USD/CAD rose on Monday, bouncing slightly as the holiday in America crushed most of the volume. The pair broke through major support at the end of last week, and this sets us up for shorting this pair...
The USD/CHF pair rose on Monday, only to fall after piercing the 0.85 level. The pair has been bearish for ages, and this is the top of a recent consolidation range between 0.85 and 0.83. As such,...
The USD/JPY fell on light volume during the Monday session, but managed to bounce back up. Because of the conflicting bearish and bullish candlesticks we are getting recently, we advise to stay out of this pair at...
Despite the recent strong move upward, the AUD/USD is still evolving in a trading range and it is now carving out some kind of top ahead of 1,08 which need to be confirmed though.
The pair is back under pressure after its break below its rising trendline. Next target is given at 0,95 (weekly bollinger band) with an extension towards multi-year low at 0,9450.
The pair remains well bid after its sharp bounce on top of its historical low at 0,8270. Next key resistance is given at 0,8550.
The pair is still consolidating above the key 80,00 level. A material base seems to be in place and a break above 81,30 would expose next resistance at 82,00.
The pair might be ready to resume its move to the downside after a shy attempt above 1,61 resistance.
After a 5-days rally, the EUR/USD seems to have found some resistance ahead of 1,4570 validating a descending trendline started in the beginning of May.
Market Review – 04/07/2011 16:19 GMT Euro pares gain after S&P says debt rollover may put Greece in ‘selective default’ The single currency extended last week’s rally to a fresh one-month high of 1.4580 in Australia on...
