USD/CHF Analysis (September 8)
The break back above 0,8250 has validated a bullish reversal (cup&handle) which confirm a bullish outlook.
Category: Daily Forex Reports
USD/JPY Analysis (September 8)
The pair continues to trade flat above its historical low (76,00) and we now wait for the market to start a meaningful move.
GBP/USD Analysis (September 8)
The pair is also under an intense downside pressure after a break below another key level at 1,60.
EUR/USD Analysis (September 8)
The pair remains under pressure ahead of the important ECB rate decision (11:45 GMT) and M. Trichet statement (12:30 GMT).
USD/CAD Technical Analysis September 8, 2011
The USD/CAD pair fell on Wednesday, after failing to close above the 0.99 level the day before. The oil markets are starting to come back into play as the storms in the Atlantic could have an adverse...
AUD/USD Technical Analysis September 8, 2011
The AUD/USD pair rose on Wednesday, and even broke above the gap formed at the beginning of the week. The 1.05 level has held as massive support, and as such – we like buying on dips or...
USD/CHF Technical Analysis September 8, 2011
The USD/CHF pair had a very quiet day on Wednesday, which is understandable since the day before had roughly an 800 pip range. The pair hasn’t pulled back yet, but after the recent action in it, we...
GBP/USD Technical Analysis September 8, 2011
The GBP/USD pair rose during the Wednesday session, but failed to close above the 1.6000 level. The resulting candle is a “shooting star-like” candle that appears at the bottom of the recent range.
USD/JPY Technical Analysis September 8, 2011
USD/JPY continues to drift higher, even after falling initially during the Wednesday session. The pair fell from the 77.50 level all the way down to the 77 area. The 77 handle proves to be supportive again, and...
EUR/USD Technical Analysis September 8, 2011
The EUR/USD found support at the 1.40 area on Wednesday as the German high courts ruled that it was in fact legal for the German government to help bailout the Greek government. However, the ruling also stated...