AUD/USD analysis (July 02nd 2011)
The pair has ended an almost 50% retracement of its rally starting in March with a bounce on top of the 1,04 area. A clear break above previous high at 1,0775 would expose a test of all...
Category: Daily Forex Reports
USD/CAD analysis (July 02nd 2011)
With a break below its rising trendline last week, the USD/CAD is poised to resume its downtrend with a next target at 0,95 (near previous low and weekly lower bollinger band).
USD/CHF analysis (July 02nd 2011)
Although the long trend remains bearish, we think that the USD/CHF in on the verge of a major corrective move of top of its historical low at 0,8275.
USD/JPY analysis (July 02nd 2011)
The pair is consolidating since the beginning of June and the bounce on top of 80,00 become critical support.
GBP/USD analysis (July 02nd 2011)
Over the long term, the Cable is a bit choppy evolving without a clear direction. The pair has found a great support on top the weekly lower bollinger band at 1,59.
EUR/USD analysis (July 02nd 2011)
The break above 1,4440 on June 29th has validated a double bottom formation which opens the door for a test of June high at 1,47. A break above this level would expose 2011 high at 1,4940.
Forex-Metal Daily Analysis -01/07/2011
Euro reaches its 3-months maximum.
AUD/USD analysis (July 01st 2011)
After 3 days of an impressive rally, we have seen AUD/USD consolidating yesterday drawing a doji on the daily chart. The daily upper bollinger band being reached, we might see some corrective move going forward.
USD/CAD analysis (July 01st 2011)
The USD/CAD is back under pressure after the break of its rising trendline (see chart below). We expect a continuation of the move to the downside with next target at 0,95 corresponding to the daily lower bollinger...
USD/CHF analysis (July 01st 2011)
We think the USD/CHF setup is now very constructive with the formation of a potential matrial base on top of the historical low at 0,8275. A break above 0,8550 is still required though to really validate a...