The USD/CAD pair fell during the session on Wednesday to retest the 1.0150 support level. With the oil markets having a relatively quiet day it’s not a surprise that this pair did as well. The oil markets...
Technical analysis for 11.07
A meeting of euro-zone finance ministers failed to boost investor confidence regarding the economic recovery in the region, and resulted in the EUR resuming its downward trend.
The EUR/USD pair fell during the session on Tuesday as the situation in Europe still seems far from being solved. The Italian prime minister mentioned on Tuesday that he could not rule out the Italians needing a...
The USD/JPY pair fell for most of the session on Tuesday as the 79 level has held and been proven to be supportive yet again. The pair is currently being propped up by the Bank of Japan,...
GBP/USD fell for most of the Tuesday session as the “risk off” trade came back into play. This was probably less of a referendum on the British pound then it was a confirmation of US dollar bullishness.
The AUD/USD pair formed a shooting star on Tuesday after initially trying to surge on optimism. The pair does look rather weak at this point in time, and judging by last week’s shooting stars at the 1.03...
The USD/ CAD pair initially fell during Tuesday trading, only to turn around and bounce. The 1.0150 level looks like it’s trying to be supportive again, and there is the possibility that we are simply just bouncing...
The EUR/JPY had been falling but has now formed a double-bottom at the lows which is bullishly converging with momentum. This could signal a recovery bounce with a break above 97.94 – the 76.4% Fibonacci level of...
The EUR/USD is still correcting back higher and is close to the underside of the down-sloping trend-line on the 4-hr chart situated at 1.2320. Substantial selling is likely at that level and this may push the exchange...
