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.
Category: Daily Forex Reports
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.
EUR/USD; Technicals are still bullish, but…
The Euro/Usd trends (short/medium/long) are still strongly bullish, as well as the seasonal conditions. However, a move above 1.4638 is necessary to target 1.4698, 1.48 and eventually 1.50, provide the price does not fall back below 1.4470.
Forex-Metal Daily Analysis -29/07/2011
S&P downgraded Greece rating for 2 levels.
Strong Data Supports Short-Term Risk Taking in Forex Market
A short series of data released yesterday painted a relatively stronger picture for the US economy’s growth. Weekly unemployment claims saw a better than forecast rise, hitting 398,000 for the past week.
AUD/USD Technical Analysis for July 29, 2011
The AUD/USD pulled back on Thursday as traders sold off risk assets. The markets concerns with the various debt issues around the world have lead to weakness in most stock exchanges, and as such – even the...