AUD/USD Technical Analysis September 12, 2011
The AUD/USD fell on Friday, as did all risk-related currencies. However, the AUD is a bit insulated as there is massive demand for gold at the moment, and Australia has plenty of it.
Category: Daily Forex Reports
USD/CHF Technical Analysis September 12, 2011
The USD/CHF pair rose on Friday, and continues to hover above the 200-day moving average. Most traders recognize a breaking of the 200-day moving average as a trend change, and we certainly noticed the breaking of the...
GBP/USD Technical Analysis September 12, 2011
The GBP/USD pair fell hard on Friday after forming shooting star candles the previous two sessions. As we mentioned before, this is a bearish sign, and it finally triggered on Friday to produce sell signals.
USD/JPY Technical Analysis September 12, 2011
The USD/JPY fell after first rising during the Friday session to form a hammer just above the all-important 77 handle. Because of this, we are getting more and more interested in perhaps going long this pair.
EUR/USD Technical Analysis September 12, 2011
The EUR/USD pair finally came undone during the Friday session, and we have had a major breaking of support as a result. The pair smashed through the last of the support that it had, and as a...
EUR Declines on ECB Rate Statements
The euro was indeed seen dropping against the USD following the European Central Bank’s (ECB) latest announcement regarding interest rates, known as the Minimum Bid Rate.
AUD/USD Technical Analysis September 9, 2011
The AUD/USD pair fell a bit on Thursday, but stayed above the 1.05 support level. As long as this pair does, it cannot be sold, and should be expected to stay somewhat afloat.
EUR/USD Technical Analysis September 9, 2011
The EUR/USD pair fell hard on Thursday as ECB Chairman Trichet did his best to talk down expectations in the EU. The pair is now significantly below the 1.40 mark, and as such looks very, very weak.
GBP/USD Technical Analysis September 9, 2011
The GBP/USD pair rose on Thursday after the Bank of England had no mention of any new quantitative easing, pushing the value of the Pound upward. However, as the day wore on, it started to focus on...
USD/CAD Technical Analysis September 9, 2011
The USD/CAD pair rose on Thursday again, but still remains in the consolidation area that we have been stuck in for a few weeks now. The pair is held hostage by the oil markets, which naturally pullback...