision to return to the election box in the search for a government caused a dangerous new phase in Europe’s debt crisis, Wolfgang Schaeuble the German Finance Minister calling the vote a referendum on whether the country stays in the euro. The country will run out of cash
Technical Analysis
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Daily FX Report
May 16, 2012 By
The Greece’s decision to return to the election box in the search for a government caused a dangerous new phase in Europe’s debt crisis, Wolfgang Schaeuble the German Finance Minister calling the vote a referendum on whether the country stays in the euro. The country will run out of cash
Technical Analysis
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Foreign Exchange Market Commentary
The EURO closed lower on Wednesday and the lowrange close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI remain bearish signalling that sideways to lower prices are possible nearterm. If it extends the aforementioned decline, January’s low crossing is the next downside target.
Technical Analysis
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