AUD/USD Analysis (July 29)
The pair may have carved out a top near its record high at 1,11. Indeed, the break below 1,10 has validated an intraday double top confirmed by a negative divergence on the MACD.
Tag: AUDUSD
29th July, 2011 – Daily Forex Report by GFM Research
The Dollar Index (DXU11) finds stability again in the ranges of 74.00 after it has hit critical support of 73.40 ranges. Key equity index of the Dow Jones Industrials (DJIA) is trading near important support of 12300;...
AUD/USD Technical Analysis July 28, 2011
The AUD/USD fell hard in the American session after originally rising during the Asian session. The pair is sitting over the 1.10 level, and even formed a hammer on the 4 hour chart at that level. This...
AUD/USD Analysis (July 28)
The pair continues its impressive rally since it has broken through the top of the daily range.
28th July, 2011 – Daily Forex Report by GFM Research
The US Dollar bounces back after depreciating for 4-5 trading sessions after the Dollar Index (DXU11) hit critical support of 73.40 ranges. Key equity index of the Dow Jones Industrials (DJIA) is trading near important support of...
27th July, 2011 – Daily Forex Report by GFM Research
The Greenback depreciated for the second week amidst possible credit default by the US; there is a possibility that the credit rating of the world’s largest economy may be degraded from current AAA+ rating. It seems the...
AUD/USD Analysis (July 27)
The upside move has been gathering pace over the past 2 days. Thanks to a better than expected CPI, we have seen the pair breaking through its record high at 1,10 during the asian session.
26th July, 2011 – Daily Forex Report by GFM Research
The Greenback traded flat amidst profit taking in the Dow Jones Industrials, historic correlation between DJIA Vs DX suggests the major trend is still bearish in the Dollar Index though short covering can be expected; only weekly...
AUD/USD analysis (July 26)
The Aussie has resumed its move to the upside overnight after 2 days of consolidation. The break above the daily range has now been confirmed with the pullback on 1,08 yesterday and we now expect a test...
25th July, 2011 – Daily Forex Report by GFM Research
The USD traded flat against most of the majors, historic correlation between DJIA Vs DX suggests the major trend is still bearish in the Dollar Index though short covering can be expected; only weekly close above 76.70...