USD/CHF Analysis (August 18)
The pair remains very well bid after its sharp rally from last week but it is currently consolidating.
Category: Daily Forex Reports
USD/JPY Analysis (August 18)
The pair continues to trade flat above its historical low at 76,30 but remains under pressure.
GBP/USD Analysis (August 18)
The Cable was one the big movers of the last trading session reaching a top near 1,66.
EUR/USD Analysis (August 18)
The pair remains well bid after a confirmed break above the long term descending trendline. The former resistance is now playing as a strong support.
USD/CAD Technical Analysis August 18, 2011
The USD/CAD pair fell below the all-important 0.98 level on Wednesday, only to bounce back up and above it. The resulting candle looks a lot like a hammer and as such, we think this pair could consolidate...
AUD/USD Technical Analysis August 18, 2011
The AUD/USD pair rose above the 1.05 level, and managed to hold above that level on Wednesday. The pair now looks set to try and reach the 1.0750 level as the gold market is strong, and the...
USD/CHF Technical Analysis August 18, 2011
The USD/CHF had a consolidation day on Wednesday as traders are digesting the move by the Swiss National Bank to devalue the Franc.
GBP/USD Technical Analysis August 18, 2011
The GBP/USD pair rose on Wednesday as traders dumped the USD and bought the GBP, obtensively based upon the higher than expected inflation numbers out of the UK on Monday.
USD/JPY Technical Analysis August 18, 2011
The USD/JPY pair fell on Wednesday as traders continue to test the patience of the Bank of Japan. As the bank has recently intervened, and has stated several times that it is “monitoring the currency markets”, it...
EUR/USD Technical Analysis August 18, 2011
The EUR/USD had a bullish day to start with on Wednesday, but pulled back to form a bit of a shooting star at the top of the recent downtrend channel. It should also be noted that the...