posted by
GAINSY
1 day 12 hours ago
in Technical
EUR: Despite surging to 1.2998 yesterday on initial dovish remark from Bernanke in yesterday's testimony, the single currency reversed from there as he said the Fed could ease back bond purchases in the forthcoming FOMC meetings, a low of 1.2821
posted by
GAINSY
1 day 12 hours ago
in USD, Technical, Daily
USD/CHF: Intraday bias in USD/CHF remains neutral for the moment and some more consolidations would be seen below 0.9838. Consolidation should be relatively brief as long as 0.9578 support holds. Above 0.9838 will extend rebound from 0.9021 towar
posted by
GAINSY
1 day 12 hours ago
in JPY, Technical, Daily
EUR/JPY drops sharply to as low as 129.95 so far today and the break of 131.00 indicates short term topping on bearish divergence condition in 4 hours MACD. Intraday bias is back on the downside for pull back , possibly to 55 days EMA (now at 127
posted by
GAINSY
1 day 12 hours ago
in JPY, Technical, Daily
Yen and Swiss Franc rose sharply today on risk aversion. Nikkei plunged -1143 pts, or -7.32%, the sharpest fall in two years, as 10 year JGB yield jumped above 1% level for the first time in a year. Tokyo stock exchange has temporarily suspended
posted by
GAINSY
1 day 13 hours ago
in USD, CAD, Technical
Although the greenback has retreated after rising to 1.0393 earlier today and minor consolidation below this level would be seen, reckon pullback would be limited to 1.0300 and bullishness remains for recent upmove to extend further gain, break o
posted by
GAINSY
1 day 13 hours ago
in EUR, JPY, Technical
Despite yesterday's rally to 133.82, the subsequent reversal from there together with the break of support at 130.93 confirm a temporary top has been formed there and consolidation with mild downside bias is seen for retracement of recent upmove,
posted by
GAINSY
1 day 13 hours ago
in USD, AUD, Technical
Despite resuming recent decline to 0.9593, loss of near term downward momentum should prevent sharp fall below said support and prospect of a corrective rebound is seen, above 0.9695-00 would bring rebound to 0.9750 but break of resistance...
posted by
FXTimes
1 day 19 hours ago
in USD, EUR, Technical
Reaction after Bernanke: The main event risk yesterday (5/22) was the Bernanke testimony in front of the Join Economic Committee. The reaction after it was a strong USD across the board. The EUR/USD fell sharply from around 1.30 but failed to rea
posted by
FXTimes
1 day 20 hours ago
in GBP, AUD, Technical
Bullish market: GBP/AUD has been in a bull market since the beginning of April. The 4H chart shows that very clearly as price continues to makes higher highs and lows, remains above a rising trendline going back to lows from Apr. 10/11. The RSI h
posted by
FXTimes
1 day 20 hours ago
in JPY, Technical, Fundamental
Japanese finance minister Akira Amari sounded warnings this week that the dramatic fall of JPY had gone far enough, yet the fundamentals of Japan’s economy are so dire that further falls in the currency are highly likely. The verbal intervention
posted by
FXTimes
1 day 20 hours ago
in USD, GBP, Technical
Support pivot: After a bearish push that followed softer UK inflation data and Bernanke’s testimony, the GBP/USD finally found support around a previous support pivot near 1.5025.The 4H RSI also resolved an oversold reading. Bearish: The market r
posted by
cloudhosting14
1 day 20 hours ago
in Technical
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