Could The Falling Yuan Be A Good Thing?
Last week, the People’s Bank Of China allowed the yuan to fall sharply, causing chaos in share markets and drawing criticism from multinationals who said the move would hurt their businesses.
Currencies
NZDUSD Triangle Support Aug 17, 2015
NZDUSD got rejected in its test of the descending triangle resistance and is now moving back to the bottom around the .6500 major psychological level. Whether a bounce or a break takes place depends on the outcome of the economic reports from New Zealand in the next few days.
AUDUSD Forecast August 13, 2015, Technical Analysis
The AUDUSD pair broke higher during the course of the session on Wednesday, bouncing off of extreme lows near the 0.7250 level.
EURUSD Forecast August 13, 2015, Technical Analysis
The EURUSD pair broke higher during the course of the session in a massive show strength on Wednesday.
EURUSD Forecast August 12, 2015, Technical Analysis
The EURUSD pair broke higher during the course of the session on Tuesday, clearing the 1.10 level.
AUDUSD Forecast August 12, 2015, Technical Analysis
The AUDUSD pair initially tried to rally during the course of the session on Tuesday, but fell back down to break below the 0.73 handle.
AUDUSD Forecast August 11, 2015, Technical Analysis
The AUDUSD pair fell during the course of the session on Monday, but found enough support near the 0.7350 level to turn things back around and bounce.
EURUSD Forecast August 11, 2015, Technical Analysis
The EURUSD pair initially tried to fall during the course of the session on Monday, but we turned back around and broke above the 1.10 level.
AUDUSD Inverse Head and Shoulders Aug 10, 2015
AUDUSD could be in for a long-term reversal from the recent downtrend, as an inverse head and shoulders pattern can be seen on its 4-hour time frame. Price is on its way to test the neckline around the .7400 major psychological mark and the 200 SMA.
GBPUSD Triangle Breakout – Aug 7, 2015
GBPUSD broke below the ascending triangle support on its 4-hour chart, signaling that price is in for more declines. The chart pattern is around 300 pips in height so the resulting selloff could last by the same amount.