GBP is sitting on its double bottom pattern breakout point now confirmed on the daily chart. The pattern is an outcome of its medium term weakness initiated from the 1.7041 level. That decline halted at the 1.4782 level on Mar...
Read MoreEURJPY: Weakens, Targets Lower Prices EURJPY- The cross is now following through to the downside on the back of its Thursday weakness and looks to head even further lower after invalidating the 131.24 level in early trading...
Read MoreEURUSD: Long Term Trendline Continues To Provide Support. EURUSD- Although a rejection candle was printed at the end of the week after the pair failed at the 1.5047 level, as long as EUR holds above the 1.4844 level and...
Read MoreGBPUSD: Halts Downside Pressure, Strengthens GBPUSD- GBP held off lower prices on Thursday after testing a low of 1.6514 before closing marginally higher at the end of the session. Though immediate downside pressure has not...
Read MoreEURGBP : Loss Of The 0.9076 Level Highlights The 0.8983 Level EURGBP: With a decisive break of the cross’s strong support residing at its Sept 30’09 low at 0.9076, risk of further declines towards the 0.8983 level, its Sept...
Read MoreAUDUSD: Clears The 0.8950/0.9000 Levels. AUDUSD- Building on its Wednesday momentum, AUDUSD broke higher today through its key resistance levels at the 0.8950 and 0.9000 levels. Maintaining and closing above these levels will...
Read MoreEURUSD: Hitting Further Higher Prices With Attention On The 1.4719 Level EURUSD: Following its intra day reversal of losses to close higher at 1.4669 on Tuesday, EUR was seen following through on those gains in early morning...
Read MoreGOLD: Recovery triggered off the 681.43 level, its Oct 19’09 low remains alive as Gold continues to break high keeping upside pressure on its Feb 15’09 high at 1,005.98. While the commodity maintains above its medium term...
Read MoreEURUSD: Loss Of Momentum Drives EUR Sharply Lower- EUR continues to tumble following through lower on its Tuesday weakness and cutting through its minor support to test a low of 1.4014 today. This new wave of weakness has halted...
Read MoreGOLD: Bias Still Remains Higher Nearer Term. GOLD (Futures): The metal closed higher for the second consecutive week breaking and closing above its July 15’09 high at 941.85 the past week. Although a look at the daily chart may...
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