Commodity Prices

Gold •809 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,804.60	-1.80	-0.10%
WTI Crude •1 day	100.30	-1.61	-1.58%
Gasoline •1 day	3.528	+0.020	+0.58%
Ethanol •809 days	2.161	+0.000	+0.00%
Silver •809 days	30.82	+1.16	+3.92%

Silver • 809 days	30.82	+1.16	+3.92%
Copper • 809 days	4.530	+0.111	+2.51%
Brent Crude • 2 days	103.87	-0.95	-0.91%
Natural Gas • 1 day	2.912	+0.011	+0.38%
Heating Oil • 1 day	5.058	-0.056	-1.10%

Headlines

1,193 days Will The ECB Continue To Hike Rates?
1,194 days Forbes: Aramco Remains Largest Company In The Middle East
1,195 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,595 days Could Crypto Overtake Traditional Investment?
1,600 days Americans Still Quitting Jobs At Record Pace
1,602 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,605 days Is The Dollar Too Strong?
1,605 days Big Tech Disappoints Investors on Earnings Calls
1,606 days Fear And Celebration On Twitter as Musk Takes The Reins
1,608 days China Is Quietly Trying To Distance Itself From Russia
1,608 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,612 days Crypto Investors Won Big In 2021
1,612 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,613 days Food Prices Are Skyrocketing As Putin’s War Persists
1,615 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,616 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,619 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,620 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,620 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,622 days Are NFTs About To Take Over Gaming?

Is The Bull Market On Its Last Legs?

This aging bull market may…

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

More Info

Contact Author

EUR/USD: Hourly Double-Bottom Validated

By - Mar 08, 2013, 5:41 AM CST

EUR/USD has broken the hourly resistance at 1.3075 (05/03/2013 high), validating an hourly double-bottom. A test of the resistance at 1.3162 (28/02/2013 high, see also the declining trendline) is likely. An hourly support is at 1.3071 (06/03/2013 high).

In the bigger multi-week time frame we note that the higher low in July 2012 (compared to July 2010) and the recent new high above the strong resistance at 1.3487 (24/02/2012 high) indicates an improvement in the underlying trend. However, a break of the support at 1.2967 (01/03/2013 low) would open the way for a medium-term decline toward the strong support at 1.2662 (13/11/2012 low).

Daily Technical Report