EURUSD Forecast August 7, 2014, Technical Analysis
The EURUSD pair fell during the bulk of the session on Tuesday, but found enough support just above the 1.3325 level in order to bounce and form a nice-looking hammer.
ETF
AUDUSD Forecast August 7, 2014, Technical Analysis
The AUDUSD pair rose during the course of the day on Wednesday, breaking above the 0.9350 handle.
A day of indecision as the markets pause!
Price action on the major US indices yesterday could best be described in one word, indecision, with all of the Emini futures closing with a doji candle of one variant or another.
Canadian Dollar Remains Under Pressure – For The Time Being
The Canadian dollar has continued to come under heavy selling pressure once again today, driven by a resurgent US dollar, which has now broken through the key 81.30 level on the daily chart of the dollar index, to move firmly higher from this platform of support which is now in place.
Oil Futures Continue to Remain Bearish
Oil prices continue to remain heavily bearish on the daily chart following the initial failure at the $106 per barrel area in early July which was the tipping point for the commodity, with the final phase of this particular price action, clearly marked with a shooting star candle and pivot high, coupled with high volume, and confirming the weakness at this level.
EURUSD Forecast August 5, 2014, Technical Analysis
The EURUSD pair initially fell during the course of the day on Monday, but as you can see we bounced slightly in order to form a bit of a hammer.
GBPUSD Forecast August 5, 2014, Technical Analysis
The GBPUSD pair bounced during the session on Monday, as the 1.68 level has offered enough support to at least do that.
AUDUSD Forecast August 5, 2014, Technical Analysis
The AUDUSD pair initially fell during the day on Monday, but as you can see found enough support to turn things back around and form a hammer.
EURUSD Daily Analysis – August 4, 2014
EURUSD broke above the downward trend line on 4-hour chart, indicating that consolidation of the downtrend from 1.3700 is underway.
GBPUSD Daily Analysis – August 4, 2014
GBPUSD continued its downward movement from 1.7190, and the fall extended to as low as 1.6809.