GBP/USD Analysis (August 9)
As long as 1,6220 is not broken, we will consider a possible bullish resumption after a 38% retracement of the recent rally started in July 12.
Author: ATF Forex Trading
EUR/USD Analysis (August 9)
The pair is being well capped by its daily descending trendline after a new fail below 1,44 yesterday.
AUD/USD Analysis (August 7)
We have been a bit surprised by the weakness of the antipodean (Aussie and Kiwi). The Aussie has been under intense pressure, loosing more than 600 pips in a single week.
USD/CAD Analysis (August 7)
The pair is in the process of building a nice double bottom formation on the weekly chart which will definitly confirmed with a break above 0,9920 (June high).
USD/CHF Analysis (August 7)
The pair continues to establish new record lows week after week and the recent develpments in the US will probably confirm the overall bearish trend.
USD/JPY Analysis (August 7)
As often, the effect of the BoJ intervention was short-lived with the pair stalling out ahead of its key 80,00 level.
GBP/USD Analysis (August 7)
The pair has probably confirmed the end of a 38% retracement of its recent rally which opens the door to the weekly upper bollinger band (1,6650).
EUR/USD Analysis (August 7)
Despite the good US employment data, the pair managed to find some support well above the 1,40 key level.
AUD/USD Analysis (August 5)
We have been a bit surprised by the weakness of the antipodean (Aussie and Kiwi) currencies this week. The Aussie has been under intense pressure, loosing more than 600 pips from the beginning of the week.
USD/CAD Analysis (August 5)
We were considering a bullish reversal on the pair for a few days and we think that everything is now in place to allow a continuation to the upside.