USD/CHF Analysis (August 5)
Needless to say that the pair remains under pressure considering the impressive bearish trend we see for more than a year now.
Author: ATF Forex Trading
USD/JPY Analysis (August 5)
The pair has bounced significantly after the Japanese Finance Ministry intervention to curb the Yen strengh.
GBP/USD Analysis (August 5)
The pair has been under pressure after BoE rate decision and we did see the market reaching the daily moving average to draw about 38% of the previous rally started in July 12.
EUR/USD Analysis (August 5)
The pair has confirmed some bearish pressure yesterday after the statement from ECB President Trichet. We did see a break below 1,4140 (friday low) which now exposes key 1,40 support with a possible extension towards 1,3940 (daily...
AUD/USD Analysis (August 4)
The pair remains under pressure after a sharp fall towards 1,07 corresponding to an ascending trendline started in March.
USD/CAD Analysis (August 4)
The pair is confirming a bullish momentum while moving up in a clear short term rising channel. We still expect a test of 0,97 before maybe a continuation towards 0,98.
USD/CHF Analysis (August 4)
As we were expecting for a few weeks now, the Swiss National Bank intervened on the market yesterday by lowering rates and implementing various other measures to curb the appreciation in their currency.
USD/JPY Analysis (August 4)
We have seen a huge sell-off of the Yen accross the board overnight after Japanese Finance Ministry unilaterally intervened in the FOREX markets by selling their own currency.
GBP/USD Analysis (August 4)
As expected, we did see the Cable resuming its uptrend after a 38% retracement of the previous rally started in July 12.
EUR/USD Analysis (August 4)
The pair remains unders pressure since it has rolled-over ahead of its long term descending trendline started in May.