ForexPros Daily Analysis July 21, 2011 Higher-lows pattern in GBP/USD GBP/USD The pound resumed strengthening against the USD, and made a “higher-lows” pattern (blue lines). The MPC meeting minutes was publish yesterday, and showed no change in...
The USD depreciated homogeneously against most of the majors, though it has traded flat against the Japanese Yen and the Aussie Dollar. It seems that the all the eyes are Euro Zone debt crisis and the US...
Today’s market should be highly volatile and traders will want to be on guard as they traverse today’s investment landscape. The most impactful news of the day will come from both the United States and Europe which...
The pair continues to evolve in its daily range and we don’t see any clear directional bias over the immediate term. In fact, the AUD/USD has been offering very interesting opportunities to swing traders while moving upside...
The USD/CAD is now evolving in a clear bearish trend and is currently testing its multi-year low at 0,9450. A break below this level would accelerate decline with no clear target (the historical low from 2007 is...
The market seems to have found a good support on top of 0,81. Considering the previous breakout of the daily range, we might see a pullback towards daily moving average at 0,8310.
The pair is still in a consolidation mode since last week and the break below the critical level at 80,00. A break below 78,50 (last week low) would accelerate decline.
The momentum is still bullish on the Pound after the bounce we saw on top of 1,60 in the beginning of the week. A break above 1,62 would validate a bullish resumption with a next target at...
With the recent confirmed bounce on top of 1,40, the pair is in the process of building a nice cup&handle on the daily chart. 1,43 is the key level to watch.
Market Review – 20/07/2011 22:03 GMT Euro edges higher ahead of eurozone summit The single currency rose on Wednesday on optimism that EU leaders will conclude a successful rescue deal to ease Greece’s debt level at the...
