EUR/USD Failed to Break Out
January 5th, 2010 admin
The Euro tested the upper border of its trading range and bounced. There are many reasons for explaining the move upwards, and one good reason for not seeing a break. EUR/USD went as high as as 1.4480 – an important resistance line, and then fell back down to the low 1.44s. Since December 16th, the pair ranged between the support line of 1.42 to the resistance region of 1.4444. As mentioned in the EUR/USD forecast , there isn’t a single point of resistance but rather a …
Related Posts
The important ZEW Economic Sentiment survey fell once again, showing that Europe isn’t really doing much better than the US. The Euro erases early gains and drops. German ZEW Economic Sentiment fell from 21.2 to 14 points. Early expectations stood on small slide to 20.9 points. The survey of 350 German institutional investors is a highly regarded...
USD/CAD is now falling and approaching an important resistance line. This happens as the US dollar is strong, with traders focusing on the collapse of the Pound. The loonie has reasons to rise – a strong economy that is accelerating. The pair is now facing a test: The dollar is storming through the markets. This is strongly felt in GBP/USD....
The Geppy is enjoying risk appetite and other elements to make another attempt to break higher. Will it make it? Update on the forces moving this cross. GBP/USD enjoyed the weekend gaps to jump over the strong resistance line against the dollar. After slipping back down to the critical level, it got a boost: British trade balance was much better...
Australian employment numbers were excellent, but weren’t enough for the Aussie – it failed to break the important resistance line for the second time this week. Double top? Or just a matter of time? Australia’s employment change figure showed a rise of 35,200 jobs. This was better than last month’s Aussie job figures and...
Price action on spot silver, a daily chart of which is shown, took a steep dive for most of last week after reaching resistance around the 18.80 price region. Price at that level approached, but fell short of, the 19.40 region long-term high that was reached in early December 2009. Currently, the price decline of last week has brought silver down...
Price action on EUR/USD, a daily chart of which is shown, has once again descended as of Tuesday morning (6/01/2010) New York session. Today’s drop tentatively broke down below the prior 1.2140 short-term support, establishing yet a new 4-year low for the pair around the 1.2110 price region. This occurs within a continuing strong and steep downtrend....
Price action on EUR/USD (a 4-hour chart of which is shown) as of Monday (8/02/2010) morning has made a dramatic upside breakout above last week’s high in the 1.3105 price region to approach 1.3200 resistance, establishing almost a new 3-month high in the process. This occurs within the context of a well-formed parallel uptrend channel extending...
EUR/GBP enjoyed the Pound’s collapse to break one technical barrier and bounce off the next one. Update on this interesting cross. The British Pound began the week with a big collapse: GBP/USD fell below 1.50 and bounced off the support line at 1.4770. This collapse was also felt in the Euro. EUR/USD also had a bad start to the week, but...
Price action on AUD/USD (a 4-hour chart of which is shown) broke down below a key uptrend support line on Monday, much like EUR/USD did during early Asian trading hours on Tuesday. In the case of AUD/USD, its uptrend line is a considerably precise and well-formed one that extends back to the double-bottom low hit in early July. For more technical...
Price action on GBP/USD, a daily chart of which is shown, has tentatively broken down below an inverted flag pattern consolidation within the context of an overall parallel downtrend channel that has been in place since the mid-November highs. This tentative flag break hints at continued potential bearishness in the pair in line with the prevailing...
Related Tweets from Twitter
|
gold_tracker (Hal) : RT @wejnik: #FOFOA explains #hyperinflation and #deflation: http://bit.ly/anFFJa {and yes, you owe it to yourself to read it.And then go & b.. Updated : 2010-09-10T18:57:33Z | Reply | View Tweet |
| YooDman (YooDman) : @t3livetrading It's a recipe for disaster assuming persistent wage deflation... Updated : 2010-09-10T18:49:20Z | Reply | View Tweet |
|
|
creditcardsbay (Credit Cards Bay) : (UK) Spectre of deflation kills the mood at Jackson Hole [at Financial Times] (Financial Times): The mood at the a... http://bit.ly/9mwvWe.. Updated : 2010-09-10T18:21:17Z | Reply | View Tweet |
|
EdwardLHester (Edward Hester) : here's why you should be scared of deflation: Tech Ticker, Yahoo! Finance: http://yhoo.it/cvHNDy via @addthis.. Updated : 2010-09-10T18:13:51Z | Reply | View Tweet |
|
prmurtagh (philip murtagh) : Gold begins to fly when deflation is in the wind: If prices were stable and your savings retained their value, wou... http://bit.ly/bbmcky.. Updated : 2010-09-10T18:13:30Z | Reply | View Tweet |
Related News from Digg
Leave a comment
| Trackback

























