EUR/GBP Technical Analysis: Support Trend Line is Breached
- Tuesday, 05 April 2011 18:05
The EUR/GBP finally showed signs of weakness after UK’s services PMI boosted the pound during Tuesday’s London session. Here is an updated technical outlook.
EUR/JPY Technical Analysis: Room for More Gains
- Monday, 04 April 2011 19:53
After spending an entire year near its all time lows, the EUR/JPY seems to be planning a comeback. Here, we take a look at the long term charts and find signs of a new uptrend.
GBP/USD Technical Analysis: April 03
- Sunday, 03 April 2011 18:08
Ahead of this week’s Bank of England meeting, we see signs of a potential breakdown of the pound below 0.5980. Let’s take a look at the daily chart.
Forex Market Outlook April 4-8
- Saturday, 02 April 2011 17:23
After a head turning Friday, we face another important week in the forex market. With the ECB and the Bank of England statements due on Thursday, tons of action is expected once again. Let’s take a look at the major pairs.
Yen to Reclaim Carry Trade Currency Status
- Friday, 01 April 2011 17:30
As the USD/JPY breaks the 84.00 barrier for the first time in 2011, the yen seems ready to become once again the number one choice for currency carry trades.
EUR/GBP Heading Towards 0.8940
- Thursday, 31 March 2011 22:23
Ever since mid-February the EUR/GBP never ceased to push up and seems to be headed towards a re-test of last October’s high. Here, we explored one possible development scenario.
USD/CAD to Find a New direction with Employment Data
- Thursday, 31 March 2011 18:05
The Canadian dollar is trading tight before the US unemployment rate and non-farm payroll data release on Friday and is ready to break out of it’s range. Let’s take a look at the potential scenarios.
EUR/USD Technical Analysis March 30
- Wednesday, 30 March 2011 19:34
The last two weeks of March have seen the development of a new down trend in the euro. The pair failed to retrace back to the 1.4248 high and is now consolidating. A new pattern emerges which could trigger a trading opportunity.
