Week Beginning 08/11/2010Value $1.6182With the news of further quantitative easing by the US Federal Reserve, the value of the asset moved to the highest value since the early part of the year. It is as yet unclear as to whether the Bank of England w… more »

Week Beginning 01/11/2010Value $1.5880As anticipated, the market succeeded in bouncing back off the suggested trend line and it now remains to be seen whether the assets price can break back through the long term support and resistance level (Figure… more »

Week Beginning 25/10/2010Value $1.5686The market fell on virtually every day this week with the exception being a very marginal gain on Thursday. This fall has not only caused the price of the asset to drop below the long run support and resistance l… more »

Week Beginning 18/10/2010Value $1.5997Although the market ended the week little higher than it started, the gradually increase in value is encouraging for the bulls. At present there is still little to suggest a reversal of the current trend (Figure… more »

Week Beginning 11/10/2010Value $1.5968The market is now back at a two month high and is in the process of attempting to make a significant break of the long term level of resistance (Figure 1). Presently there are no obvious technical indications tha… more »

 Week Beginning 04/10/2010Value $1.5825As expected the recent rally in the assets price failed to continue this week with the market undergoing a period of consolidation. The general outlook is still bullish, however as analysed last week, the beha… more »

 Week Beginning 27/09/2010Value $1.5831There has been substantial speculation in the market recently regarding the Federal Reserve's future policy pertaining to the Dollar. As such volatility is expected to increase in the coming weeks as clarity i… more »

Week Beginning 20/09/2010Value $1.5614As predicted, the market rebounded this week with a bounce a little above what was anticipated. Whereas it was expected that the EMA365 would provide resistance to the assets value, it so happened that the mor… more »

Week Beginning 13/09/2010 Value $1.5370 The market carried on flirting with the Fibonacci 23.6% level this week continuing the pattern seen over the recent weeks (Figure 1). However even though the value of the asset is now below this critic… more »

Week Beginning 06/09/2010 Value $1.5457 The market dropped just below the critical Fibonacci 23.6% support level this week (Figure 1), however it recovered to close the week marginally above the support level. Day to day volatility was again ve… more »