GBP/USD Technical Analysis July 13, 2011
GBP/USD fell hard on Tuesday, but bounced to form a hammer just above the all-important 1.59 level. The candle shows how hard it is going to be to break the level, and days like this is why...
Author: ForexMansion.com
USD/CAD Technical Analysis July 13, 2011
The USD/CAD pair spiked during the Asian and European session on Tuesday, but fell just as quickly once the Americans came into the market. The candle at the end of the day is looking like a shooting...
AUD/USD Technical Analysis July 13, 2011
The AUD/USD pair fell, but found support in the late hours of trading as traders bought it at a discount in the US. The pair looks like it will try to find footing at the 1.06 level,...
AUD/USD Technical Analysis for July 8, 2011
The AUD/USD pair rose again on Thursday as the bull market continues in the Aussie. The pair looks especially strong, and on a break of Thursday’s highs, we would be buyers. However, it should be kept in...
EUR/USD Technical Analysis for July 8, 2011
EUR/USD fell hard on Thursday, but managed to form a hammer right above the 1.43 area, a level that has shown it to be minor support and resistance in the past. Because of this, we feel that...
GBP/USD Technical Analysis for July 8, 2011
GBP/USD fell again on Thursday as traders are starting to shun owning the Pound across all markets. We maintain that the 1.59 mark is crucial if the bulls want any hope of staying in control That area...
USD/CAD Technical Analysis for July 8, 2011
The USD/CAD pair validated the shooting star at the 0.9650 mark on Thursday, falling down below the 0.96 handle and testing a minor support area. While it did bounce a little in late trading, the truth is...
USD/CHF Technical Analysis for July 8, 2011
USD/CHF rose on Thursday, but fell in retreat when it tested the 0.85 mark. This leads us to believe that the consolidation range between 0.83 and 0.85 will remain intact for the short-term. This pair is in...
USD/JPY Technical Analysis for July 8, 2011
USD/JPY rose on Thursday, sending the pair over the 81 mark on the close. The pair still looks very tight, and such doesn’t offer much in the way of volatility these days. Until we can break above...
AUD/USD Technical Analysis July 6, 2011
The AUD/USD pair fell on Tuesday, but looked to find support at the 1.07 area. The pair is in a strong bullish market, so we prefer buying on the dips – at least until 1.05 gives way....