GBP/USD analysis (July 17)
The picture on the Pound is slightly different from the Euro. After a bounce on its lower bollinger band, the GBP/USD has made an impressive rally (in one day precisely) to reach the 1,62 level.
Month: July 2011
EUR/USD analysis (July 17)
After a significant breakout of a daily triangle, the pair has found some great support on top of the 1,39 level coinciding with the 200 moving average. We have then seen a pullback towards the former triangle...
US Dollar analysis (July 17)
Since the beginning of May, the US Dollar Index is consolidating in a wedge figure and we might see the market going upside and down over the coming days as the overall outlook remains unclear.
USDCAD Analysis – July 17, 2011
USDCAD’s fall from 0.9912 extended to as low as 0.9520. Further fall to test 0.9444 previous low support is still possible next week, a breakdown below this level will indicate that the long term downtrend from 1.0852...
USDCHF Analysis – July 17, 2011
USDCHF continued its downward move from 1.1730 (2010 high) and reached as low as 0.8084. Further fall is expected after a minor consolidation and next target would be at 0.7900 area. Resistance is at the downtrend line...
USDJPY Analysis – July 17, 2011
USDJPY broke below 79.57 support and reached as low as 78.46. Deeper decline is expected next week, and next target would be at 77.50 area. Resistance is at 80.00, only break above this level could indicate that...
AUDUSD Analysis – July 17, 2011
AUDUSD’s rise extended to as high as 1.0798. Further rise towards 1.1011 previous high is still possible after a minor consolidation, a break above this level will target 1.2000 area. Key support is at 1.0525, only break...
GBPUSD Analysis – July 17, 2011
GBPUSD had formed a cycle bottom at 1.5781 on daily chart. Further rise could be seen in a couple of weeks, and target would be at 1.6500-1.6600 area. Key support is at 1.5781, only break below this...
EURUSD Analysis – July 17, 2011
EURUSD is forming a cycle bottom at 1.3837 on daily chart. Further rise would likely be seen in a couple of weeks, and the target would be at 1.4700-1.4750 area. Key support is now at 1.3837, only...
STOR suggesting a beginning of short/mid-term bullish swing for CHF
07/15/2011 18:50 UTC CHF swings higher as it strengthens against the USD, JPY, AUD, EUR and GBP. Recent mid-term strength indicator reading for CHF is 8 out of 8, thus suggesting that the current swing may be...