EUR/USD analysis (July 15, 2011)
The pair did stall out yesterday ahead of 1,43 which offers a great resistance. This level is at a confluence of several moving averages (20, 50 and 100). Besides, the pair has also validated a pullback towards...
Tag: EURUSD
15th July, 2011 – Daily Forex Report by GFM Research
The Greenback traded flat after it has depreciated heavily on Wednesday, the 13th on the back of widened trade deficit. Key equity index, Dow Jones Industrials (DJIA) is expected to find resistance in the zone of 12700-12800...
EUR/USD analysis (July 14, 2011)
As expected, we did see the pair confirming its bounce on top of the 200 moving average after a new low at 1,3830. The daily chart is showing a nice morning star formation which might suggest a...
14th July, 2011 – Daily Forex Report by GFM Research
The US Dollar tumbles after the trade deficit widens by more than $6B. The USD appreciated homogeneously against all the FX majors.Key equity index, Dow Jones Industrials (DJIA) is expected to find resistance in the zone of...
EUR/USD Technical Analysis for July 14, 2011
The EUR/USD pair rose on Wednesday as the Fed Chairman, Ben Bernanke, testified before the US Congress and stated that QE3 wasn’t ruled out. In fact, most traders seem to think this was a laying of groundwork...
EUR/USD Technical Analysis July 13, 2011
EUR/USD fell on Tuesday, breaking below the 1.40 and even going as low as 1.3825 or so. However, there was a wicked bounce, and the result is a hammer. The level 200 day moving average is also...
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...
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...
12th July, 2011 – Daily Forex Report by GFM Research
The US Dollar Index appreciated for fourth consecutive day on the event of on the event of profit taking in the key equity index of the Dow Jones Industrials (DJIA). The USD has appreciated homogeneously against all...