Collapses Through The 1.3330 Level. EURUSD- EUR’s corrective pullbacks following its recent sharp rally witnessed a price collapse below its key support at the 1.3330 level, its Jan 27’09 high/range top the past...
Read MoreEURSD: Double Bottom Pattern To Trigger Medium Downside Reversal. The last two weeks has seen EUR failing ahead of its bigger support printed in Oct’08 at 1.2330.It later reversed sharply higher through its key overhead...
Read MoreEURJPY: Breaks Out Of A Five-Month Range. EURJPY: The cross surged higher Tuesday breaking through its five months broader range top at 131.06 and its Oct 10’08 high at 132.23 to close higher at 132.44.It was seen...
Read MoreLooking To Follow Through To The Upside.WHEAT (Futures): While Wheat closed higher the past week, its counterpart Corn is holding up better as it shows more strength. In that case, the commodity has some catch up to do in the...
Read MoreOut Of The Range With Potential For A Run At The 1.3857/82 Level. EURUSD- A sharp rally through the 1.3330 level, its Jan 27’09 high/range top saw EUR follow through on its morning star(bottom reversal signal) formation...
Read MoreAUDUSD: Pressure Remains To The Upside. AUDUSD: A sharp rally on Wednesday put the pair on another day of a positive close which now opens up upside risk towards its Feb 09’09 high at 0.6850.On a convincing break and hold...
Read MoreUSDJPY: Biased To The Upside. USDJPY: The pair could be heading to a third day of upside gains having maintained its recovery following its lower level rejection candle printed last week. Successfully pushing through its minor...
Read MoreEURUSD: Faces The 1.2992 Level, Prints A Morning Star Candle Pattern. EURUSD- Continued failure ahead of the 1.2514 level, its swing low established on Feb 18’09 and the 1.2456 level, its Mar 04’09 high generated a...
Read MorePotential For Corrective Pullback Bottom Seen.GOLD (Futures): Although a negative weekly close was recorded the past week, three days of upside gains saw the commodity gain strength between Wednesday and Friday closing the week...
Read MoreEURUSD: Price Follow Through Aims At The 1.2992 Level And Afar. EURUSD: EUR continues to strengthen its recovery started at the 1.2456 level, its Mar 04’09 low breaking higher and trading to as high as 1.2936 before...
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