AUD/USD analysis (July 13, 2011)
The pair continues to evolve in its daily range delimited by the bollinger bands. We consider that a clear break through either 1,08 or 1,04 would give us a directional bias. For the time being, we have...
Category: Daily Forex Reports
USD/CAD analysis (July 13, 2011)
We were considering a bullish resumption on this pair lately and if the market has made an attempt towards 0,98 as expected, it wasn’t able to hold above 0,97. In fact, the reversal was quite impressive yerterday...
USD/CHF analysis (July 13, 2011)
The story remains the same with the USD/CHF which is still evolving in its daily range between 0,8275 and 0,8550. After a new test of all time low yesterday, we might see a bullish resumption today.
USD/JPY analysis (July 13, 2011)
The picture has now changed on the pair with the clear break below 80,00 and even 79,50 (may low). We are now bearish as long as 80,00 is resistance.
GBP/USD analysis (July 13, 2011)
The Cable might be in the process to build a significant bounce on top of its recent low near 1,5775 correspondong to the 2011 low. Indeed, the bounce coincides with the lower bollinger band and the studies...
EUR/USD analysis (July 13, 2011)
The Euro has been accelerating its decline below 1,40 to reach a new fresh low near 1,38. It is interesting to see that yesterday’s bounce coincides with the 200 moving average.
EUR/USD Outlook
Greetings. Let’s take a look at the EUR/USD chart. We saw what seemed to be a Contracting Triangle and we’re currently below the bottom trend line. We may potentially see one more push up, however, it looks...
Daily FX Market Outlook by AceTrader 13-7-2011
Market Review – 12/07/2011 21:32 GMT Euro rebounds on short covering after the European officials’ supportive comments Despite initial selloff below 1.4000 to a 4-month low at 1.3838 in Europe on fears that eurozone leaders were not...
STOR suggesting a beginning of short/mid-term bullish swing for CAD
07/12/2011 14:44 UTC CAD swings higher as it strengthens against the USD, AUD, EUR, GBP and NZD. Recent mid-term strength indicator reading for CAD is 6 out of 8, thus suggesting that the current swing may be...
STOR suggesting a beginning of short/mid-term bullish swing for JPY
07/12/2011 11:13 UTC JPY swings higher as it strengthens against the EUR, GBP, AUD, NZD and CAD. Recent mid-term strength indicator reading for JPY is 8 out of 8, thus suggesting that the current swing may be...