AUD/USD Technical Analysis August 29, 2011
The AUD/USD pair rose on Friday as traders bought risk-related assets after the Bernanke speech at Jackson Hole. The lack of need for more QE in the US gave a lot of traders hope for more economic...
Month: August 2011
USD/CHF Technical Analysis August 29, 2011
The USD/CHF pair finally managed to break above the 0.80 level on Friday, and is closing about 70 pips above that line. This area has been very resistive over the last several sessions, and represents a serious...
GBP/USD Technical Analysis August 29, 2011
The GBP/USD pair fell again on Friday, but managed a reversal in the middle of the session after the Federal Reserve Chairman said in his speech that the US didn’t need more QE, and this started a...
USD/JPY Technical Analysis August 29, 2011
USD/JPY fell hard during the Friday session as traders piled into the Yen. The USD in general fell in value around the world as Bernanke stated in his Jackson Hole press conference that the US economy didn’t...
EUR/USD Technical Analysis August 29, 2011
The EUR/USD pair closed the day on Friday knocking on the door of the 1.45 resistance level, and as such – looks very bullish at the moment. However, this level has repelled the bulls several times, and...
USDCAD Analysis – August 27, 2011
USDCAD is forming a cycle top at 1.0009 on daily chart. Another fall to test 0.9765 is expected next week, a breakdown below this level will confirm the cycle top, then deeper decline towards 0.9406 previous low...
USDCHF Analysis – August 27, 2011
USDCHF broke above the downtrend line on daily chart, suggesting that the fall from 0.9774 has completed at 0.7067 already. Further rally is still possible in a couple of weeks, and next target would be at 0.8500...
USDJPY Analysis – August 27, 2011
USDJPY is in downtrend from 85.51, the price action from 76.29 is treated as consolidation of downtrend. Another rise would likely be seen next week, and target would be at 79.00 zone. Support is at 75.96, only...
AUDUSD Analysis – August 27, 2011
AUDUSD is in uptrend from 0.9927. Further rise could be expected next week, and next target would be at 1.0800 area. Support is at 1.0300, only break below this level could indicate that lengthier consolidation of uptrend...
GBPUSD Analysis – August 27, 2011
GBPUSD has formed a cycle top at 1.6617 on daily chart. Now the fall from 1.6617 would possibly be resumption of downtrend, deeper decline could be expected in a couple of weeks, and target would be at...