Archive for July 14th, 2010
Forex Trading Fundamental Analysis (2010/07/14) View on Euro Strength, Dollar Weakness
7/14/2010 Forex Trading Fundamental Analysis (FXpath.com) – Euro is bid as the market is in the throes of correcting its extremely bearish positioning and the risk is still to the 1.30′s. That is where the re-evaluation of the global scenario should take place again and where the market should revert back to the bearish camp later [...]
Forex Trading Technical Analysis (2010/07/14) AUD/USD Reaches Upside Target and Looks to Climb
(Please click on the forex chart thumbnail to enlarge) 7/14/2010 Forex Trading Technical Analysis (FXpath.com) – AUD/USD (a 4-hour chart of which is shown), as of Wednesday (7/14/2010), has reached and tentatively exceeded its 0.8850 resistance target after breaking out above its prior trading range resistance at 0.8785-90, as noted on Tuesday’s AUD/USD analysis . Currently, as price action has [...]
