USD/JPY Technical Analysis for July 29, 2011
The USD/JPY pair fell again on Thursday, as the markets still fear the results of the debt crisis in the US. The lack of progress is hampering the ability of the Dollar to gain against the Yen...
Month: July 2011
AUD/USD Analysis (July 29)
The pair may have carved out a top near its record high at 1,11. Indeed, the break below 1,10 has validated an intraday double top confirmed by a negative divergence on the MACD.
USD/CAD Analysis (July 29)
The pair is carving out a material base on top of 0,94 by validating a double bottom on the 4-hour chart confirmed by a positive divergence on the MACD.
USD/CHF Analysis (July 29)
The pair continues to consolidate near the psychological level at 0,80. The pressure remains on the downside and we might see additional decline going forward particularly if a break is confirmed below 0,80.
USD/JPY Analysis (July 29)
The pair continues to trade lower after a new fresh low printed overnight below 77,60. We see no sign of a possible reversal yet except maybe the daily and weekly studies being in oversold zone which is...
GBP/USD Analysis (July 29)
After a high near 1,6450, the market is currently testing an ascending trendline on the 4-hour chart. A clear break below 1,63 would expose a setback towards 1,62 (38% retracement of the current rally).
EUR/USD Analysis (July 29)
The pair has found some support on top of its 20 moving average after a low at 1,4250.
29th July, 2011 – Daily Forex Report by GFM Research
The Dollar Index (DXU11) finds stability again in the ranges of 74.00 after it has hit critical support of 73.40 ranges. Key equity index of the Dow Jones Industrials (DJIA) is trading near important support of 12300;...
Daily FX Market Outlook by AceTrader-29-7-2011
Market Review – 28/07/2011 22:00 GMT Euro weakens on lingering debt crisis concernsThe single currency fell on Thursday as weak economic data from the euro zone and a jump in Italian bond yields at auction heightened worries...
Forex-Metal Daily Analysis -28/07/2011
Market participants expect a US debt level decision. Dollar reached new lows. Asian and European trading session: