AUDUSD pair is trading at highest level of decade and this is due to the data that was released today morning. We have seen the inflation in Australian economy was reported higher than expected, so this inflation may result in further interest rate hike. That is why we have seen this bounce, also the weak USD can be held responsible for the surge in the AUD price. So traders will be looking for ... [Continue Reading]
Forex: USDCHF Pair Makes Life Time Low of 0.8000, More Selling Expected
The USD/CHF pair was in the down trend and we have seen the pair correcting since this week, today also we have seen about 55 pips drop in today´s session to test support at a fresh record low of 0.8000 level just before opening of the European session. USD/CHF intraday technical analysis 26 July 2011, we recommend, Open short in USDCHF below 0.8105 for target of 0.8045 and 0.8015 also place ... [Continue Reading]
EURUSD Technical Analysis on 22 July 2011, Buy EURUSD above 1.4385
EURUSD pair has advanced after the free fall from the debt crisis led by Italy, but yesterday after the bailout package has been declared, we have seen a bounce and recovery in the EURO and we see that buying has resumed in it. So we are bullish for short term as well as intraday trading. Fundamentals has now strengthen for the EURO as Greece crisis was one of the big issue for EURO. We see that ... [Continue Reading]
EURUSD Technical Analysis on 21 July 2011 Intraday Trading: Buy EURUSD above 1.4245
EURUSD pair has advanced after the free fall from the debt crisis led by Italy, but yesterday we have seen some recovery in the EURO and we see that buying has resumed in it. SO we are bullish for intraday trading. Fundamentals has weaken for the EURO as Italy debt crisis has now emerged as one of the big issue for EURO, so this can be the bad news for the market participants. We see that today's ... [Continue Reading]
Currency: EUR/USD Technical Analysis on 18 July 2011 Trading Analysis: Sell EURUSD below 1.4075
EURUSD pair has been falling after the Italy downgrade. So we have seen Euro falling towards 1.40 level from 1.4575 level this is about 500 pips fall so our near term outlook is now bearish. Fundamentals has weaken for the EURO as Italy debt crisis has now emerged as one of the big issue for EURO, so this can be the bad news for the market participants. So trading with the trend we are only ... [Continue Reading]