Candlestick analysis of AUD/USD (long-term outlook)
On a weekly chart, the AUD/USD currency pair has formed Bullish Engulfing candlestick combination, which is a signal for an upward movement.
Category: Daily Forex Reports
Forexpros.com Daily Analysis – 27/07/2010
ForexPros Daily Analysis July 27, 2010 Fundamental Analysis: Core Durable Goods Orders The Core Durable Goods Orders measures the change in the total value of neworders for durable goods, excluding transportation. Because aircraft ordersare very volatile, the...
NZD USD in Depth
The pair managed to breach the correctional downside channel which led the downside correction that began from the permanent peak at 0.7634. This correction shows that it stopped at 38.2% Fibonacci around 0.6585 moving to the upside...
Major Currencies’ Morning Report 27/ July /2010
EURUSDThe pair succeeded in breaching 1.2935 and headed to the upside but it is not able till now to stabilize above 61.8% Fibonacci around 1.2990. Momentum indicators are showing negative signs that might force the pair to attempt a...
Crude Oil Morning Report 27/ July /2010
Crude’s trading is trapped within a sideway range between 78.50 and 79.35, where it is currently midway within the current bullish channel; therefore, any breach of both these levels will help crude gain speed in direction, where breaching...
Daily Market Outlook by AceTrader
Market Review – 26/07/2010 22:59 GMTEuro surges above 1.30 as solid US economic data boosts risk appetite Euro’s choppy moves were seen in Monday’s Asian morning following Friday’s volatile price action in NY after the stress-test results...
Major Currencies’ Midday Report 26/ July /2010
EURUSDThe pair is fluctuating around the resistance for the bullish channel attempting to confirm its breach; however, the negativity by Stochastic is pressuring the pair to move to the downside. We hold onto our morning expectations, aswe...
Crude Oil Midday Report 26/ July /2010
Crude declined sharply since this morning to breach the pivotal support at 78.50 activating the bearish technical pattern; targeting downside areas around the support at 77.10. We expect the bearish intraday direction to prevail as long as a...
USD/JPY 87.19 – 26 July 2010
USD/JPY Open 87.51 High 87.71 Low 86.75 Close 87.43 Dollar/Yen resumed increasing on Friday, in converse with the negative Interbank sentiment at nearly +10%. The currency couple appreciated from 86.75 to 87.50 on Friday, closing the week...
Forexpros.com Daily Analysis – 26/07/2010
ForexPros Daily Analysis July 26, 2010 Fundamental Analysis:CB Consumer Confidence The Consumer Confidence measures the level of consumer confidence ineconomic activity. It is a leading indicator as it can predict the consumerspending, which is a major part...