Posts Tagged “Technical”
After some hesitant movements, Pound/Dollar continued decreasing on Tuesday, in line with the negative Interbank sentiment at nearly -68%. The Cable depreciated yesterday from 1.4509 to 1.4275, closing the day at 1.4332. Today Sterling has recorded partial correction, and weakening is expected to continue. First resistance is yesterday’s top at 1.4509. Break above it should [...]
EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3458 and 1.4206. View full post on Forex Daily Technical Reports
The pre-planned break-out variant for buyers has been implemented with attainment of minimal anticipated targets. OsMA trend indicator, having marked strengthening of bullish activity at break of key resistance range levels, suggests preference of bullish direction in planning trading operations for today. Hence and considering bullish sign of indicator chart, we can assume probability of [...]
Dollar/Yen traded with an increase on Wednesday, in converse the Interbank sentiment at nearly -10%. Yesterday the currency couple appreciated from 93.49 to 93.27, closing the day at 93.26. Today the currency couple continued climbing to 93.63, from where is turned downwards, indicating uncertain direction. Break above the nearest 93.63 resistance and today’s top would [...]