Posts Tagged ‘Remains’
USDCHF remains in uptrend from 0.8569, the fall from 0.9148 is likely consolidation of uptrend. Support is now at the lower border of the price channel on 4-hour chart, as long as the channel support holds, uptrend could be expected to resume, and another rise towards 0.9314 previous high is still possible. However, a clear [...]
Quote of the day: “It is hard to fight an enemy who has outposts in your head.” ~ Sally Kempton Good morning. The dollar pulled back across the board but remains bullish against some of its major counterparts such as EUR, GBP, AUD etc. Today’s Calendar is lighter if we don’t count the imminent end of the [...]
Quote of the day:“What you risk reveals what you value.” ~ Jeanette Winterson Good morning. Choppy trade is still the main theme as indecisions, rumors, nonsense and random good or bad news rule supreme these days – ahead of the two summits on Europe’s debt crisis. Looking at some of the most important currencies, one might [...]
USDCHF remains in downtrend from 0.9314, and the fall extended to as low as 0.8881. Deeper decline is still possible after a minor consolidation, and next target would be at 0.8800 area. On the upside, a break above 0.9040 resistance will suggest that a cycle bottom had been formed at 0.8881 on 4-hour chart, then [...]
Quote of the day: “Free advice is worth the price.” ~ Robert Half Good morning. Things are getting uglier for the euro on more sovereign default worries. European and IMF experts return to Athens this week for a fiscal audit in order to decide whether Greece can dodge default. German Ifo Business Climate is the main [...]
USDCAD remains in uptrend from 0.9725, the fall from 1.0025 is treated as consolidation of uptrend. Support is at the rising trend line on 4-hour chart, as long as the trend line support holds, uptrend could be expected to resume, and another rise towards 1.0200 is still possible. However, a clear break below the trend [...]
USDJPY remains in uptrend from 79.69, the price action from 81.26 is treated as consolidation of uptrend. Support is at the uptrend line on 4-hour chart, as long as the trend line support holds, we’d expect uptrend to resume, and one more rise to 81.60-81.80 area is still possible. However, a clear break below the [...]
USDJPY remains in short term uptrend from 79.69. The price action from 81.26 is treated as consolidation of uptrend. Key support is at the uptrend line on 4-hour chart, as long as the trend line support holds, uptrend could be expected to continue, and next target would be at 81.60-81.80 area. Only a clear break [...]
Quote of the day: “When a man tells you that he got rich through hard work, ask him: ‘Whose?’ ” - Don Marquis
EURUSD – 1.4236 @06:45 GMT
Good morning. There’s a nice daily pin bar formed yesterday on the daily charts, as the euro recovered on news that Greece agreed to a five-year austerity package with EU and [...]
Quote of the day:“Nothing is as simple as we hope it will be.” - Jim Horning
EURUSD – 1.4429 @06:46 GMT
Good morning. The euro recovered from 1.4330 where support was found but current recovery looks corrective and the pair may continue to fall on Greek worries. Intraday resistance is being tested at 1.4430/50 at time of writing, [...]
