USDCAD Analysis – July 31, 2010
USDCAD is forming a triangle pattern on daily chart and is now facing the lower boundary of the pattern. A clear break below the pattern could trigger another fall to 1.0000 area. On the other side, rebound...
Month: July 2010
USDCHF Analysis – July 31, 2010
USDCHF remains in downtrend from 1.1730 and the fall extended to as low as 1.0361 level. As long as 1.0675 key resistance holds, downtrend is expected to continue and next target would be at 1.0200 area. However,...
USDJPY Analysis – July 31, 2010
After touching the falling trend line on daily chart, USDJPY dropped sharply from 88.11, suggesting that the downtrend from 92.88 has resumed. Deeper decline is expected next week and target is at 84.82 (2009 low). Key resistance...
AUDUSD Analysis – July 31, 2010
AUDUSD remains in uptrend from 0.8066. Further rise is still possible next week and next target would be at 0.9200 area. Key support is now at 0.8905, as long as this level holds, uptrend could be expected...
GBPUSD Analysis – July 31, 2010
GBPUSD continues its upward movement and the rise from 1.4230 extended to as high as 1.5720. Now the pair has reached the upper border of the price channel, minor consolidation would more likely be seen next week....
EURUSD Analysis – July 31, 2010
EURUSD’s upward movement from 1.1876 extended to as high as 1.3106 level. As long as 1.2732 key support holds, further rise to 1.3300-1.3400 area to reach next cycle top on daily chart is possible. However, a breakdown...
The US stock market review
The stock indices dropped according to the trading results on Thursday amid discrepant data.
Advance GDP From U.S. Today
The USD continued to trade in a rather well defined range on Thursday. The U.S. released weekly Unemployment Claims that came in a little better than expected, but quarterly earnings from corporate America disappointed investors and this...
EUR/USD Still Hovering Around 3-Month High
After hitting a three month high against the U.S. dollar in trading yesterday, the euro took some slight losses last night, falling some 30 pips against the greenback. The overall trend for EUR/USD is still up, especially...
Daily Market Outlook by AceTrader
Market Review – 29/07/2010 22:56 GMTEuro surges above $1.3100 on upbeat European economic dataThe single currency broke above the $1.31 level for the first time since May as German unemployment decreased while European confidence in the economic...