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In the previous EUR/USD forecast we noted that the currency pair breached the 1.22 support. Although the fundamental situation remains depressing, strong term sentimental rallies are often seen due to speculations.

[B]Technical Analysis[/B]

Looking at the EUR/USD chart above we noted the bullish spike that almost tested the 1.24 region.

SMA 20 = Bearish

SMA 50 = Flat
...

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Good day forex traders.

In the previous EURUSD forecast we noted that both SMAs were bearish and we might expect a bearish momentum should nothing fundamental change. Despite the encouraging GDP growth from China, the currency pair did not climb much thus further revealing the depressed nature of the Euro currency.

[B]Technical Analysis[/B]

Looking at the EUR/USD daily chart above, we note that the 1.2330 line served as a resistance ...

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In the previous AUD/USD forecast we noted resistance at the SMA 200 region. Should this region fall, we would expect more bullish momentum to surface. China’s GDP growth of 7.6% was encouraging for the Australian dollar being the largest trading partner.


[B]Technical Analysis[/B]

Looking at the chart above, the SMA 200 did fall and the AUD/USD rose to meet the next resistance indicated ...

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[/B]
Good day forex traders.

In the previous EURUSD forecast we noted that the SMA 20 was turning bearish due to the sharp dip. This might suggest an extended target of 1.2. The ECB’s move to cut interest rate further affected the currency pair and sentiments towards the Euro Zone. US’s worst than expected NFP also caused a dent in sentiments.

[B]Technical Analysis[/B]

Looking at the EUR/USD chart above, as expected due to the sentiments at ...