GBP/USD Analysis (August 2)
The Cable has been rolling over ahead of the 1,65 level lately. The market is building a double top formation on the 4-hour chart.
Author: ATF Forex Trading
EUR/USD Analysis (August 2)
The pair has confirmed a new fail on its daily descending trendline yesterday. The overall structure is now quite bearish with a risk of additional decline towards key level at 1,40 (daily bollinger band).
AUD/USD Analysis (July 31)
As expected, we did see a meaningful correction on the pair last friday but the market has found some good support on top of 1,09 following the bad US GDP release.
USD/CAD Analysis (July 31)
The pair is carving out a material base on top of 0,94 by validating a double bottom on the 4-hour chart (break above 0,9530).
USD/CHF Analysis (July 31)
After a consolidation above the psychologival 0,80 support, the pair has confirmed its bearish trend with a new fresh low at 0,7850 on friday.
USD/JPY Analysis (July 31)
The pair has accelerated its decline on friday after the dismal US GDP figure. The market is likely to test its 2011 low at 76,30.
GBP/USD Analysis (July 31)
The Cable is evolving in a weekly range between roughly 1,59 and 1,66. A few weeks ago, the pair has bounced on top of the bottom of this range.
EUR/USD Analysis (July 31)
Last week, we did see the EUR/USD testing its descending trendline for the 4th time since the beginning of May.
AUD/USD Analysis (July 29)
The pair may have carved out a top near its record high at 1,11. Indeed, the break below 1,10 has validated an intraday double top confirmed by a negative divergence on the MACD.
USD/CAD Analysis (July 29)
The pair is carving out a material base on top of 0,94 by validating a double bottom on the 4-hour chart confirmed by a positive divergence on the MACD.