July 2013 Blog Posts (63)

Forex4you Technical Analysis 31 July 2013

AUD/USD: Down-trend resumes

The possible reversal pattern at the lows failed in the end and the aussie has broken lower, resuming its bearish trend. It is now below the former 0.8997 lows and has reached a support level at 0.8935. The downside target after the bearish break out is at 0.8780 which is still quite far but provides an eventual expected target. The S2 monthly pivot situated at…

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Added by LigaForex on July 31, 2013 at 10:33pm — No Comments

Croatia’s EU Membership: Further Crisis Or Recovery?

As reported by Market Leader (US)

On July 1st, Croatia officially entered the EU. At this point, there are 28 members of the European Union. Some experts say that if the union survives the decade, there will be no further expansion. Probably, Croatia is the last new…

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Added by Evgeny on July 31, 2013 at 9:32pm — No Comments

USD/JPY: in expectation of clear signals

USD/JPY: in expectation of clear signals



1. Current trend





Current situation is ambiguous. On the one hand, indicators of the Japanese labour market are improving, on the other hand, index of industrial output and household spending are showing negative results. The US consumer confidence index was below forecast. At yesterday’s trades the pair had fallen to the level of 97.75, but later regained up to 98.30. Today bears are testing support level of… Continue

Added by AlexanderLF on July 31, 2013 at 3:08pm — No Comments

USD/CAD: which GDP is higher?

USD/CAD: which GDP is higher?



1. Current trend



Last week the pair has been trading within a sideways channel with the borders at 1.0252 and 1.0320. The price went down under 61.8% of Fibinacci lines and hasn’t been able to overcome it since. If we look at the whole chart we will see an end of the correction and further “bearish” movement.

American economy doesn’t give any hope to investors lately, and it surely affects American dollar. Today we… Continue

Added by AlexanderLF on July 31, 2013 at 1:58pm — No Comments

Forex4you Technical Analysis 30 July 2013

EUR/USD: Consolidating under R1 monthly pivot

The EUR/USD pair has pulled back after reaching resistance from the R1 monthly pivot at 1.3300. It has fallen to support at around 1.3250 but is recovering and will probably eventually reach the major trend-line at 1.3405. Given the important central bank news out this week it may continue sideways as traders stand aside in the run up to the FOMC on Wednesday and…

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Added by LigaForex on July 30, 2013 at 4:51pm — No Comments

Forex4you Technical Analysis 29 July 2013

AUD/USD: possible reversal pattern

The aussie is still trying to rise above the neckline of a possible inverted head and shoulders pattern at the lows. It is looking more and more like this could be a reversal pattern and that when the exchange rate breaks higher there will be a sudden burst upwards. There have already been quite a few attempts at the neckline and each time they have been…

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Added by LigaForex on July 29, 2013 at 4:09pm — No Comments

GBP/USD: Pound will continue to grow against USD

GBP/USD: Pound will continue to grow against USD



1. Current trend



At the end of last week the British currency continued to sideways correction in the narrow channel near the level of 1.5400. The pair has repeatedly tried to break down key resistance level and consolidate above it, however all of these attempts failed. Today the pair will continue to move in the narrow range of 1.5405-1.5360. Positive data on the mortgage loaning was not able to add momentum… Continue

Added by AlexanderLF on July 29, 2013 at 2:35pm — No Comments

Forex: Ichimoku Clouds. Review of USD/CAD

Forex: Ichimoku Clouds. Review of USD/CAD



USD/CAD, H4

On the daily chart Tenkan-sen line is also below Kijun-sen. Chinkou Span line is crossing the price chart from above; current Kumo-cloud is ascending. After long fall the pair has entered the cloud. Upper and lower borders become resistance (1.0312) and support (1.0249) levels respectively. If the price breaks through lower border of the cloud, the next goal for the Bears will be at 1.0155.…

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Added by AlexanderLF on July 29, 2013 at 1:13pm — No Comments

Forex4you Technical Analysis 26 July 2013

EUR/USD: meeting resistance

The up-trend has resumed and remains intact, however, it has reached a combination of the R1 monthly and the R2 weekly pivots at 1.3300 and 1.3287 respectively, where substantial resistance is expected to be exerted, probably forcing the pair to consolidate or perhaps even pull-back to the trend-line at around the 1.3250 level. Eventually the pair will probably break above these…

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Added by LigaForex on July 26, 2013 at 11:32pm — No Comments

Does Russia-China Alliance Have a Chance Against the USA?

As reported by Market Leader (US)

Apparently the alliance between Russia and China has been a major headache for the SUA for decades. The alliance seems to be the only deterrent and restraining force. Western editions sometimes remind us about that.



On June 25th, 213, Leslie H. Gelb,…

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Added by Evgeny on July 26, 2013 at 3:05pm — No Comments

GBP/USD: Growth up to the level of 1.5750 is expected

GBP/USD: Growth up to the level of 1.5750 is expected



1. Current trend

As expected the British currency was volatile on Thursday. In anticipation of positive data on British GDP investors started actively buy the Pound, bringing it up to key resistance level of 1.5400. The data on GDP has agreed with the positive forecast; however the pair sharply went down, which was triggered by overvalued expectations of investors. Despite favourable British macro-economic… Continue

Added by AlexanderLF on July 26, 2013 at 2:43pm — No Comments

Forex: Ichimoku Clouds. Review of USD/CHF

Forex: Ichimoku Clouds. Review of USD/CHF



USD/CHF, H4

On the four-hour chart Tenkan-Sen line is below Kijun-Sen, they are both horizontal. Chinkou Span line is below the price chart, current cloud is descending. After long fall this week the pair has slowed down. The nearest resistance level is Tenkan-Sen line at 0.9331. One of the previous minimums of Chinkou Span line is expected to be a support level at 0.9267.







USD/CHF,… Continue

Added by AlexanderLF on July 26, 2013 at 2:31pm — No Comments

AUD/USD: technical analysis

AUD/USD: technical analysis



1. Current trend





All this month the pair has been trading within wide sideways channel with a range of 0.9050-0.9300. Bulls tried multiple times to break through the upper border of the channel, but they’ve succeeded only in approaching to 0.9350 level. The pair is in need of additional driver to overcome strong resistance level of 0.9300.

Stochastic is in overbought zone, %D line crosses %K line, giving a signal to buy.… Continue

Added by AlexanderLF on July 26, 2013 at 2:24pm — No Comments

USD/JPY: pair lacks growth drivers

USD/JPY: pair lacks growth drivers



1. Current trend



At yesterday’s trading session the pair USD/JPY strengthened due to the US news. Preliminary business activity index in the US manufacturing sector amounted to 53.2 points in July, while sales of new homes increased by 38 thousand in June. However this morning the pair started to weaken, dropping to the 99.80. The Yen has strengthened because amid overall weakening of the Asian markets, investors used JPY as… Continue

Added by AlexanderLF on July 25, 2013 at 3:03pm — No Comments

GBP/USD: uptrend will continue

GBP/USD: uptrend will continue



1. Current trend



On Wednesday, following rapid rise, the British currency rolled back to the level of 1.5290. After that, due to the lack of fundamental economic releases, the pair traded with low volatility.

This morning the pair went up to the level of 1.5380 due to anticipation of the data on British GDP. However, all of a sudden, the pair went down despite positive statistics. The pair GBP/USD has reached the level of… Continue

Added by AlexanderLF on July 25, 2013 at 2:47pm — No Comments

USD/CAD: technical analysis

USD/CAD: technical analysis



1. Current trend



At the beginning of the month the pair hit again the local maximum of the autumn 2011, then USD/CAD started to decrease. After that the pair was trading within 1.037-1.043 range. Bears tried to break down the level 1.0370, which corresponds to 50.0% of Fibonacci lines and they have finally succeeded. The next support levels won’t stop the fall either.

Stochastic lines are in overbought zone, giving a signal to… Continue

Added by AlexanderLF on July 25, 2013 at 2:37pm — No Comments

EUR/USD: general analysis

EUR/USD: general analysis



1. Current trend



At the opening of European session the pair fell to support level at 1.3175, and after that was trading near the level of 1.3200. The data on Eurozone released today was above experts’ expectations: index of business climate and current assessment index in Germany have overshoot projections.

Index of inflation and money supply M3 are at the level of 2.3%. These facts have triggered short-term rise up to 30-35… Continue

Added by AlexanderLF on July 25, 2013 at 2:34pm — No Comments

Forex4you Technical Analysis 24 July 2013

EUR/USD: Continuing to rise

Eurodollar continues to rally higher after the recent break of the down-sloping trend-line from the June highs. It will probably continue up to an eventual target at 1.3405, although the R1 monthly pivot situated at 1.3300 constitutes a nearer target, since it is likely to provide strong resistance to any up-moves. There is also the potential for pull-back into…

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Added by LigaForex on July 24, 2013 at 10:11pm — No Comments

EURUSD: data from China has weaken the pair

EURUSD: data from China has weaken the pair



1. Current trend

This Tuesday pair EURUSD has risen and reached resistance level at 1.3240, but the level hasn’t been overcome. The pair has started downward correction due to the negative statistics on China manufacturing index. Its rate in July is 47,7, which are the worst figures since three years ago. Unfavorable news from Heavenly Empire confirms the fears of investors. Economic recession of one of the world powers… Continue

Added by AlexanderLF on July 24, 2013 at 1:12pm — No Comments

NZDUSD: pair will continue to rise

NZDUSD: pair will continue to rise



1. Current trend

The pair NZDUSD has started this week with a growth and hit two-month maximum at 0.8010 on Tuesday. This level corresponding to the upper border of the ascending channel hasn’t been broken through. The price is being corrected now due to the unfavorable date on China manufacturing index. Its rate in July is 47,7 points, but the experts expected it to be 48,6 points.



2. Support and resistance;… Continue

Added by AlexanderLF on July 24, 2013 at 12:18pm — No Comments

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