GBP/USD analysis (July 14, 2011)
We were expecting somoe kind of bounce on the Cable which has been more than confirmed. We can see that the pair is forming a nice morning star pattern on top of its daily bollinger band which...
Month: July 2011
EUR/USD analysis (July 14, 2011)
As expected, we did see the pair confirming its bounce on top of the 200 moving average after a new low at 1,3830. The daily chart is showing a nice morning star formation which might suggest a...
14th July, 2011 – Daily Forex Report by GFM Research
The US Dollar tumbles after the trade deficit widens by more than $6B. The USD appreciated homogeneously against all the FX majors.Key equity index, Dow Jones Industrials (DJIA) is expected to find resistance in the zone of...
AUD/USD Technical Analysis for July 14, 2011
The AUD/USD pair rose on Wednesday and shows signs of wanting to break to new levels. The recent high at 1.08 held during the session, but it must be said that the candle for the day is...
EUR/USD Technical Analysis for July 14, 2011
The EUR/USD pair rose on Wednesday as the Fed Chairman, Ben Bernanke, testified before the US Congress and stated that QE3 wasn’t ruled out. In fact, most traders seem to think this was a laying of groundwork...
GBP/USD Technical Analysis for July 14, 2011
The GBP/USD pair rose rapidly on Wednesday as it was suggested by Ben Bernanke that possible quantitative easing is in the cards in front of Congress. Because of this, the USD sold off against almost everything in...
USD/CAD Technical Analysis for July 14, 2011
The USD/CAD pair fell hard again on Wednesday as the trading world sold off the USD in general after Chairman Bernanke suggested that another round of easing is still possible by the Fed. The pair will look...
USD/CHF Technical Analysis for July 14, 2011
The USD/CHF finally broke below the 0.83 area as traders sold off the USD against most currency pairs. The CHF is presently enjoying a general consensus that the world loves the Franc. The pair continues its bearish...
USD/JPY Technical Analysis for July 14, 2011
USD/JPY fell again on Wednesday as the Federal Reserve Chairman suggested in front of the US Congress that further quantitative easing may be in the cards. The pair is well below the all-important 80 level, and now...
NZD/USD Outlook
Greetings. Let’s take a look at the NZD/USD chart. We finally saw a sharp break up after seeing an Ending Diagonal forming up followed by a short, but steep drop down.