EUR / USD ‘s decline Continued last week and reached as low as the first 2697th Initial bias remains on the downside this week for 100% projection of the first 4939 to 1. 3145 from the first 4246 at the first 2452 next. On the upside, above the first 2814 Will Turner bias neutral and bring consolidation. But Recovery Should be limited Below the first 3076 resistance and bring resumption cases.
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EUR / USD ‘s decline Continued last week and reached as low as the first 2697th Initial bias remains on the downside this week for 100% projection of the first 4939 to 1. 3145 from the first 4246 at the first 2452 next. On the upside, above the first 2814 Will Turner bias neutral and bring consolidation. But Recovery Should be limited Below the first 3076 resistance and bring resumption cases.
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EUR / USD ‘s decline Continued last week and reached as low as the first 2697th Initial bias remains on the downside this week for 100% projection of the first 4939 to 1. 3145 from the first 4246 at the first 2452 next. On the upside, above the first 2814 Will Turner bias neutral and bring consolidation. But Recovery Should be limited Below the first 3076 resistance and bring resumption cases.
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Over the past few months USD / CAD hock made one head fake after another, however it Appears the 3 + month Consolidation May Be Coming to an end over the next few days / weeks. There HAS been a tug-of-war between bulls and bears as the European Sovereign Debt Crisis Continues to REMAIN in
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GBP / USD broke a week-long bullish channel on January 5th The pair saw a steep decline and hadeeth consolidated into a bear flag pattern Which is best seen on the hourly candlestick charts. The hourly RSI indicator remains in a downward trend as seen in the Chart Below. FOLLOWING the U.S.
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GBP / USD broke a week-long bullish channel on January 5th The pair saw a steep decline and hadeeth consolidated into a bear flag pattern Which is best seen on the hourly candlestick charts. The hourly RSI indicator remains in a downward trend as seen in the Chart Below. FOLLOWING the U.S.
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Recent low at 100th 77 speed Been finally penetrated, confirming our bearish view That wave iii is still in progress and indicated downside target at the 100th 29 (50% projection of the 123rd 33-100. 77 measuring from the 111th 57), 100. 00 and 99th 00 HAD all Been system, as price is still under pressure, bearishness remains for medium term
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AUD / USD Fell morethan 1% to as low as the first 0230 overnight after trading as high as the first 0375 yesterday. As We had expected the currency failed to hold at Lofty Levels Towards the first 0400 and was helped lower note only by the plummeting EUR but the worse than expected trade balance figures
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Bringing together the very strong positive surprise in the ADP Employment Change figure, a downward trend in jobless claims, a better Employment Reading From The ISM manufacturing index, and a ratherkool steady reading from the Employment sub-gauge in the ISM Services Index Come to The Conclusion That the consensus
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The Market Followed through with a break of consolidation to the downside During the U.S. session 01/04/2012 and 05/01/2012 Into the European trading session. This slide broke Below The 2011 low Established in December at about the first 2860th The next psychological support in the near-term Could be at first 28th However the
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