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EUR/USD tests major support at 1.3751/25
May 12th, 2014
Pair’s Outlook Last week the currency pair plunged through a series of significant supports, such as the monthly PP and 55-day SMA. Now the bearish momentum faces an even greater obstacle, represented by the 100-day SMA, monthly S1 and, ...
USD/JPY consolidates at 101.62
May 9th, 2014
Pair’s Outlook While the 200-day SMA is still not letting USD/JPY to step any lower, it is also failing to rekindle interest of the market in the pair. Still, there is a chance that eventually the bulls are going ...
GBP/USD extend bearish correction
May 9th, 2014
Pair’s Outlook GBP/USD remains bearish after hitting 2009’s peak, even though the technical indicators are mostly pointing upwards at the moment. The Cable may find support at 1.6858/48, which is created by the weekly PP and 20-day SMA. However, ...
EUR/USD bounced off 1.3958
May 9th, 2014
Pair’s Outlook Soon after touching upon the up-trend resistance and monthly R1 at 1.3958 EUR/USD came under strong selling pressure, which returned the currency pair back below 1.39. Now the exchange rate is attempting to stabilise at 1.3845/29 (weekly ...
Euro Drops From 2 1/2-Year High as Draghi Hints at June Action
May 8th, 2014
The euro weakened from a 2 1/2-year high against the dollar as European Central Bank President Mario Draghi said policy makers were comfortable with taking additional policy action in June if needed. The common currency dropped versus all except ...
USD/JPY underpinned by 200-day SMA
May 8th, 2014
Pair’s Outlook As many of the supports have already given up, it is now 200-day SMA’s task to revive a bullish momentum of USD/JPY. For now the moving average seems to be successful at keeping the exchange rate afloat. ...
GBP/USD confirms tough resistance at 1.70
May 8th, 2014
Pair’s Outlook Judging by the currency pair’s behaviour near 1.70 yesterday, the resistance created by the 2009 highs and monthly R1 will be difficult to breach. But if the Pound continues to appreciate despite this supply area, the next ...
EUR/USD turned around ahead of up-trend resistance
May 8th, 2014
Pair’s Outlook After approaching the up-trend resistance line and monthly R1 level at 1.3958, EUR/USD turned around and closed beneath the weekly R1. Nevertheless, most of the technical indicators are pointing north, implying that the bulls are going to ...
GBP/USD records 100+ pip rally
May 7th, 2014
Pair’s Outlook Despite the different directions implied by the various technical indicators, GBP/USD soared through the nearest resistances and reached the 2009 highs at 1.70. Since this level is likely to be a tough obstacle (reinforced by the monthly ...
EUR/USD breaks major resistance at 1.39
May 7th, 2014
Pair’s Outlook Instead of declining from 1.39, a multi-year down-trend, the Euro notably appreciated, as was suggested by the technical indicators. Considering that the signals remain strongly positive, the rally may extend further, at least up to the rising ...
