AUD/USD Technical Analysis for June 30, 2011
Yesterday we said that we need to see the AUD/USD break above the red trend line – a line that formed the descending triangle in order to buy this pair. That is exactly what is has done...
Author: ForexMansion.com
EUR/USD Technical Analysis for June 30, 2011
The EUR/USD pair rose on Wednesday, but failed to move significantly over the 1.44 area. The pair is approaching the 1.45 area, and one has to wonder whether or not it will find the steam in order...
GBP/USD Technical Analysis for June 30, 2011
The GBP/USD pair rose as traders took on more risk after the Greek parliament voted to accept austerity measures. The pair is a barometer for risk, and this reaction isn’t necessarily surprising. The biggest issue this pair...
USD/CAD Technical Analysis for June 30, 2011
The USD/CAD market fell hard on Wednesday as the oil markets caught a bid. This is with the overall trend, and why we haven’t been recommending the buying of this pair. The area it has traded to...
USD/CHF Technical Analysis for June 30, 2011
The USD/CHF pair traded in a fairly tight range on Wednesday as the market grappled with the Greek austerity vote. The Franc lost some strength overall in the marketplace, but towards the end of the day it...
USD/JPY Technical Analysis June 30, 2011
The USD/JPY pair fell on Wednesday, but managed to rally in the latter hours. The candle shape is similar to a hammer, and now looks like it wants to be supportive at these levels. We know that...
USD/JPY Technical Analysis for June 29, 2011
USD/JPY rose on Tuesday, showing continued strength as the 81 level has been broken. This jives well as we expect an attempt on making the 82 level. With the markets being uncertain, the pair could find itself...
USD/CHF Technical Analysis for June 29, 2011
The USD/CHF fell on Tuesday, breaking the 0.83 level, but managed to form a hammer on Tuesday. This shows that there is a possible bounce coming in this market. The pair isn’t one we would buy, but...
USD/CAD Technical Analysis for June 29, 2011
The USD/CAD fell hard on Tuesday, and tested the 0.98 level as traders bought oil markets during the day. The market has been held hostage over the last several weeks by the movements in the Brent and...
GBP/USD Technical Analysis for June 29, 2011
The GBP/USD pair broke above the 1.60 area, but was quickly pushed lower as the resistance area held. The pair looks like it wants to build a supportive based here, but the truth is that is couldn’t...