EUR/USD Technical Analysis for the Week of August 8, 2011
The EUR/USD had a fairly wild week as traders sold off, and then bought the Euro as the situation in the EU plays out. The pair does however look a bit like a flag, and as such...
Month: August 2011
USD/CAD Technical Analysis August 8, 2011
The USD/CAD pair finished the day fairly flat after rising, falling, and generally chopping the market back and forth. The day in the oil markets was very wild as well, and this would certainly have an effect...
AUD/USD Technical Analysis August 8, 2011
The AUD/USD had a fairly flat day in the markets as the day ended up almost unchanged on Friday. The low on Friday ended up being a fresh lower low, and that tells us that more than...
USD/CHF Technical Analysis August 8, 2011
The USD/CHF pair had a wild day during the Friday session, but eventually ended up fairly unchanged in the end. The pair is a “sell only” pair as far as we are concerned, and as such are...
GBP/USD Technical Analysis August 8, 2011
The GBP/USD pair rose on Friday, as the Non-Farm Payroll numbers came out with an addition of 117,000 jobs in July.
USD/JPY Technical Analysis August 8, 2011
The USD/JPY pair fell on Friday as traders sold the Dollar off in the US session. The pair is decidedly bearish, but let us not forget that the Bank of Japan intervened recently.
EUR/USD Technical Analysis August 8, 2011
The EUR/USD pair rose on Friday as traders dumped the USD around the markets. The pair stopped short of the 1.4350 area. The pair has been very volatile, and as such hasn’t been one of our favorite...
USDCAD Analysis – August 6, 2011
USDCAD’s bounce from 0.9406 extended to as high as 0.9852, suggesting that lengthier consolidation of the long term downtrend from 1.0852 (2010 high) is underway. Further rise is still possible next week, and next target would be...
USDCHF Analysis – August 6, 2011
USDCHF’s downtrend from 0.9774 extended to as low as 0.7580. Further fall is still possible next week and next target would be at 0.7200 area. Resistance remains at the downtrend line on 4-hour chart, only a clear...
USDJPY Analysis – August 6, 2011
After touching 76.40 previous low, USDJPY rebound strongly from 76.29, suggesting that a cycle bottom has been formed on daily chart. Range trading between 76.29 and 80.23 would likely be seen in a couple of weeks.