May 16, 2012 | 08:41 AM | Posted by Jack River

Yesterday, the pair EUR/CAD broke its support of 1.2850 and declined to an 18 month low. This decline joins the depreciation of the Euro against other major currencies, with the greenback and loonie benefiting from this situation. This negative trend will likely continue as long as investors show...

May 15, 2012 | 07:01 AM | Posted by Jack River

Yesterday the pair crossed the price point of 1.0000 after the Aussie fell 0.5% against the greenback. There is no significance to 1.0000 in this case, aside from the symbolic. The declining trend was determined previously after the pair shed 5% in only two weeks of trading. Another factor that is...

May 14, 2012 | 08:27 AM | Posted by Jack River

The pair USD/JPY declined sharply in the framework of a deep technical correction, reaching a low of 79.55. According to several technical indicators, it appears that the correction has concluded and we can expect the pair to rise. Indicator 1: The pair finished two trading days last week over the support...

May 11, 2012 | 07:23 AM | Posted by Jack River

The Euro crossed the 1.3030 support level several days ago, stabilizing at around 1.2950. The negative trend of the Euro has caused the level of 1.3030 to switch from support to resistance and it appears that the Euros stability is only temporary. It is likely that the pair will continue to decline in the near...

May 10, 2012 | 09:07 AM | Posted by Jack River

The Aussie continues to break negative records and yesterday was once again on the decline by half a percentage point to 1.0020. Over the last several days, the Australian dollar has lost around 400 pips and since the beginning of this negative trend, has lost 700 pips. It seems that this trend is far from...