USD/CHF analysis (July 25)
After a break below its daily range the pair has been consolidating last week despite the strong pressure on the US Dollar.
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USD/JPY analysis (July 25)
The pair is now following a clear downtrend and we might see additional pressure going forward.
GBP/USD analysis (July 25)
The GPB/USD has been well bid after a bounce on top of key 1,60 level. The market has validated a bullish structure which now potentially exposes 1,66 (weekly bollinger band).
EUR/USD analysis (July 25)
The EUR/USD has broken and closed above 1,4280 which validates a cup&handle pattern. But the pair is currently testing a strong descending trendline passing by 2 important lower tops in June and July.
USDCAD Analysis – July 23, 2011
USDCAD broke below 0.9444 support, suggesting that the long term downtrend from 1.0852 (2010 high) has resumed. Further fall could be seen next week, and next target would be at 0.9200 area. Resistance is at 0.9530, as...
USDCHF Analysis – July 23, 2011
USDCHF might be forming a cycle bottom at 0.8082 on daily chart. Consolidation of downtrend is expected in a couple of weeks, and further rally to test 0.8550 key resistance is possible, a break above this level...
USDJPY Analysis – July 23, 2011
USDJPY’s downward move from 85.51 extended to as low as 78.22. Further fall towards 76.40 previous low is still possible next week. Key resistance is now at 79.60, only break above this level will indicate that a...
AUDUSD Analysis – July 23, 2011
AUDUSD broke above 1.0798 resistance and continued its upward move from 1.0390. Further rise towards 1.1011 is expected in a couple of weeks, a break above this level will signal resumption of the long term uptrend from...
GBPUSD Analysis – July 23, 2011
GBPUSD formed a cycle bottom at 1.5781 on daily chart, and the rise extended to as high as 1.6338. further rise is still possible next week, and next target would be at 1.6500-1.6600 area. Support is at...
EURUSD Analysis – July 23, 2011
EURUSD formed a cycle bottom at 1.3837 on daily chart. Further rise is still possible next week, and next target would be at 1.4600-1.4700 area. Support is at 1.4250, only break below this level will suggest that...