USD/JPY analysis (July 07, 2011)
The pair continues to consolidate on top of its key support at 80,00. There is still a lack of momentum and we have to be extra carefull while trading a Yen related pair.
Month: July 2011
GBP/USD analysis (July 07, 2011)
Cable remains under pressure with now a break back below 1,60 which opens the door to the 1,59 level. A break below this level would expose further decline towards 1,58 and beyond.
EUR/USD analysis (July 07, 2011)
The pair has validated a descending trendline in the beginning of the week and been under pressure since with an acceleration of the decline yesterday on Eurozone debt concerns.
STOR suggesting a beginning of short/mid-term bullish swing for AUD
07/07/2011 01:30 UTC AUD swings higher as it strengthens against the USD, JPY, NZD, CAD, EUR and GBP. Recent mid-term strength indicator reading for AUD is 5 out of 8, thus suggesting that the current swing may...
NZD/JPY Analysis
Greetings. Let’s take a look at the NZD/JPY chart. Looking at the longer term daily chart, it looks like the pair may be heading up to potentially form an Ending Diagonal (ED). If this happens, look for...
Daily FX Market Outlook by AceTrader-7-7-2011
Market Review – 06/07/2011 19:41 GMT Euro falls to one-week low due to persistent fears of European debt crisis Euro tumbled to a one-week low versus the dollar on Wednesday due to the escalating concerns on European...
Forex-Metal Daily Analysis -06/07/2011
BoE is expected to leave the principal rate at the record-breaking minimum level.
STOR suggesting a beginning of short/mid-term bearish swing for CAD
07/06/2011 12:59 UTC CAD swings lower as it weakens against the USD, JPY, AUD, CHF and NZD. Recent mid-term strength indicator reading for CAD is 6 out of 8, thus suggesting that the current swing may be...
Forexpros.com Daily Analysis – 06/07/2011
ForexPros Daily Analysis July 06, 2011 Double Inverted Head and Shoulders in USD/CAD? At present, the daily graph of the USD-CAD must be one of the least attractive looking charts of major currencies. After reaching a low...
Daily Market & Forex Review for July 6, 2011 by SolidityBrokers.com
Equities spent Tuesday searching for a direction with two out of three exchanges finishing the day down on exceedingly light trading volume to begin the holiday-shortened week. The market has moved from being oversold, and ripe for...