Forex Trading Software

Posts Tagged ‘Ascending’

The EUR/NZD pair, similar to the GBP/NZD pair ascension, rose practically unabated for the first ten weeks of 2011, gaining over 2600-pips in the process.

View full post on DailyFX – Analyst Picks – Today’s Picks

As noted earlier in a separate report that the EUR/GBP pair had been trending to the downside starting in the middle of January, “following commentary by the European Central Bank that interest rates are likely to rise as soon as the next meeting in April, the pair immediately reversed course and began its push towards fresh yearly highs.”

View full post on DailyFX – Analyst Picks – Today’s Picks

The GBP/NZD pair has been steadily rising during the first two months of 2011, as markets have shifted away from risky assets such as the New Zealand Dollar. The recent appreciation has offset more than half of the pair’s 2010 losses.

View full post on DailyFX – Analyst Picks – Today’s Picks

After dropping nearly 1000-pips from late November through the end of December, the GBP/CAD pair went parabolic, recouping nearly 80 percent of its losses in January alone.

View full post on DailyFX – Analyst Picks – Today’s Picks

While the EUR/GBP found itself gaining downside momentum following commentary by the European Central Bank that interest rates are likely to remain low for the time being on muted inflation concerns, the ascending channel for the pair has been marked by pivots forming on significant event risk.

View full post on DailyFX – Analyst Picks – Today’s Picks