Search Results for: traders
Technical Analysis GBP/USD is looking for support at 1.7042
July 22nd, 2014
Pair’s Outlook The resistance at 1.74 remains a viable target, given the signals of the monthly technical indicators (four are bullish and four are neutral). However, the support at 1.7042 (2009 high) has to prevent further development of the ...
Technical Analysis USD/JPY continues to advance
July 22nd, 2014
Pair’s Outlook USD/JPY is currently moving away from its key support. If this bullish tendency is preserved, the pair is going to re-visit a tough supply area at 101.83/73 in the nearest future, which has recently prevented a rally ...
Technical Analysis USD/CHF stalls at monthly R1
July 22nd, 2014
Pair’s Outlook At the moment USD/CHF is standing still below the monthly R1 and the resistance line at 0.90. Considering the previous experience at this level and the ‘sell’ signals of the monthly technical studies, the risks are most ...
Asian shares push higher, shrug off global tension
July 22nd, 2014
Asian stocks touched a three-year peak on Tuesday, despite lingering concerns about crises in Ukraine and Gaza, while the yen eased against the dollar and the euro. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.5 percent to ...
UK Serious Fraud Office to launch forex market manipulation probe
July 21st, 2014
The UK’s Serious Fraud Office (SFO) is reportedly planning to launch the criminal investigation into alleged manipulation of the $5.3trn-a-day foreign-exchange (forex) market. Unnamed sources with the knowledge of matter were quoted by The Financial Times as saying that ...
Asia stocks mostly higher, optimistic on U.S. earnings
July 21st, 2014
Most Asian stock markets edged higher on Monday as investors set aside geopolitical concerns for the moment to focus on the generally upbeat flow of U.S. corporate earnings ahead of a host of results due this week. Volumes were ...
Technical Analysis USD/JPY’s bullish outlook relies on 101
July 21st, 2014
Pair’s Outlook Abundance of various resistances between 101.50 and 102.50 is not letting USD/JPY to regain its bullish momentum. For now the support at 101 copes with the downward pressure, but a breach of this level could potentially entail ...
Technical Analysis GBP/USD grinds lower
July 21st, 2014
Pair’s Outlook There are less and less arguments in favour of a rally. First, the currency pair has been failing to make any meaningful progress for the last three weeks. Second, there is a decreasing number of technical indicators ...
Technical Analysis USD/CHF capped by 0.90
July 21st, 2014
Pair’s Outlook USD/CHF made a good attempt to break the resistance at 0.90 on Friday, but in the end it was unable to advance further. As a result, the downside risks substantially increased. The rate is now expected to ...
Technical Analysis EUR/USD faces strong demand at 1.35
July 21st, 2014
Pair’s Outlook Last week, despite the pair breaching a long-term down-trend, the bulls successfully defended the key level at 1.35, thus prodding EUR/USD to return to the monthly S1. However, given the number and density of the supply lying ...
