pair correlation on trading forex
Forex: USD/CAD falls 1.30% on the day to test 1.2050 support
Fxstreet.com (Barcelona) - USD/CAD is testing the 1.2050 level after falls 1.30% so far today from opening price 1.2210. Last three hours, the pair has been traded in a small range between 1.2045 and 1.2075, currently the pair is trading around 1.2045/55.Yesterday, USD/CAD won 0.21% from opening price at 1.2183, reaching 1.2266 as maximum and 1.2165 as minimum, to close the day at 1.2209. On the week, with todays losses, the pair has lost the gains posted last two days,
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Forex: EUR/USD fights 1.3300 level after falling to 1.3270
FXstreet.com (Barcelona) - EUR/USD is fighting the 1.3300 level after falling to 1.3270 from 1.3375 in the early American morning. Currently the pair is trading around 1.3295/1.3305, fighting to be positive or negative in the day from 1.3304 opening price.According to Valeria Bednarik, FXstreet.com collaborator, the pair is in consolidation: Pair has reached the 61.8% retracement of the last down leg, so we could see some consolidation between 1.3330 and 1.3365 before next rally to the upside, supported by clearly
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Forex: USD/CHF breaks 1.1350 and test 1.1300
FXstreet.com (Barcelona) - After testing 1.1400 level before US opening bell, USD/CHF has fallen around 100 pips to reach 1.1300, 3-weeks low. Currently the pair is trading around 1.1315/25 after falling 1.00% so far today from opening price at 1.1438.Valeria Bednarik, FXstreet.com collaborator, says: Again the pair rebounded at the strong 1.1350 zone as expected. Indicators are losing the oversold state in the hourly, and the pair points for further upside correction, with a first resistance around 1.1410, where we
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Forex: AUD/USD tests 0.7050 resistance
Fxstreet.com (Barcelona) - After falling to 0.7020 from 0.7130 yesterday high, AUD/USD has begun to rise to test the 0.7050 level. Currently the pair is trading around 0.7050/60.Yesterday. the pair won 1.36% from opening price at 0.6975, reaching 0.7130 as maximum and 0.6970 as minimum, to close the day at 0.7071.According to Trade The News Staff, Aussie is under pressure: Elsewhere in Asia, relative equity weakness persisted in Aussie markets following confirmation of economy bracing for imminent recession by govt
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Forex: EUR/USD climbs up to reach 1.3320, fresh 2-week high
FXstreet.com (Barcelona) - EUR/USD has risen around 75 pips in the last hour from 1.3240 to reach 1.3320, fresh two-weeks high. Currently the pair is trading around 1.3300/10 after rising 1.35% so far today from opening price action at 1.3130.According to Valeria Bednarik, FXstreet.com collaborator, EUR/USD remains bullish: First signs of exhaustion in the hourly chart are weighting in the pair, despite bigger charts remain bullish. The pair reached the 14.6% of the last up leg, so probably under 1.3230
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Forex: GBP/USD falls back to 1.4620
FXstreet.com (Barcelona) - After reaching yesterday's high at 1.4694, GBP/USD has lost around 70 pips to reach 1.4615 level. Currently the pair is trading around 1.4620/30.According to the Kshitij Consultancy Service Team, the Pound´s renewed strength could drive the pair to 1.4800: ?There might be a possible rush towards 1.48 over the next few sessions, but a break below 1.4500 is likely to take it further towards 1.4365 which is the 50% retracement of the rise from 1.3655 (11-Mar) to
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Forex: GBP/USD falls below 1.4500 again
FXstreet.com (Barcelona) - After a rebound from 1.4397 to 1.4542, Cable has fallen below 1.4500 level again. Currently, the pair is trading around 1.4480/90 after falling 1.25% so far today.Valeria Bednarik, FXstreet.com collaborator, says: Hitting extreme oversold conditions just under the 1.4400 level, the pair is correcting a bit to the upside, thus bigger time frames remain clearly bearish. Indicators are exhausted to the downside, suggesting an upside correction before further continuation in the pair. 20 SMA is turning to
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Forex: USD/JPY tests 98.65 support after rejecting 99.00
FXstreet.com (Barcelona) - USD/JPY has fallen around 40 pips from 99.10, intra-day high, to test the 98.65 level in the American session, currently the pair is trading around 98.70/80, 0.05% down from today's opening price.According to Valeria Bednarik, FXstreet.com collaborator, pair is in consolidation mode: Pair is fighting with the tough zone between 99.85 (descendant trend line) and 99.00 maximums and minimums congestion zone, slowly regaining the upside, yet mostly in consolidation mode. Clear break above 99.00/99.10 needs to be
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Deltastock Daily Fx Analysis
March 27, 2009Current level- 1.4428The pair is in a corrective phase, after bottoming at 1.3506. Trading is situated between the 50- and 200-day SMA, currently projected at 1.4259 and 1.6470. As expected, the pair was sold sharply from 1.4638, reaching low at 1.4390. The intraday bias is still negative for 1.4310, with a risk limit above the 1.45
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Forex: USD/JPY rises to test 97.00 level
Fxstreet.com (Barcelona) - After finding support at 96.70 from 97.20 after the GDP 1Q data releases, the USD/JPY has risen around 30 pips from 96.68 to test the 97.00 level. Currently the pair is trading around 96.90/97.00.According to Valeria Bednarik, FXstreet.com collaborator, USD/JPY is inside a upside correction: Upside correction starting yesterday reached the 97.16 high, where the pair filled past Sunday opening gap, and the pair retrieved a bit, still above the 20 SMA in the hourly. Indicators point
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