AUD/USD analysis (July 02nd 2011)
The pair has ended an almost 50% retracement of its rally starting in March with a bounce on top of the 1,04 area. A clear break above previous high at 1,0775 would expose a test of all...
Tag: AUDUSD
AUDUSD Analysis – July 2, 2011
AUDUSD bounce strongly from 1.0390 and reached as high as 1.0789, suggesting that a cycle bottom had been formed. Now the rise would possibly be resumption of long term uptrend from 0.8066 (2010 low), further rise to...
AUD/USD analysis (July 01st 2011)
After 3 days of an impressive rally, we have seen AUD/USD consolidating yesterday drawing a doji on the daily chart. The daily upper bollinger band being reached, we might see some corrective move going forward.
AUD/USD Technical Analysis for July 1, 2011
The AUD/USD pair rose again on Thursday, showing that the break of the descending triangle is confirmed. However, there is the resistance area around 1.0750 as the recent highs. The breaking of that area is massively bullish,...
1st July, 2011 – Daily Forex Report by GFM Research
The Dollar Index (DXU11) depreciates for the straight fourth trading session to trade below the critical support of 74.70 on the event of recovery witnessed in the key equity index of the Dow Jones Industrials (DJIA). The...
Forex-Metal Daily Analysis -30/06/2011
Greek parliament approves of the austerity measures.
AUD/USD Technical Analysis for June 30, 2011
Yesterday we said that we need to see the AUD/USD break above the red trend line – a line that formed the descending triangle in order to buy this pair. That is exactly what is has done...
30th June, 2011 – Daily Forex Report by GFM Research
The Dollar Index (DXU11) depreciates for the straight third trading session to trade below the critical support of 74.70 on the event of recovery witnessed in the key equity index of the Dow Jones Industrials (DJIA). The...
29th June, 2011 – Daily Forex Report by GFM Research
The Dollar Index (DXU11) depreciates for the straight second trading session on the event of recovery witnessed in the key equity index of the Dow Jones Industrials (DJIA). Most of the depreciation was contributed by the Euro,...
Forex-Metal Daily Analysis -28/06/2011
Expectations for the Greek parliament decision.