AUD/USD analysis (July 02nd 2011)
The pair has ended an almost 50% retracement of its rally starting in March with a bounce on top of the 1,04 area. A clear break above previous high at 1,0775 would expose a test of all...
Month: July 2011
USD/CAD analysis (July 02nd 2011)
With a break below its rising trendline last week, the USD/CAD is poised to resume its downtrend with a next target at 0,95 (near previous low and weekly lower bollinger band).
USD/CHF analysis (July 02nd 2011)
Although the long trend remains bearish, we think that the USD/CHF in on the verge of a major corrective move of top of its historical low at 0,8275.
USD/JPY analysis (July 02nd 2011)
The pair is consolidating since the beginning of June and the bounce on top of 80,00 become critical support.
GBP/USD analysis (July 02nd 2011)
Over the long term, the Cable is a bit choppy evolving without a clear direction. The pair has found a great support on top the weekly lower bollinger band at 1,59.
EUR/USD analysis (July 02nd 2011)
The break above 1,4440 on June 29th has validated a double bottom formation which opens the door for a test of June high at 1,47. A break above this level would expose 2011 high at 1,4940.
USDCAD Analysis – July 2, 2011
USDCAD broke below 0.9669 key support, and reached as low as 0.9580, suggesting that a cycle top had been form at 0.9912 on daily chart, and the rise from 0.9444 had completed. Deeper decline towards 0.9444 previous...
USDCHF Analysis – July 2, 2011
USDCHF is facing the resistance of the downtrend line from 0.9774 to 0.9339, as long as the trend line resistance holds, the price action from 0.8326 could be treated as consolidation of downtrend, and another fall towards...
USDJPY Analysis – July 2, 2011
USDJPY traded in a range between 79.58 and 82.22 for several weeks. The price action in the range is treated as consolidation of downtrend from 85.51. Another fall to 78.00 would likely be seen after consolidation, and...
AUDUSD Analysis – July 2, 2011
AUDUSD bounce strongly from 1.0390 and reached as high as 1.0789, suggesting that a cycle bottom had been formed. Now the rise would possibly be resumption of long term uptrend from 0.8066 (2010 low), further rise to...