EUR/USD analysis (July 07, 2011)
The pair has validated a descending trendline in the beginning of the week and been under pressure since with an acceleration of the decline yesterday on Eurozone debt concerns.
Author: ATF Forex Trading
AUD/USD analysis (July 06, 2011)
The pair is evolving in a trading range between 1,0450 and 1,0790. The upper bound of the range has offered a great resistance lately and we might see a continuation of the move towards the daily 20...
USD/CAD analysis (July 06, 2011)
The pair remains under pressure after the breakout of its daily rising trendline with a next target at 0,95. However, the market seems to have found some support on top of 0,96 yesterday and we might see...
USD/CHF analysis (July 06, 2011)
The USD/CHF setup is now very constructive with the formation of a potential matrial base on top of the historical low at 0,8275. A break above 0,8550 is still required though to really validate a bullish scenario....
USD/JPY analysis (July 06, 2011)
Not much of a change on this pair which continues to consolidate on top of its key support at 80,00. The setup is constructive with a momentum building nicely.
GBP/USD analysis (July 06, 2011)
The Cable remains under pressure below its daily 20 descending moving average. A break below 1,60 exposes 1,59 with a risk for additional decline.
EUR/USD analysis (July 06, 2011)
The Euro continues to consolidate ahead of the ECB rate interest tomorrow. We have seen fresh downside pressure yesterday after Moody’s came out slashing Portugal’s rating on risks that the country may need additional aid.
AUD/USD analysis (July 05 2011)
Despite the recent strong move upward, the AUD/USD is still evolving in a trading range and it is now carving out some kind of top ahead of 1,08 which need to be confirmed though.
USD/CAD analysis (July 05 2011)
The pair is back under pressure after its break below its rising trendline. Next target is given at 0,95 (weekly bollinger band) with an extension towards multi-year low at 0,9450.
USD/CHF analysis (July 05 2011)
The pair remains well bid after its sharp bounce on top of its historical low at 0,8270. Next key resistance is given at 0,8550.