USD/CAD Technical Analysis August 9, 2011
USD/CAD rose yet again on Monday as the oil markets continue to fall. The oil markets control the fate of the CAD, and as the Light Sweet Crude market is sitting right at $80 – we can...
Author: FX Empire
USD/JPY Technical Analysis August 9, 2011
USD/JPY fell again on Monday, as traders sold off everything risk related. In fact, the Dow fell over 600 points, and as such – the “risk off” trade came into play.
GBP/USD Technical Analysis August 9, 2011
GBP/USD fell hard on Monday as the “risk off” trade came into vogue again as a result of the US downgrade. The pair was near the top of the recent consolidation area, in the form of the...
AUD/USD Technical Analysis August 9, 2011
The AUD/USD fell yet again on Monday. The pair simply cannot get out of its own way, and now finds itself at a massive support area. If this area cannot hold – we are going to really...
EUR/USD Technical Analysis August 9, 2011
The EUR/USD pair fell on Monday, continuing the downward pressure that we have seen in this market for a while. The two purple lines on the chart point out how this pair has gradually fallen over the...
USD/JPY Technical Analysis for the Week of August 8, 2011
The USD/JPY pair saw intervention by the Bank of Japan this past week, but quickly gave up a lot of the gains from that action.
EUR/USD Technical Analysis for the Week of August 8, 2011
The EUR/USD had a fairly wild week as traders sold off, and then bought the Euro as the situation in the EU plays out. The pair does however look a bit like a flag, and as such...
USD/CAD Technical Analysis August 8, 2011
The USD/CAD pair finished the day fairly flat after rising, falling, and generally chopping the market back and forth. The day in the oil markets was very wild as well, and this would certainly have an effect...
AUD/USD Technical Analysis August 8, 2011
The AUD/USD had a fairly flat day in the markets as the day ended up almost unchanged on Friday. The low on Friday ended up being a fresh lower low, and that tells us that more than...
USD/CHF Technical Analysis August 8, 2011
The USD/CHF pair had a wild day during the Friday session, but eventually ended up fairly unchanged in the end. The pair is a “sell only” pair as far as we are concerned, and as such are...