Technical Analysis Reports

USDJPY Forex Bullish Pennant – Aug 1, 2014
USDJPY Forex Bullish Pennant – Aug 1, 2014

Forexminute (August 1, 2014 BST) -."
"The pair has recently made a strong upside breakout from the USDJPY forex descending triangle on a longer-term time frame. From there, price has made...Continue reading →


Silver (XAG/USD) – Trading the Pennant and the Non-Farm Payroll Report
Silver (XAG/USD) – Trading the Pennant and the Non-Farm Payroll Report

Forexminute (August 1, 2014 BST)

Silver is approaching some key support levels, and is trading in an interesting pattern. Let's take a look at a couple of sce... Continue reading →


NZD/USD is Testing a Key Support Cluster around 0.8450
NZD/USD is Testing a Key Support Cluster around 0.8450

Forexminute (July 31, 2014 BST)

NZD/USD has either turned bearish since the 0.8835 high on the year, or it has initiated a significant consolidation period a... Continue reading →


EUR/JPY, GBP/JPY, NZD/JPY and their July Trendlines
EUR/JPY, GBP/JPY, NZD/JPY and their July Trendlines

Forexminute (July 31, 2014 BST)

All eyes were on the US Dollar this week. Its strength has translated to weakness into the Japanese Yen. We saw the USD/JPY b... Continue reading →


Gold (XAU/USD) – Trading the Falling Wedge Pattern
Gold (XAU/USD) – Trading the Falling Wedge Pattern

Forexminute (July 31, 2014 BST)

Gold has been bearish since tagging 1345 earlier in July, and the moving averages and RSI show it. 1) RSI tagged 30, and has... Continue reading →


AUD/USD Descending Triangle Forex Chart Breakout – July 31, 2014
AUD/USD Descending Triangle Forex Chart Breakout – July 31, 2014

Forexminute (July 31, 2014 BST)

AUD/USD had been trading inside an ascending triangle forex chart pattern for quite some time before breaking to the downside... Continue reading →


USD Stalls its Advance after the FOMC Statement
USD Stalls its Advance after the FOMC Statement

Forexminute (July 31, 2014 BST)

The main fundamental risk today was the FOMC monetary policy statement. The USD has been rallying as US data in Q2 impressed,... Continue reading →


AUD/CAD Signals Bullish Continuation with a Breakout
AUD/CAD Signals Bullish Continuation with a Breakout

Forexminute (July 30, 2014 BST)

The AUD/CAD is seen in the daily chart breaking above a falling consolidation channel. It has been falling from the 2014-high... Continue reading →


Shorting Silver Looks Better Than Shorting Gold
Shorting Silver Looks Better Than Shorting Gold

Forexminute (July 28, 2014 BST)

Gold and silver have been trading in a similar manner in July, which should not be a surprise. Their price action has been ma... Continue reading →


USD Firms Ahead of Next Week’s FOMC Decision
USD Firms Ahead of Next Week’s FOMC Decision

Forexminute (July 25, 2014 BST)

The US Dollar was strong this week. Jobless claims came in at a 10-year low and provided fuel for the greenback. The market i... Continue reading →


Strong US Data Fails to Spring USD/JPY Above Trendline Resistance
Strong US Data Fails to Spring USD/JPY Above Trendline Resistance

Forexminute (July 25, 2014 BST)

Today the US Census Bureau released a strong report on Durable Goods Orders for June. Durable Goods Orders (June m/m): 0.7%,... Continue reading →


GBP/USD Breaks Trendline Support; Look for Sellers on a Pullback
GBP/USD Breaks Trendline Support; Look for Sellers on a Pullback

Forexminute (July 25, 2014 BST)

GBP/USD has completed a price top this week after clearing below 1.7060. This level should now be considered resistance for a... Continue reading →


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