GBPUSD Forecast July 16, 2014, Technical Analysis
The GBPUSD pair broke higher during the session on Tuesday, but could not clear the 1.72 level that we have been looking for in order to start buying again.
The GBPUSD pair broke higher during the session on Tuesday, but could not clear the 1.72 level that we have been looking for in order to start buying again.
The EURUSD pair fell during the session on Tuesday, breaking below the lows from the past couple of weeks.
The AUDUSD as you can see fell during the session on Tuesday, only to turn back around and form a hammer.
The GBPUSD pair broke higher during the session on Tuesday, but could not clear the 1.72 level that we have been looking for in order to start buying again.
The EURUSD pair fell during the session on Tuesday, breaking below the lows from the past couple of weeks.
The AUDUSD pair rose during the course of the session on Monday, but didn’t really cause too much in the way of a splash with the tight trading range.
The EURUSD pair tried to rally during the session on Monday, but as you can see gave back about half of the gains in order to form a shooting star.
AUDUSD remains in downtrend from 0.9504, the rise from 0.9328 is likely correction of the downtrend.
EURUSD is facing 1.3575 support, a breakdown below this level
The AUDUSD pair went back and forth on the session for Wednesday, ultimately settling for a basically unchanged session.