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Euro vs Dollar 9 Nov 2010

Yesterday’s wide spread down candle on the euro vs dollar chart pushed the euro to dollar below both the 9 and 14 day moving averages and closing the trading day at USD1.3863.  Much of this downwards momentum was generated by the fundamental landscape where market...

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Euro vs Dollar – Daily Forex Analysis

With yesterday’s unprecedented day of fundamental news now firmly behind us the markets have duly spoken as the FED finally lifted its skirts to reveal what lay beneath – a quantitative easing programme to the tune of $600bn.  As expected this triggered a sell off...

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Euro vs Dollar 29 Oct 2010

The euro vs dollar surged higher yesterday closing as a wide spread up candle which held above all four moving averages once again and confirming that the recent short term re-tracement for the pair is now firmly over.  Throughout this period of consolidation and re-tracement...

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Euro vs Dollar 20 Oct 2010

An interesting couple of days for the euro vs dollar which promptly fell heavily yesterday partly as a result of a surprise announcement from China of a hike in interest rates, which surprised the markets as this was an unscheduled move, with commodities in particular...

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Euro vs Dollar 18 Oct 2010

The daily chart for the euro vs dollar has thrown up some interesting signals in the last few days, not least of which was Friday’s deep shooting star candle which replicated the smaller version that we saw on Thursday, and as such, gives us a...

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Euro vs Dollar 15 Oct 2010

The technical picture for the euro vs dollar remains firmly bullish as continued and systemic from the US currency propels the euro higher, rather than from any positive eurozone news or sentiment.  Indeed this is a feature that we are likely to see over the...

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Euro vs Dollar 13 Oct 2010

The daily chart for the euro vs dollar gave us a strong bullish signal yesterday ending the forex trading session as a narrow spread up candle but one with a deep lower shadow which confirmed once again the bullish sentiment for the euro vs dollar...

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Euro vs Dollar 11 Oct 2010

The euro vs dollar paused for breath on Friday following the non farm payroll release, trading in a relatively narrow range and ending as a doji cross candle following Thursday’s shooting star candle as the pair hovered below the psychological USD1.4000 price handle.  Friday’s non...

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Euro vs Dollar 4 Oct 2010

The euro vs dollar continued firmly higher last week on the weekly chart ending as a wide spread up candle making it the third consecutive week of gains for the pair as we begin to approach the US1.4 price handle once again, last seen in...

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Euro vs Dollar 30 Sep 2010

The euro vs dollar continued to push higher once again yesterday ending the forex trading session as a narrow spread up candle as the pair approached the key resistance area at USD1.3679.  This upwards momentum for the euro has been assisted both from a technical...

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