AUD/USD analysis (July 17)
The pair is now back under pressure after a new fail at the top of its range (1,08). Considering the latest price actions, we now expect a new test of 1,05 with a possible extension towards 1,0450...
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USD/CAD analysis (July 17)
After a new fail to establish above 0,97 and despite an attempt to hold above 0,9550 last week, the pair remains in intense bearish pressure.
USD/CHF analysis (July 17)
The breakout of the daily range has opened the door to additional losses on the pair which continues to print record lows week and week.
USD/JPY analysis (July 17)
After a confirmed break below critical level at 80,00, we see additional pressure on the pair going forward.
GBP/USD analysis (July 17)
The picture on the Pound is slightly different from the Euro. After a bounce on its lower bollinger band, the GBP/USD has made an impressive rally (in one day precisely) to reach the 1,62 level.
EUR/USD analysis (July 17)
After a significant breakout of a daily triangle, the pair has found some great support on top of the 1,39 level coinciding with the 200 moving average. We have then seen a pullback towards the former triangle...
US Dollar analysis (July 17)
Since the beginning of May, the US Dollar Index is consolidating in a wedge figure and we might see the market going upside and down over the coming days as the overall outlook remains unclear.
USDCAD Analysis – July 17, 2011
USDCAD’s fall from 0.9912 extended to as low as 0.9520. Further fall to test 0.9444 previous low support is still possible next week, a breakdown below this level will indicate that the long term downtrend from 1.0852...
USDCHF Analysis – July 17, 2011
USDCHF continued its downward move from 1.1730 (2010 high) and reached as low as 0.8084. Further fall is expected after a minor consolidation and next target would be at 0.7900 area. Resistance is at the downtrend line...
USDJPY Analysis – July 17, 2011
USDJPY broke below 79.57 support and reached as low as 78.46. Deeper decline is expected next week, and next target would be at 77.50 area. Resistance is at 80.00, only break above this level could indicate that...