EUR
EUR losses continue following Trichet’s weak economic outlook
The EUR saw a very bearish trading session yesterday, losing ground against all of its currency crosses. The Euro fell to a seven week low against the USD and closed under 1.5320, a remarkable number when considering that less than a month ago the oft-traded currency pair set […]
GBP/USD Mid-Day Outlook
Daily Pivots: (S1) 1.9725; (P) 1.9850; (R1) 1.9927;
Cable falls further today and the touching of 1.9689 support turns outlook mixed. At this point, further decline could still be seen as long as 1.9817 minor resistance holds. Firm break of 1.9689 support will dampen the view that choppy fall from 2.0391 has completed as […]
GBP/USD - British Pound Dollar
Short term (Intraday)
1,9936. GBP/USD broke 1,9835 resistance. GBP USD is in a range between 1,9750 and 2,0030. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility rises. Bollinger bands are deviated. Oscillators are neutral. The price should continue to move in 1,9750 / […]
GBP/USD
GBP has triggered a break of its ST falling trendline drawn off its 2.0398 to close the week above its major emas and the 1.9727/19 area (Mar 05′08/April 01′08 lows) after printing a high of 1.9999 on Friday. Although its weekly and daily studies as well as a formation of a bullish engulfing candle remain […]
Daily Pivots: (S1) 1.9758; (P) 1.9841; (R1) 1.9992;
Cable’s rise from 1.9599 continues today and extends further to as high as 1.9979 so far. As discussed before, break of the falling trend line and 1.9894 resistance confirms that whole decline from 2.0391 has completed in form of a falling wedge at 1.9593. At this point, […]
Daily Pivots: (S1) 1.9658; (P) 1.9775; (R1) 1.9899;
Sterling’s dive from 1.9894 and break of 1.9650 support indicates that whole fall from 2.0391 has resumed. At this point, intraday bias remains on the downside as long as 1.9714 minor resistance holds. Sustained trading below 1.9650 will set the stage for declining further to retest 1.9337 low. […]
EUR/USD trend: sell.
GBP/USD trend: sell.
USD/JPY trend: hold.