Technical Analysis

EUR/USD

EUR/USD finally made a breakthrough and reached the highest levels in over a year. Is this the beginning of a longer trend? The first week of July features PMIs and the ECB meeting minutes. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD The AUDUSD pair has a good resistance, it is the reverse for the EURUSD! We are looking at a good support this week for the EURUSD and the level [...]

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AUD/USD

AUD/USD reversed directions last week and gained 110 points. The pair closed at 0.7683. This week’s key indicators are Retail Sales and the RBA rate statement. Here is an outlook on the major market-movers and an updated technical analysis for AUD/USD. It’s back to the basics for the AUDUSD pair as we again want to trade the long-time resistance level of 0.7740! This level has been tested over and over again and now we see the level finally coming into [...]

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GBP/USD

GBP/USD soared last week, gaining 250 points. The pair closed at 1.3015, the first weekly close above the 1.30 level since May. This week’s highlights are the PMI reports. Here is an outlook for the highlights of this week and an updated technical analysis for GBP/USD. This week for the GBPUSD, we are looking at one of the most ignored timeframes of all time – the M30 chart! The M30 chart is most often ignored as traders prefer the M5 [...]

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