GBP/USD Analysis (August 16)
The pair continues to evolve in a long term trading range between 1,59 and 1,67 but it has confirmed a short term bullish bias after a break above 1,63 yesterday.
Author: ATF Forex Trading
EUR/USD Analysis (August 16)
Monday’s price action was very interesting as we did see a break and close above the strong daily descending trendline. This breakout opens the door to next target at 1,47 (weekly bollinger band).
AUD/USD Analysis (August 15)
The pair is pulling back after the last 2 weeks sharp decline with an attempt below parity which offered a great support as expected.
USD/CAD Analysis (August 15)
The pair has validated a weekly double bottom formation which might result in a major long term reversal if a break above parity is confirmed over the coming sessions.
USD/CHF Analysis (August 15)
The Swiss Franc has been once again the main active currency last week after the SNB Vice President statement about a possible change in their policy with their currency being pegged to the Euro.
USD/JPY Analysis (August 15)
The pair is still under pressure but managed to hold it historical low at 76,30 last week.
GBP/USD Analysis (August 15)
The pair is trading flat over the long term represented by its weekly chart. It evolves in a trading range between 1,59 and 1,67.
EUR/USD Analysis (August 15)
The pair continues to trade without clear directional bias. Market participants are now waiting for a catalyst to choose their side.
AUD/USD Analysis (August 12)
The pair continues to consolidate near its 200 moving average after the impressive decline from the previous days. The market has made an attempt below parity but closed above this level.
USD/CAD Analysis (August 12)
The pair remains well bid after a confirmation of the bullish resumption which resulted in a possible long term reversal (double bottom formation).