USD/CAD Technical Analysis July 13, 2011
The USD/CAD pair spiked during the Asian and European session on Tuesday, but fell just as quickly once the Americans came into the market. The candle at the end of the day is looking like a shooting...
Category: Daily Forex Reports
AUD/USD Technical Analysis July 13, 2011
The AUD/USD pair fell, but found support in the late hours of trading as traders bought it at a discount in the US. The pair looks like it will try to find footing at the 1.06 level,...
Bernanke to Testify in Congress Today
Federal Reserve Board Chairman Ben Bernanke will be testifying before the House Financial Services Committee in Washington, D.C. at 15:00 GMT today. His remarks tend to generate significant volatility in the forex market as they may hint...
13th June, 2011 – Daily Forex Report by GFM Research
The US Dollar traded strong for most of the day; though it has trade strong though the Asian and European trading sessions, profit booking was witnessed during the American trading session on the event of the smart...
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...
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.