GBP/USD analysis (July 22)
The Cable has confirmed a bullish structure by breaking above 1,62 with a strong momentum. Next immediate target comes in at 1,64 but we might see the pair rallying towards 1,66 (daily bollinger band).
Category: Daily Forex Reports
EUR/USD analysis (July 22)
As we expected, the pair has finally broken through the 1,43 resistance to establish above 1,44 in a sharp move. We now expect a test of 1,45 with a possible extension towards 1,46 (daily bollinger band).
Daily FX Market Outlook by AceTrader-22-7-2011
Market Review – 21/07/2011 22:27 GMT Euro surges after EU leader reached an aid package for Greece The single currency rallied to a two-week high on Thursday as the euro zone leaders finally agreed on a second...
Forexpros.com Daily Analysis – 21/07/2011
ForexPros Daily Analysis July 21, 2011 Higher-lows pattern in GBP/USD GBP/USD The pound resumed strengthening against the USD, and made a “higher-lows” pattern (blue lines). The MPC meeting minutes was publish yesterday, and showed no change in...
21st July, 2011 – Daily Forex Report by GFM Research
The USD depreciated homogeneously against most of the majors, though it has traded flat against the Japanese Yen and the Aussie Dollar. It seems that the all the eyes are Euro Zone debt crisis and the US...
Heavy News Day Coincides with Fed Testimony on Dodd-Frank
Today’s market should be highly volatile and traders will want to be on guard as they traverse today’s investment landscape. The most impactful news of the day will come from both the United States and Europe which...
AUD/USD analysis (July 21)
The pair continues to evolve in its daily range and we don’t see any clear directional bias over the immediate term. In fact, the AUD/USD has been offering very interesting opportunities to swing traders while moving upside...
USD/CAD analysis (July 21)
The USD/CAD is now evolving in a clear bearish trend and is currently testing its multi-year low at 0,9450. A break below this level would accelerate decline with no clear target (the historical low from 2007 is...
USD/CHF analysis (July 21)
The market seems to have found a good support on top of 0,81. Considering the previous breakout of the daily range, we might see a pullback towards daily moving average at 0,8310.
USD/JPY analysis (July 21)
The pair is still in a consolidation mode since last week and the break below the critical level at 80,00. A break below 78,50 (last week low) would accelerate decline.