AUDUSD Forecast July 24, 2014, Technical Analysis
The AUDUSD pair fell rather significantly the session before, but we did have a nice bounce and rise during the session on Wednesday.
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USDJPY Forecast July 23, 2014, Technical Analysis
The USDJPY pair tried to rally during the course of the day during Tuesday, but as you can see we pullback in order to form a shooting star.
EURUSD Forecast July 23, 2014, Technical Analysis
The EURUSD pair broke down during the session on Tuesday, slicing through the 1.35 handle with ease.
GBPUSD Forecast July 23, 2014, Technical Analysis
The GBPUSD pair fell during the course of the day on Tuesday, but found enough support near the 1.7050 level to turn things back around and form a little bit of a hammer.
AUDUSD Forecast July 23, 2014, Technical Analysis
The AUDUSD pair tried to rally during the session on Tuesday, and in fact did.
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PBOC to Use New Tools for Liquidity Operations
The central bank will use unconventional monetary tools such as re-lending and pledged supplementary lending to maintain relatively loose liquidity, rather than turning to conventional tools including lowering interest rates or the reserve requirement ratio, said Zhu Haibin, chief China economist at JPMorgan Chase & Co (JPM, quote).
GBPUSD Forecast July 22, 2014, Technical Analysis
The GBPUSD pair fell during the course of the day on Monday, but as you can see remains somewhat afloat, and more importantly supported at the 1.70 handle.
AUDUSD Forecast July 22, 2014, Technical Analysis
The AUDUSD pair fell slightly during the session on Monday, but as you can see we are well supported near the 0.9350 level.
EURUSD Forecast July 22, 2014, Technical Analysis
The EURUSD pair tried to rally during the session on Monday, but as you can see the market failed to hang onto the gains, and we turned around and form a shooting star.