GBP/USD Technical Analysis for July 29, 2011
The GBP/USD pair had a very quiet day on Thursday as traders are simply confused as to which way to trade as the debt ceiling talks in America continue to stall as lawmakers cannot come to a...
Category: Daily Forex Reports
USD/CAD Technical Analysis for July 29, 2011
The USD/CAD pair fell and then bounced from the 0.9450 level on Thursday, perhaps suggesting that we are ready to bounce even higher.
USD/CHF Technical Analysis for July 29, 2011
The USD/CHF pair continued to tread water on Thursday as the markets are seemingly focused on only one thing right now: the US debt talks.
USD/JPY Technical Analysis for July 29, 2011
The USD/JPY pair fell again on Thursday, as the markets still fear the results of the debt crisis in the US. The lack of progress is hampering the ability of the Dollar to gain against the Yen...
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.
USD/CAD Analysis (July 29)
The pair is carving out a material base on top of 0,94 by validating a double bottom on the 4-hour chart confirmed by a positive divergence on the MACD.
USD/CHF Analysis (July 29)
The pair continues to consolidate near the psychological level at 0,80. The pressure remains on the downside and we might see additional decline going forward particularly if a break is confirmed below 0,80.
USD/JPY Analysis (July 29)
The pair continues to trade lower after a new fresh low printed overnight below 77,60. We see no sign of a possible reversal yet except maybe the daily and weekly studies being in oversold zone which is...
GBP/USD Analysis (July 29)
After a high near 1,6450, the market is currently testing an ascending trendline on the 4-hour chart. A clear break below 1,63 would expose a setback towards 1,62 (38% retracement of the current rally).
EUR/USD Analysis (July 29)
The pair has found some support on top of its 20 moving average after a low at 1,4250.