GBPUSD Analysis – September 3, 2011
GBPUSD formed a cycle top at 1.6617 on daily chart. The fall from 1.6617 is now treated as resumption of downtrend. Deeper decline could be seen in a couple of weeks, and next target would be at...
Month: September 2011
EURUSD Analysis – September 3, 2011
After touching the upper border of the price channel on daily chart, EURUSD pulled back again, suggesting that lengthier consolidation of uptrend from 1.3837 is underway. Deeper decline could be seen next week, and target would be...
AUD/USD Analysis (September 2)
Despite the pressure on the majors and relative shift towards risk aversion, the Aussie is being resilient with only a slight consolidation in its current rally.
USD/CAD Analysis (September 2)
If a material base might be in place for a possible long term reversal, we haven’t seen yet a real confirmation of the bullish bounce started in July.
USD/CHF Analysis (September 2)
In our last analysis, we were expecting an extension of the decline towards 0,78 which has been reached today in a very high pace.
USD/JPY Analysis (September 2)
The pair continues to trade flat just above its historical low (76,00). A material might be in place but we now need to see a break above 77,70 (recent high) to confirm a bullish reversal.
GBP/USD Analysis (September 2)
With a break below its daily rising trendline yesterday, the Cable has confirmed a bearish bias thus we expect a continuation towards next key support at 1,60 (weekly bollinger band).
EUR/USD Analysis (September 2)
The pair is now under pressure after a new fail to establish above 1,45. Daily studies are pointing to further losses over the coming sessions.
Forex-Metal Daily Analysis – 02/09/2011
Concerns over the spreading of the European crises pressure the euro.
USD/CAD Technical Analysis September 2, 2011
The USD/CAD pair fell again on Thursday, although did not manage to break through the bottom of the hammer from Wednesday. This shows that there is still some support in the 0.97 area, and it will have...