Technical Analysis

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Tue, 30 Jul 2013 14:01:17 GMT

NZD/USD bounced off 0.8113

After a failure to advance above the 100-day SMA the currency pair has already slid below the weekly pivot point level at 0.8029, even though the technicals have become even more bullish on a daily chart than they were yesterday.

Tue, 30 Jul 2013 14:01:01 GMT

USD/CAD trades at tough support

It seems that USD/CAD has finally bottomed out, following the sell-off since the beginning of July.

Tue, 30 Jul 2013 14:00:52 GMT

AUD/USD slips to 0.9043

After a series of repeated attempts to challenge the resistance at 0.9348/10 the currency pair has finally given up, falling beneath the interim supports at 0.9233 and 0.9183/48.

Tue, 30 Jul 2013 14:00:29 GMT

EUR/JPY faces up-trend support

The latest downward movement has nearly come to a complete halt, being that a formidable support area at 129.77/16 is currently keeping the bearish sentiments at bay.

Tue, 30 Jul 2013 08:11:09 GMT

USD/CHF testing weekly PP

Pair seems to be consolidating above the Fibo 23.6% (end of May till mid of June move).

Tue, 30 Jul 2013 08:10:56 GMT

USD/JPY finds support with monthly PP

After signalling significant weakness pair found support with the monthly PP.

Tue, 30 Jul 2013 08:10:42 GMT

GBP/USD dips to 1.531

Weekly and monthly PP did not manage to provide enough support for the pair which dipped 80 pips.

Tue, 30 Jul 2013 08:10:29 GMT

EUR/USD supported by weekly PP

Yesterdays fail at monthly R1 gave some bearish momentum for the pair.

Mon, 29 Jul 2013 16:08:07 GMT

NZD/USD falters at 0.8125

NZD/USD, without reaching the key resistance at 0.8161/53, is already losing the upward momentum, showing signs of weakness while approaching 0.8125.

Mon, 29 Jul 2013 15:57:06 GMT

USD/CAD's decline decelerates ahead of 1.0253

[This] "week will set the tone for the remainder of the summer in terms of foreign exchange."- BNY Mellon (based on Reuters)Pair's OutlookThe sell-off became considerably more cautious in light of proximity to the falling trend-line and the 100-day SMA, but the down-side risks have not yet been fully eliminated, since the bearish pressure persists. Should this zone give in,

Mon, 29 Jul 2013 15:46:08 GMT

AUD/USD stalls ahead of 0.9348/28

AUD/USD remains unable to pick up bullish momentum, being capped by a combination of resistances at 0.9387 (2011 low) and 0.9348/28 (weekly R1, monthly PP and 55-day SMA).

Mon, 29 Jul 2013 15:35:03 GMT

EUR/JPY descends upon 129.66/16

The currency pair has finally arrived at the cluster of supports at 129.66/16, formed by the 55 and 100-day SMAs along with the up-trend line, intactness of which is preserving the bullish outlook.

Mon, 29 Jul 2013 08:24:19 GMT

USD/CHF hovering under Fibo 23.6%

Sell off at the end of the last week sent the pair below the Fibo 23.6% (end of May till mid of June move) at 0.93 where it is trading at the moment.

Mon, 29 Jul 2013 08:24:08 GMT

USD/JPY signals weakness

Despite the clearly bullish market sentiment, pairs development in the first days of this week signals about significant weakness.

Mon, 29 Jul 2013 08:23:55 GMT

GBP/USD hovering above weekly and monthly PP

Last week was a rather volatile one for the pair and we could expect similar setting this week as well.

Mon, 29 Jul 2013 08:23:35 GMT

EUR/USD rebounds from monthly R1

Pair started the week in a calm fashion and although we could sense further strength of the pair coming from the last week monthly R1 stopped the pair for now

Fri, 26 Jul 2013 15:10:06 GMT

NZD/USD overcomes 0.8039/27

The resistance, consisting of the weekly and monthly R1, was insufficient to halt yesterday's advancement.

Fri, 26 Jul 2013 14:59:04 GMT

USD/CAD keeps on eroding 1.0295/80

Yesterday USD/CAD touched upon the monthly S1 level at 1.0253 and in the end closed beneath the weekly S2, as the bearish pressure on the nearest supports persists.

Fri, 26 Jul 2013 14:48:05 GMT

AUD/USD approaches 0.9348/16

Apparently, the bulls are not willing to give up, pushing the exchange rate all the way back up to a tough resistance zone at 0.9348/16 from the support formed by the weekly pivot point and the 20-day SMA at 0.9182/68.

Fri, 26 Jul 2013 14:37:03 GMT

EUR/JPY is about to slip beneath 131.23

EUR/JPY has not yet fallen down to the 55 and 100-day SMAs at 129.69/51, but is decisively headed south.

Fri, 26 Jul 2013 08:07:36 GMT

USD/CHF trading at 23.6%

Pair received a bearish impetus from the 200-day SMA which sent the pair almost 100 pips lower where it found support with the Fibo 23.6% (end of May till mid of June move).

Fri, 26 Jul 2013 08:07:19 GMT

USD/JPY dips below the 99 JPY

Pair has been trading around 100 JPY for quite some time, but today, for the first time in 10 days , pair seems to be consolidating below the 99 JPY.

Fri, 26 Jul 2013 08:06:59 GMT

GBP/USD testing Fibo 61.8%

Pair is stuck below Fibo 61.8% (mid of June till start of July move) for 5 days now.

Fri, 26 Jul 2013 08:06:37 GMT

EUR/USD bounces from 61.8%

After a failure to breach weekly R1 pair received a bullish impetus from the Fibo 61.8% (mid of June till beginning of July move) which  sent the pair 130 pips higher to test weekly R2/monthly R3.

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