GBP/USD Technical Analysis August 2, 2011
The GBP/USD pair fell hard on Monday as traders failed to break above the 1.65 level. This area has been identified by us as a potentially major resistance area, and as such – we were ready. The...
Category: Daily Forex Reports
USD/JPY Technical Analysis August 2, 2011
The USD/JPY pair had an extremely wild day on Monday as traders weigh the results of a possible debt limit deal along with the idea of a possible Bank of Japan intervention in the FX markets.
EUR/USD Technical Analysis August 2, 2011
The EUR/USD first rose, then fell during the Monday session. The fact that it has broken below the bottoms of two o hammers suggests that some kind of major support in the 1.4250 area might be getting...
Forexpros.com Daily Analysis – 02/08/2011
ForexPros Daily Analysis August 02, 2011 Will AUD/CAD Form a Double Top? Perhaps more than other crosses, pair of the commodity currencies go through more periods of consolidation. That happens because they often respond in a similar...
Recent Recommended Trades by AceTrader
Update Time: 02 Aug 2011 08:10GMT DAILY USD/CHF OUTLOOK – 0.7788 Despite dlr’s anticipated retreat fm 0.7857 to 0.7759, current rebound suggests further choppy consolidation abv y’day’s record low of 0.7733 wud continue n another rebound to...
2nd August, 2011 – Daily Forex Report by GFM Research
The US Dollar strengthens across the board especially against the Euro and the Cable; the Dollar Index (DXU11) finds stability again in the ranges of 74.00 after it has hit critical support of 73.40 ranges; despite the...
US Debt Ceiling Agreement in Place; Details to Come Later?
The indication that a debt deal had been struck by members of both parties in the US Congress had initially driven the value of the US dollar (USD) higher in trading yesterday morning.
AUD/USD Analysis (August 2)
After an impressive rally towards a fresh record high at 1,1080 the pair seems ready for a corrective move as the market reached the upper weekly bollinger band.
USD/CAD Analysis (August 2)
The pair might be in the process of carving out a double bottom formation on the weekly chart which would open the door to a major reversal this year.
USD/CHF Analysis (August 2)
The Swiss Franc continues to be agressively bought and the fresh low from yesterday at 77,30 confirms the strong bearish pressure on the USD/CHF.