EURUSD Forecast July 29, 2014, Technical Analysis
In the EURUSD pair tried to rally during the course of the day on Monday, but as you can see gave back most of the gains.
In the EURUSD pair tried to rally during the course of the day on Monday, but as you can see gave back most of the gains.
The AUDUSD pair initially fell during the course of the day on Monday, but as you can see found enough support below to turn things back around and form a nice-looking hammer.
The GBPUSD pair went back and forth during the day on Monday, but found the 1.70 level to be resistive enough to keep the market somewhat down.
Brent crude oil (BNO, quote) declined on Monday as tension in Gaza cooled off following a difficult to achieve humanitarian agreement between Hamas and Israeli forces.
JD.com Inc, China’s (FXI, quote) second-biggest e-commerce company by market share, will accept pre-orders for Microsoft Corp’s (MSFT, quote) Xbox One games console in China from July 28 to July 30, the firm said on Monday.
The EURUSD pair fell again during the session on Friday, breaking the bottom of the candle from the Thursday session, showing us that the market should continue to go lower.
GBPUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.7190.
AUDUSD has been making higher lows and finding resistance at the .9460 area, creating an ascending triangle on its 4-hour time frame.
Gold futures sold off sharply once again yesterday, with the precious metal plunging through the $1300 per ounce level, to close the trading session for the December contract with a wide spread down candle shedding $14 per ounce on the day.
The EURUSD pair went back and forth during the session on Thursday, essentially settling nothing as we printed a neutral candle.