Analysis: After testing the EMA200 two weeks ago, USDJPY move up strongly day by day since then, thanks to good economic data from US. Yesterday, US dollar moved 100 pips…
Forex trading signals and analysis for GBPUSD – 30 Jul 2014
Analysis: Yesterday, UK Morgage Approval data was up and bullish for the Cable but Net Lending to Individual was down, which is bearish for the Pound. Accordingly, GBPUSD move up to…
Forex trading signals and analysis for GBPUSD – 29 Jul 2014
Analysis: As noted in yesterday comment, we saw some recovery in GBPUSD and expected the Pound will rebound after falling down for 8 days. Last night, GBPUSD tried to break…
Forex trading signals and analysis for GBPUSD – 28 Jul 2014
Analysis: After making a new 5.5 years high in two weeks ago, GBPUSD has declined for 8 days straight. The short term bullish momentum is losing day by day mainly…
Forex trading signals and analysis for EURUSD – 25 Jul 2014
Analysis: EURUSD continued to move lower and currently hold at support level 1.34300 as expected. Although PMI data yesterday was good for Euro but lose most of the gain and…
Forex trading signals and analysis for EURUSD – 23 Jul 2014
Analysis: EURUSD finally broken the very significant support zone 1.34770 – 1.3500 to move lower and closed the day below 1.3470, although there were no significant report or event yesterday.…
Forex trading signals and analysis for AUDUSD – 17 Jul 2014
Analysis: AUDUSD continue to move lower as expected but more slowly and the market show downside rejection at support level of 0.93 – 0.9320. Aussie dollar trading range is getting…