Technical Analysis

Anytime we get above forecast and above 200K employment change and decline in unemployment, we get welcoming sign for the US economy. Risk appetite usually leads to pressure for the USD. Indeed we saw that against the commodity currencies like USD/CAD, AUD/USD and NZD/USD where dollar weakness was apparent right

Technical Analysis

With yesterday's test of 1.3090 support area the consolidation pattern below 1.3218 can be considered as complete and my outlook is bullish, for a break through 1.3192, towards 1.3230, en route to 1.3360.

Technical Analysis

On Thursday Dollar/Yen continued trading within even narrower 10 pip range. The currency couple appreciated from 76.04 to 76.25 yesterday, matching the neutral Interbank sentiment at over +1%, closing the day at 76.20. This morning the Dollar is trading quietly against the Yen, and within yesterday's range for now. On

Technical Analysis

GBPUSD: Although GBP backed off higher prices to close lower on Thursday, we continue to maintain our upside outlook. This suggests that GBP should eventually return above the 1.5882/5 level. This will pave the way for further strength towards the 1.6074 level, its Nov’2011 high. Its daily RSI is bullish

Technical Analysis

On Thursday Pound/Dollar decreased insignificantly with 65 pips. The Cable depreciated from 1.5859 to 1.5794 yesterday, in converse with the positive Interbank sentiment at above +54%, closing the day at 1.5802. Today the British Pound weakened slightly further, reaching 1.5784. On the 1 hour chart the upward channel looks good,

Technical Analysis

Upward correction is expected to end in the nearest future, since the pair is approaching an impenetrable for now resistance located at 1.3250. This in turn implies a sell off down to 1.3000 en route to a lower level at 1.2930.

Technical Analysis

The near-term price action remains in sideways mode, narrowing the range and forming an hourly triangle, after repeated upside rejections at 1.3200 zone, also daily Ichimoku cloud base. Array of supports lie at 1.3120, triangle support; 1.3084, yesterday’s low and the most significant 1.3025/00, range floor daily 20 day

Technical Analysis

The EURUSD was indecisive yesterday. Price has been moving sideways this week but overall still in a bullish phase after bounced from 1.2625 and broke above the trend line resistance (white) as you can see on my h4 chart below. The bias is neutral in nearest term. Immediate support is

Technical Analysis

The potential bearish classical pattern discussed earlier remains valid while the pair is gradually approaching its neckline as seen on the provided graph. SMA 50-colored in red- becomes closer and is valued at 1.3110 where a break of which will weaken the neckline of the pattern. MACD traditional is definitely

Technical Analysis

EURUSD trading was mixed Thursday with the initial dip bought but the subsequent rally rejected, resulting in little net change for the day. But price action from Friday’s high of 1.3235 to Wednesday’s low of 1.3026, has formed a consolidating expanding wedge. This formation has a bias to break to

Technical Analysis

The SMA 50 supports the pair strongly, where the pair is still trading within the ascending channel shown above, while Stochastic is positive over 4-hour basis. Therefore, we still expect an intraday upside move today, targeting mainly 122.25; however, consolidation above 119.90 is required.

Technical Analysis

Economists have the opinion that Greece may stay permitted with too much debt, too little economic growth and too large a budget hole to do without yet more aid that euro nations led by Germany are less and less to offer. This means deeper spending cuts required for extra loans

Technical Analysis

Euro 1.3145 Initial support at 1.3000 (Big Figure Support) followed by 1.2931 (Jan25 low). Initial resistance is now located at 1.3244 (38.2% retrace of 1.4247-1.2624) followed by 1.3386 (Dec 12 high)

Technical Analysis

On Thursday Euro/Dollar decreased with 110 pips. The European currency depreciated from 1.3197 to 1.3084 yesterday, not matching the positive Interbank sentiment projection at almost +18%, closing the day at 1.3143. This morning the Euro is trading quietly, and within yesterday's range for now. On the 1 hour chart the

Technical Analysis

EUR/USD Today's support: - 1.3083, 1.3038, 1.3002 and 1.2974(main), where correction is possible. Break would give 1.2949, where correction also may be. Then follows 1.2907. Break of the latter would result in 1.2874. If a strong impulse, we would see 1.2857. Continuation will give 1.2831.

Technical Analysis

The EURO closed lower on Thursday and the midrange close sets the stage for a steady opening on Friday. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible nearterm. If it extends this month's rally, the 38% retracement level of the aforementioned decline

Technical Analysis

This week has seen sideways consolidation so far and this sideways range is expected to be retained until the important US NFP data release which is due today. All the Currecies are trading sideways except for the Cable (1.5813) and Aussie (1.0696) which has seen a strong rally against the

Technical Analysis

A drift lower yesterday but stalling above the 76.02 low and from there a modestly firmer move higher that looks pretty much as if we'll see price recycle to the 76.35-42 area again. From there the next move lower to 75.55-76 should develop.

Technical Analysis

AUD/USD toed the line over the European and US session but if it weren't for better than expected Australian Trade Balance numbers the price action of the AUD would have been very boring. The better Trade numbers saw the price move quickly from the Asia opening price of 1.0705 to

Technical Analysis

The EUR/USD failed at another attempt to rally above 1.32 in the 2/1 Us session, and fell through the Asian-European session until it came to attack the 1.31 handle. This was also where the 200 hour simple moving average was, and the RSI reading was at 40. These conditions that