Commodity Pairs Split Momentum

Tuesday, March 16th, 2010

Price action was held in an effective range of approximately 60 pips over the last five days of trading, but this might change in near-term trade. The Aud/Usd is currently approaching a resistance trend-line that connects the Nov 16 and Jan 14 highs. A break above this area would clear…

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Commodity Pairs Split Momentum

Simple Moving Averages Contain The Yen

Thursday, March 11th, 2010

The Usd/Jpy is trading back in the 90.00 area, flanked by the 20, 50 and the 100-day moving averages. This area has limited the pair’s moves. If Usd/Jpy finds the necessary momentum to push higher, it might reach the 92.50 area.

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Simple Moving Averages Contain The Yen

GBP/USD Stabilizes Around 1.50

Tuesday, March 2nd, 2010

Technically speaking, we’ve formed some new uptrend lines for the Cable to compensate for yesterday’s selloff.

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GBP/USD Stabilizes Around 1.50