GBP/USD forecast July 23, 2012, Technical Analysis
The GBP/USD pair fell hard on Friday, as the “risk off” trade came rushing back into the markets. The change in attitude saw the Dollar reign during the day, and as such we are not willing to...
Category: Daily Forex Reports
AUD/USD forecast July 23, 2012, Technical Analysis
The AUD/USD pair fell on Friday as the “risk off” trade came roaring back. The Aussie should continue to fall in the short term, but the 1.03 level below looks very supportive. It is because of this...
USD/CAD forecast July 23, 2012, Technical Analysis
The USD/ CAD pair rose during the session on Friday, to retest the previous support area for resistance. So far, it has held. This is certainly a reaction to the “risk off” attitude of the markets, and...
AUD/USD: technical analysis – July 20, 2012
The aussie has been rising, although it has slowed down after reaching close to the underside of a major multi-year trend-line which would be expected to exert downward pressure. It has also pulled back 61.8% of the...
EUR/USD: triangle completing
The EUR/USD has consolidated in a sideways triangle pattern. It looks almost complete as it narrows into the apex. A break below the 1.2228 level would signal a continuation down, probably to 1.2160 where the weekly pivot...
Risk Taking Benefits Higher Yielding Assets
Higher yielding assets like the Australian dollar saw significant gains during the European session yesterday after several positive global indicators led to risk taking in the marketplace. In addition, the ongoing tensions between Iran and the West...
GBP/USD: bullish continuation
Cable has broken out of the triangle in which it was consolidating and started to rally up quite strongly. 1.5750 is within reach and after that there is the possibility of a continuation to the level of...
Forex-Metal Daily Analysis -19/07/2012
Market review for 18.07.12: The Bank of England decided to keep its interest rate at a low record level of 0.5 %. Asian and European trading sessions:
EUR/USD: downside possible
The EUR/USD pair has risen and reached resistance from the top of a major down-sloping channel. It has formed a bearish shooting star on the hourly and it could roll-over and fall to support from the trend-line...
EURGBP Falls on Merkel’s Comments
The previous European trading session saw the decline of the Euro against the British pound as German Chancellor Angela Merkel’s comments shook the financial markets. In the UK, the unemployment rate in May dropped to 8.1 percent,...