GBPUSD Analysis – July 20, 2013
After touching 1.4831 support, GBPUSD rebounded strongly from 1.4813, and the rise extended to as high as 1.5281. Further rally would likely be seen next week, and next target would be at 1.5550 area.
Author: ForexCycle.com
EURUSD Analysis – July 20, 2013
EURUSD stays in a trading range between 1.2756 and 1.3415. Another rise to test 1.3415 resistance would likely be seen next week, as long as this level holds, the price action from 1.2747 could be treated as...
Sterling Holds Its Ground Ahead of Bernanke
The change in the yield differential which has been altered over the last couple of trading session has allowed the sterling to hold support levels, in the face of a strong dollar which could now face continued...
USDCAD Analysis – July 13, 2013
USDCAD broke below 1.0460 support, suggesting that the uptrend from 1.0013 had completed at 1.0608 already. Further decline could be expected and the target would be at 1.0150 area. Resistance is now at 1.0608, only break above...
USDCHF Analysis – July 13, 2013
USDCHF failed to break above 0.9838 resistance and pulled back from 0.9751. Further decline to test 0.9130 support would likely be seen, a breakdown below this level will indicate that the long term downtrend from 0.9971 (Jul...
USDJPY Analysis – July 13, 2013
USDJPY’s upward movement from 93.79 reached 101.53 only. The subsequent fall suggests that a sideways movement in a range between 93.79 and 103.73 is underway.
AUDUSD Analysis – July 13, 2013
AUDUSD continues its downward movement from 1.0582, and the fall extends to as low as 0.8998. Resistance is at the downward trend line on daily chart, as long as the trend line resistance holds, further decline is...
GBPUSD Analysis – July 13, 2013
GBPUSD broke below 1.4831 support, suggesting that the long term downtrend from 1.6339 (Jan 2 high) has resumed. Further decline would likely be seen after consolidation, and next target would be at 1.4500 area.
EURUSD Analysis – July 13, 2013
EURUSD failed to break below 1.2747 support, and rebounded strongly from 1.2756, suggesting that the downward movement from 1.3415 had completed.
What Do You Need to Know about the Yield Curve?
The yield curve is the line that shows determined interest rates of bonds with different maturity levels but with equal credit. Often, it is reported to compare set periods such as six months, two years, and three...