USD/CHF Technical Analysis for July 5, 2011
The USD/CHF pair rose on Monday, only to fall after piercing the 0.85 level. The pair has been bearish for ages, and this is the top of a recent consolidation range between 0.85 and 0.83. As such,...
Category: Daily Forex Reports
USD/JPY Technical Analysis for July 5, 2011
The USD/JPY fell on light volume during the Monday session, but managed to bounce back up. Because of the conflicting bearish and bullish candlesticks we are getting recently, we advise to stay out of this pair at...
AUD/USD analysis (July 05 2011)
Despite the recent strong move upward, the AUD/USD is still evolving in a trading range and it is now carving out some kind of top ahead of 1,08 which need to be confirmed though.
USD/CAD analysis (July 05 2011)
The pair is back under pressure after its break below its rising trendline. Next target is given at 0,95 (weekly bollinger band) with an extension towards multi-year low at 0,9450.
USD/CHF analysis (July 05 2011)
The pair remains well bid after its sharp bounce on top of its historical low at 0,8270. Next key resistance is given at 0,8550.
USD/JPY analysis (July 05 2011)
The pair is still consolidating above the key 80,00 level. A material base seems to be in place and a break above 81,30 would expose next resistance at 82,00.
GBP/USD analysis (July 05 2011)
The pair might be ready to resume its move to the downside after a shy attempt above 1,61 resistance.
EUR/USD analysis (July 05 2011)
After a 5-days rally, the EUR/USD seems to have found some resistance ahead of 1,4570 validating a descending trendline started in the beginning of May.
Daily FX Market Outlook by AceTrader-5-7-2011
Market Review – 04/07/2011 16:19 GMT Euro pares gain after S&P says debt rollover may put Greece in ‘selective default’ The single currency extended last week’s rally to a fresh one-month high of 1.4580 in Australia on...
STOR suggesting a beginning of short/mid-term bullish swing for USD
07/05/2011 01:38 UTC USD swings higher as it strengthens against the EUR, GBP, JPY, CHF and AUD. Recent mid-term strength indicator reading for USD is 3 out of 8, thus suggesting that the current swing may be...