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.
Category: Daily Forex Reports
USD/CAD analysis (July 01st 2011)
The USD/CAD is back under pressure after the break of its rising trendline (see chart below). We expect a continuation of the move to the downside with next target at 0,95 corresponding to the daily lower bollinger...
USD/CHF analysis (July 01st 2011)
We think the USD/CHF setup is now very constructive with the formation of a potential matrial base on top of the historical low at 0,8275. A break above 0,8550 is still required though to really validate a...
USD/JPY analysis (July 01st 2011)
The setup is being contructive on the USD/JPY with a possible material base on top of the 80,00 support. We still need though to see the market establish above 81,00 for an acceleration to the upside.
GBP/USD analysis (July 01st 2011)
The Cable bounce on top of 1,59 has been well capped by 1,61 and a descending trendline (see chart below). The overall outlook remains bearish but the daily studies are pointing to further gains on the pair...
EUR/USD analysis (July 01st 2011)
The Euro remains well bid after its break above previous high at 1,4440. We now see a potential towards June high near 1,47.
STOR suggesting a beginning of short/mid-term bearish swing for GBP
07/01/2011 09:01 UTC GBP swings lower as it weakens against the USD, EUR, NZD, CAD and AUD. Recent mid-term strength indicator reading for GBP is 1 out of 8, thus suggesting that the current swing may be...
USD/CAD Technical Analysis for July 1, 2011
USD/CAD fell again on Thursday, breaking through the 0.9650 area. This is a very bearish sign, but it is at this point that the pair will find real support. The trading going forward will be approached by...
USD/CHF Technical Analysis for July 1, 2011
The USD/CHF pair skyrocketed in the earlier hours of Thursday, but fell quite hard in the latter hours. This shows that the trend is nowhere near being broken, and we still like selling rallies. If we get...
USD/JPY Technical Analysis for July 1, 2011
The USD/JPY pair fell hard on Thursday, and looked ready to test the 80 level. However, it found footing before we got there, and the day’s candle is forming a hammer-like candlestick. This shows that the pair...