Continues Archive

  • EUR/JPY Bullishness Continues

    EUR/JPY Bullishness Continues

    The euro is off to good start this month. The euro yen has a rally that has formed an upward channel. Our 4 hour chart shows that price action continues to trade above both our 200 and 100 day simple moving averages. If no news...

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  • EURGBP: Risk Continues To Point Higher

    EURGBP: Risk Continues To Point Higher

    Continued strength saw the cross rallying strongly on Tuesday and increasing risk of a move higher towards its Jun 20’10 high at 0.8384. This development is coming on the back of a corrective recovery started from the 0.8066 level, its 2010 low. Above the 0.8384...

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  • Euro Continues To Gain Due To Little Thrust On USD

    Euro Continues To Gain Due To Little Thrust On USD

    Euro Zone Unemployment figures headline the economic calendar in European hours, with expectations calling for the jobless rate to hold steady at a record-high 10.1 percent in May. A pause in unemployment’s two-year advance would hardly signal brighter prospects for the region however as the...

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  • USD/CHF Continues Freefall

    USD/CHF Continues Freefall

    Price action on USD/CHF, a daily chart of which is shown, after breaking down below a steep uptrend support line extending from the mid-April low, broke down swiftly below 1.1250 support and has hit the 1.1100 price region. A key downside target within the context...

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  • AUD/USD – Bullishness Continues

    AUD/USD – Bullishness Continues

    After 3 strong attempts over the past couple months to break past the 8100 level the aussie dollar has begun to recover some of the losses it occurred in the month of May. Since June 8th, the aussie has managed to maintain a strong bullish...

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  • Eur/Usd: Rise Continues

    Eur/Usd: Rise Continues

    Psychological adjustment continues hard sell. Despite the bad news of the rise and continuing psychological data as a correction was needed to show how much indeed. The rise may continue for a while. But it’s difficult to change the main trend. For this, we need...

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  • Eur/Usd: Compaction Continues

    Eur/Usd: Compaction Continues

    Parity band continues to move. I do not think it would be too long winded but the weeks since the beginning of this movement to stay in the same volume level also brings problems. 1.1874 up from 1.1970 to 90 in the bottom part of...

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  • GBP/USD Continues To Battle 1.45

    GBP/USD Continues To Battle 1.45

    The Cable is stabilizing above Friday’s lows after the risk trade got hit by news that Fitch is downgrading Spain’s debt. However, as with the EUR/USD, losses in the Cable were limited and the currency pair is still comfortable above previous May lows. Hence, it...

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