USD/JPY Analysis (September 2)
The pair continues to trade flat just above its historical low (76,00). A material might be in place but we now need to see a break above 77,70 (recent high) to confirm a bullish reversal.
Category: Daily Forex Reports
GBP/USD Analysis (September 2)
With a break below its daily rising trendline yesterday, the Cable has confirmed a bearish bias thus we expect a continuation towards next key support at 1,60 (weekly bollinger band).
EUR/USD Analysis (September 2)
The pair is now under pressure after a new fail to establish above 1,45. Daily studies are pointing to further losses over the coming sessions.
Forex-Metal Daily Analysis – 02/09/2011
Concerns over the spreading of the European crises pressure the euro.
USD/CAD Technical Analysis September 2, 2011
The USD/CAD pair fell again on Thursday, although did not manage to break through the bottom of the hammer from Wednesday. This shows that there is still some support in the 0.97 area, and it will have...
USD/CHF Technical Analysis September 2, 2011
The USD/CHF pair fell again on Thursday as traders continue to buy the Swiss Franc against most other currencies. The pair tested a weekly trend line and failed to the upside a couple days ago, and as...
USD/JPY Technical Analysis September 2, 2011
The USD/JPY pair rose quite a bit on Thursday, but only to fall again in later trading. The 77 level is now turning into significant resistance at this point, and should keep a bit of a cap...
EUR/USD Technical Analysis September 2, 2011
The EUR/USD pair fell hard on Thursday, as traders are focusing on the various issues in the European debt markets. The Non-Farm Payroll report comes out at 8:30 a.m. New York time and this pair will certainly...
GBP/USD Technical Analysis September 2, 2011
The GBP/USD pair fell on Thursday, and even managed to break below the 1.62 mark as traders sold off many risk-related assets around the world. The Pound has been a favorite of sellers lately, but now is...
AUD/USD Technical Analysis September 2, 2011
The AUD/USD pair rose on Thursday, and continues to impress in its ability to rise in the face of a “risk-off” environment. The Aussie is now becoming a bit of a safe haven play, albeit moderately so,...