Search Results for: HP
GBP/USD headed towards up-trend support
May 15th, 2014
Pair’s Outlook None of the nearest supports were able to negate the bearish momentum yesterday. Consequently, we are now left only with 1.6736/26 (55-day SMA and up-trend line) that may prevent further sell-off and thus keep GBP/USD within the ...
EUR/USD faces 200-day SMA
May 15th, 2014
Pair’s Outlook After a precipitous decline EUR/USD now finds itself trapped between two strong levels. From above the currency pair is capped by a combination of the up-trend line and 100-day SMA. From below the price is underpinned by ...
Stocks: In need of a break?
May 14th, 2014
Wall Street might need a break. The past few days have seen investors push stock markets to all-time highs, but it looks like the pace could slow Wednesday. U.S. stock futures were barely moving ahead of the opening bell, ...
IRS said to make $13B in improper refunds
May 14th, 2014
The U.S. government doled out more than $13 billion last year in improper payments of a tax credit meant to help the working poor, according to a government watchdog. One of the country’s largest cash assistance programs, the so-called ...
USD/JPY stops ahead of 100-day SMA
May 14th, 2014
Pair’s Outlook USD/JPY is struggling to pass through the formidable resistance at 102.38/16, which is required for a bullish outlook to be confirmed. However, the task is a difficult one, being that this supply zone consists of the major ...
GBP/USD remains bearish
May 14th, 2014
Pair’s Outlook As the Cable failed to rise above the weekly PP yesterday, it extended the decline from 1.70, closing in the end near the weekly S1 and monthly PP. If this area does not provide enough support, then ...
EUR/USD breaks out of rising wedge
May 14th, 2014
Pair’s Outlook Despite the toughness of the support at 1.3754/25 (it was formed by the 100-day SMA, long-term up-trend and monthly S1) and the majority of the monthly indicators being bullish, EUR/USD preserved a downward momentum and breached the ...
USD/JPY probes 102.40/19
May 13th, 2014
Pair’s Outlook USD/JPY is currently trying to restore its bullish outlook by gaining a foothold above 102.40/19, which consists of the long-term up-trend and 55 and 100-day SMAs. If this is the case, the U.S. Dollar will be set ...
EUR/USD stalls near 100-day SMA
May 13th, 2014
Pair’s Outlook EUR/USD remains completely motionless after hitting the support at 1.3753/25. Given that this demand area is formed by the 100-day SMA, monthly S1 and the major up-trend, the currency pair is unlikely to move lower in the ...
USD/CHF overcomes key resistance
May 12th, 2014
Pair’s Outlook USD/CHF has just broken out of the falling wedge pattern, meaning the outlook on the currency pair is now strongly bullish, even though the weekly and monthly indicators are giving ‘sell’ signals. Nevertheless, we should not forget ...
