USD/CAD analysis (July 11, 2011)
It has been a few days we were poiting out the possibility of a long term reversal pattern (cup&handle) on the pair for a possible long term shift in the trend. The latest price actions and the...
Category: Daily Forex Reports
USD/CHF analysis (July 11, 2011)
The pair didn’t manage to confirm its bounce after a new fail on the 0,85 level near the key resistance at 0,8550. Next target is now the bottom of the daily range at 0,83 (lower bollinger band).
USD/JPY analysis (July 11, 2011)
The pair is now back under pressure and we see additional weakness going forward. Technically, the roll-over from 81,50 combined with overbought studies are pointing to a new test of 80,00 critical level.
GBP/USD analysis (July 11, 2011)
AS we mentioned in our previous analysis, the Cable is the process of building a double bottom formation after a significant bounce on friday. Next key resistance is represented by previous high at 1,6150.
EUR/USD analysis (July 11, 2011)
The pair is evolving in a middle term triangle with limits between 1,45 and 1,42 i.e. 300 pips range. The bottom of the triangle is now being tested and there is a good probability of a breakout...
Daily FX Market Outlook by AceTrader-11-7-2011
Market Review – 09/07/2011 01:24 GMT Dollar tanks against the Japanese yen on disappointing U.S. jobs data The dollar tumbled versus the Japanese yen and the Swiss franc after the release of much worse-than-expected key U.S. jobs...
STOR suggesting a beginning of short/mid-term bearish swing for USD
07/08/2011 12:51 UTC USD swings lower as it weakens against the EUR, GBP, JPY, CHF and NZD. Recent mid-term strength indicator reading for USD is 3 out of 8, thus suggesting that the current swing may be...
STOR suggesting a beginning of short/mid-term bearish swing for AUD
07/08/2011 12:32 UTC AUD swings lower as it weakens against the USD, JPY, NZD, CHF and GBP. Recent mid-term strength indicator reading for AUD is 6 out of 8, thus suggesting that the current swing may be...
STOR suggesting a beginning of short/mid-term bullish swing for CHF
07/08/2011 12:32 UTC CHF swings higher as it strengthens against the AUD, CAD, EUR, GBP and NZD. Recent mid-term strength indicator reading for CHF is 5 out of 8, thus suggesting that the current swing may be...
STOR suggesting a beginning of short/mid-term bullish swing for GBP
07/08/2011 12:31 UTC GBP swings higher as it strengthens against the EUR, CHF, NZD, CAD and AUD. Recent mid-term strength indicator reading for GBP is 1 out of 8, thus suggesting that the current swing may be...