USD/CHF Technical Analysis July 13, 2011
The USD/CHF pair fell on Tuesday, but remains stuck in the recent consolidation range between 0.85 and 0.83. The pair looks weak, and has been in a downtrend for years, but a sell at this level could...
Month: July 2011
USD/JPY Technical Analysis July 13, 2011
The USD/JPY pair fell on Tuesday as traders bought the Yen across the board. With the jitters coming out of Europe, there is a real possibility that we could see a serious down move at any moment....
EUR/USD Technical Analysis July 13, 2011
EUR/USD fell on Tuesday, breaking below the 1.40 and even going as low as 1.3825 or so. However, there was a wicked bounce, and the result is a hammer. The level 200 day moving average is also...
GBP/USD Technical Analysis July 13, 2011
GBP/USD fell hard on Tuesday, but bounced to form a hammer just above the all-important 1.59 level. The candle shows how hard it is going to be to break the level, and days like this is why...
USD/CAD Technical Analysis July 13, 2011
The USD/CAD pair spiked during the Asian and European session on Tuesday, but fell just as quickly once the Americans came into the market. The candle at the end of the day is looking like a shooting...
AUD/USD Technical Analysis July 13, 2011
The AUD/USD pair fell, but found support in the late hours of trading as traders bought it at a discount in the US. The pair looks like it will try to find footing at the 1.06 level,...
Bernanke to Testify in Congress Today
Federal Reserve Board Chairman Ben Bernanke will be testifying before the House Financial Services Committee in Washington, D.C. at 15:00 GMT today. His remarks tend to generate significant volatility in the forex market as they may hint...
13th June, 2011 – Daily Forex Report by GFM Research
The US Dollar traded strong for most of the day; though it has trade strong though the Asian and European trading sessions, profit booking was witnessed during the American trading session on the event of the smart...
AUD/USD analysis (July 13, 2011)
The pair continues to evolve in its daily range delimited by the bollinger bands. We consider that a clear break through either 1,08 or 1,04 would give us a directional bias. For the time being, we have...
USD/CAD analysis (July 13, 2011)
We were considering a bullish resumption on this pair lately and if the market has made an attempt towards 0,98 as expected, it wasn’t able to hold above 0,97. In fact, the reversal was quite impressive yerterday...