The pair surged back above the 100-Day SMA and the 50-Day SMA, both residing by 1.4330. Should it hold on its gains and then...
The pair surged back above the 100-Day SMA and the 50-Day SMA, both residing by 1.4330. Should it hold on its gains and then consolidate above 1.4400, the uptrend will likely continue towards the 1.4580 resistance. Otherwise, we could see a new decline towards the 1.4000 support or the 200-Day SMA by 1.3930.
Edward Smith, technical analyst of company Admiral Markets.
At any use...
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Technical Analysis
Technical Analysis: AUD/USD
July 29, 2011 - 11:27
The pair dropped below 1.1000. Now the correction could continue towards the...
The pair dropped below 1.1000. Now the correction could continue towards the 1.0800 support, with a break below to accelerate declines towards the 50-Day SMA by 1.0670 and likely beyond towards the 100-Day SMA by 1.0575 or the 1.0400 support. Meanwhile, should the pair hold above 1.0800, we could see a resumption of the uptrend beyond the 1.1080 high towards 1.1500 in a medium-term.
Edward Smith, technical analyst of company...
Technical Analysis: USD/JPY
July 29, 2011 - 11:26
There are no changes in a short-term structure. The pair trades below 78.00 aiming for retesting the 76.30 low. However, a break back above...
There are no changes in a short-term structure. The pair trades below 78.00 aiming for retesting the 76.30 low. However, a break back above 78.00 could trigger a rebound towards the 79.50-80.00 resistance area, but only a clear break above 80.00 would threaten the bearish outlook and open the door for additional gains towards the 50-Say SMA by 80.10, the 100-Day SMA by 81.00 and...
Technical Analysis: GBP/USD
July 29, 2011 - 11:25
The pair is trading by the 1.6300 level and could drop to the...
The pair is trading by the 1.6300 level and could drop to the 1.6200-1.6250 support area, right where the 100-Day SMA and the 50-Day SMA reside. However, while the pair trades above 1.6200, we retain a constructive outlook and expect to see additional gains towards the 1.6550 resistance. Only a clear break below 1.6200 would accelerate declines towards the 200-Day SMA by 1.6070.
Edward Smith, technical analyst of company Admiral Markets.
At any...
Technical Analysis: EUR/USD
July 29, 2011 - 11:24
The pair dropped below 1.4300. Now we could see a further decline towards the...
The pair dropped below 1.4300. Now we could see a further decline towards the 1.4000 support or the 200-Day SMA by 1.3920. However, a break back above 1.4300 and then consolidating above the 100-Day SMA and the 50-Day SMA, both residing by 1.4320, would open a door for additional gains towards the 1.4580 resistance.
Edward Smith, technical analyst of company Admiral Markets.
At any use of the analytical material taken...
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