Currency
« Previous EntriesUSD/CHF Heads For Support
Tuesday, June 3rd, 2008The swissy, USD/CHF headed south at the blast of the bell on the European session this morning. London began the day on this pair at about the 1.0338 mark and rising a few pips to 1.0348 level. But soon became bearish (sellers market), as gold prices gained strength.
The pair is currently trading 1.0275, but we […]
USD JPY Makes Three Months High
Thursday, May 29th, 2008The USD, dollar has been on the ascendency in the last few weeks. With negative news of the first quarter beginning to filter through this is giving the dollar a reprieve amid recent woes.
The USD, dollar made a new three-month high of 105.88 on the USD JPY in the US trading session today. The pair […]
GBP/JPY Pose Double Tops
Wednesday, May 14th, 2008GBP/JPY posses a double tops on intra-day trades. Currently, it is trading with penetration into to 50-day moving average on the 15-min chart.
It won’t be surprising to see further deteriotion pounds sterling if the 203.70 support is broken on the present trend.
For now we are staying out of the market because we can see a slight consolidation […]
GBP/USD Near Support Level
Tuesday, May 13th, 2008GBP/USD is marching slowly but surely towards support levels of 1.9100/9300 we drew a few months back in January. Many had argued on the possibilities when the pair was still trading at 1.9900. Were you one of the “doubting Thomases”?
We have since written a few articles that support our position on this analysis considering recent data and […]
GBP/JPY Support Broken
Tuesday, April 29th, 2008Last night we commented on the direction of the GBP/JPY. We also specified the 62% level of the Fibonacci support at 206.75 a possibility on the Asian market as all “..indicators and trading analyses point south.” See yesterday’s post.
That support level has now been violated and further low of 205.50 seem very plausible. At the time of this post, […]
