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Friday,
15 August 2008,
22:51 GMT
Research
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Forex - Technical research
FastBrokers Team
Market Commentary / Analysis for August 15th 2008
168 pips south today!
The strong move below 1.48 warranted the drop to the current level.
The body of this candle is very dominant and could signify further falls at the beginning of next week.
Usually when there is a strong move that lasts a few days – weeks there is a strong intraday rebound when a certain price is hit.
The rebound illuminates a bottom and leaves a long shadow on the daily candle.
We haven’t seen this yet and could at the 1.
• EUR/USD
• GBP/USD
• USD/JPY
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Thursday,
14 August 2008,
22:59 GMT
Research
>
Forex - Technical research
FastBrokers Team
Market Commentary / Analysis for August 14th 2008
Hope everyone has faired well with the large moves recently
• EUR/USD
• GBP/USD
• USD/JPY
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Tuesday,
12 August 2008,
22:56 GMT
Research
>
Forex - Technical research
FastBrokers Team
Market Commentary / Analysis for August 12th 2008
The day has finished and left a spinning top which followed an inverted hammer Japanese candlestick pattern.
These types of candles usually indicate indecision.
These also usually indicate the bottom of the previous day as the support, and the top as resistance; which if broken could lead to another steep drop or incline in price.
The low of today was 1.4815, and the high was 1.4964.
Let us also note that if there is a close above 1.5000 on the daily, then a retest of previous support (1.
• EUR/USD
• GBP/USD
• USD/JPY
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Monday,
11 August 2008,
22:28 GMT
Research
>
Forex - Technical research
FastBrokers Team
Market Commentary / Analysis for August 11th 2008
A little FYI today plus technical research
• Don't forget these
• EUR/USD
• GBP/USD
• USD/JPY
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Saturday,
09 August 2008,
00:10 GMT
Research
>
Forex - Technical research
FastBrokers Team
Dollar Breaks
Only Euro analysis today
• Just dollar here today
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