GBPUSD Forecast August 2, 2016, Technical Analysis
The GBPUSD pair went back and forth during the course of the day on Monday, showing signs of confusion.
The GBPUSD pair went back and forth during the course of the day on Monday, showing signs of confusion.
The EURUSD pair went back and forth during the course of the session on Monday, testing the 1.12 level for resistance.
Apple Inc., one of the world’s technological front-runners, may lose ground in China as its revenues and net profits have been declining.
The EURUSD pair initially tried to rally during the course of the session here on Wednesday, but turned around to form a slightly negative candle.
The Australian dollar initially rallied during the day on Wednesday, but found far too much in the way of resistance above and ended up turning back around and form a fairly negative candle.
The International Monetary Fund (IMF) on Monday announced its board decision to amend the rounding methodology for determining currency accounts in the Special Drawing Right (SDR) basket, in order to make technical preparations for the inclusion of the Chinese currency, Renminbi, in the SDR basket.
The EURUSD pair initially fell during the day on Monday, but turned around to slam into the 1.10 level again.
The AUDUSD pair initially tried to rally during the day on Monday, but turned back around to form a bit of a shooting star.
The AUDUSD pair fell during the course of the day on Friday, as we continue to see this market soften.
The EURUSD pair broke down below the bottom of a couple of hammers during the Friday session, so therefore if you we are getting ready to go even lower.