USD/CAD analysis (July 11, 2011)
It has been a few days we were poiting out the possibility of a long term reversal pattern (cup&handle) on the pair for a possible long term shift in the trend. The latest price actions and the...
Month: July 2011
USD/CHF analysis (July 11, 2011)
The pair didn’t manage to confirm its bounce after a new fail on the 0,85 level near the key resistance at 0,8550. Next target is now the bottom of the daily range at 0,83 (lower bollinger band).
USD/JPY analysis (July 11, 2011)
The pair is now back under pressure and we see additional weakness going forward. Technically, the roll-over from 81,50 combined with overbought studies are pointing to a new test of 80,00 critical level.
GBP/USD analysis (July 11, 2011)
AS we mentioned in our previous analysis, the Cable is the process of building a double bottom formation after a significant bounce on friday. Next key resistance is represented by previous high at 1,6150.
EUR/USD analysis (July 11, 2011)
The pair is evolving in a middle term triangle with limits between 1,45 and 1,42 i.e. 300 pips range. The bottom of the triangle is now being tested and there is a good probability of a breakout...
Daily FX Market Outlook by AceTrader-11-7-2011
Market Review – 09/07/2011 01:24 GMT Dollar tanks against the Japanese yen on disappointing U.S. jobs data The dollar tumbled versus the Japanese yen and the Swiss franc after the release of much worse-than-expected key U.S. jobs...
USDCAD Analysis – July 9, 2011
USDCAD is now in downtrend from 0.9912. Further fall to test 0.9444 previous low support could be expected next week, a breakdown below this level will indicate that the long term downtrend from 1.0852 (2010 high) has...
USDCHF Analysis – July 9, 2011
USDCHF stays below a downtrend line from 0.9774 to 0.9339, and remains in downtrend from 0.9774, the price action from 0.8326 is treated as consolidation of downtrend. Further fall to test 0.8275 previous low support could be...
USDJPY Analysis – July 9, 2011
USDJPY might be forming a cycle top at 81.47 on daily chart. Deeper decline to test 79.57 key support would likely be seen next week, a breakdown below this level will indicate that the downtrend from 85.51...
AUDUSD Analysis – July 9, 2011
AUDUSD had formed a cycle bottom at 1.0390 on daily chart. The rise from 1.0390 is likely resumption of long term uptrend from 0.8066 (2010 low). Further rise to test 1.1011 previous high resistance is expected next...