EUR/USD Technical Analysis July 28, 2011
EUR/USD fell hard during the Wednesday session, falling straight to the 1.4350 level. The pair has tested the 1.45 level, and found it too hard to crack.
Category: Daily Forex Reports
Economic Doomsday So Far Not Materializing
The value of safe-haven assets has been given a boost by a shift away from higher yielding assets this week, though the dollar has been receiving fewer of these gains than normal.
AUD/USD Analysis (July 28)
The pair continues its impressive rally since it has broken through the top of the daily range.
USD/CAD Analysis (July 28)
Yesterday, we did see the pair bouncing on top of 0,94 and thus validating a double bottom on the 4-hour chart confirmed by a positive divergence on the MACD.
USD/CHF Analysis (July 28)
The pair continues to consolidate on top of the psychological level at 0,80.
GBP/USD Anlaysis
Greetings. Let’s take a look at the GBP/USD hourly chart. As you can see, we’re in a rising channel and we’re currently touching the bottom trend line.
USD/JPY Analysis (July 28)
The pair continues to slide smoothly while establishing below 78,00. We might see a corrective move anytime soon given the oversold studies but we hold a bearish bias until proven otherwise.
GBP/USD Analysis (July 28)
The Cable has stalled out after a brief attempt above 1,64. For the time being, we consider this move as corrective.
EUR/USD Analysis (July 28)
The market has drawn a reversal candle yesterday which might signify the end of the bullish trend at least over the short term.
28th July, 2011 – Daily Forex Report by GFM Research
The US Dollar bounces back after depreciating for 4-5 trading sessions after the Dollar Index (DXU11) hit critical support of 73.40 ranges. Key equity index of the Dow Jones Industrials (DJIA) is trading near important support of...