GBP/USD Analysis (September 1)
Following the Euro decline, the Cable is also under pressure and we might see additional losses going forward.
Month: September 2011
EUR/USD Analysis (September 1)
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 – 01/09/2011
The Swiss Franc, the Yen and the US dollar remained supported.
Risk Aversion Growing as Employment Data Slumps
Economic news this week has pushed traders into a position of market pessimism. Little news has emerged which put a dent in the amount of pessimism surrounding the forex market, traders are now eyeing Friday’s NFP report...
USD/CAD Technical Analysis September 1, 2011
The USD/CAD pair fell on Wednesday, but managed to bounce in the later hours. Because of this, we formed a hammer on the daily chart, just below the 0.9800 handle. The trend is down, and oil looks...
AUD/USD Technical Analysis September 1, 2011
The AUD/USD pair had a neutral day on Wednesday as traders fought back and forth on whether the pair should rise or fall. The pair looks like it is trying to decide if it can break into...
USD/CHF Technical Analysis September 1, 2011
USD/CHF fell hard on Wednesday, after bumping up against a weekly trend line for a few days. The pair fell straight to 0.8000, and area that was once massive resistance. The bounce from there is good for...
GBP/USD Technical Analysis September 1, 2011
The GBP/USD pair fell hard on Wednesday as traders sold the Pound. The pair is approaching the 1.62 level, and will face support in this area. The market must close below the 1.62 level in order to...
USD/JPY Technical Analysis September 1, 2011
The USD/JPY pair fell on Wednesday, yet managed a nice bounce in the latter hours of the session. The candle for the day printed as a hammer, and just above the 76 level. The market is supported...
EUR/USD Technical Analysis September 1, 2011
EUR/USD fell again on Wednesday as fears over European debt issues reared their head again. The market is fragile at this point, but to be honest – the choppiness has taken a lot of the clear cut...