Technical Analysis Reports

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 and indicating that further losses could be in the cards. Price has found a bit of support at ... 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, and was expected to ... 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 at 1.0350 to 0.9937. ... 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 mainly a function of the ... 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 is also pricing in the ... 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%, forecast: 0.4%, ... 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 short-term bearish ... Continue reading →


Gold (XAU/USD) – Comparing the Reward to Risk Profile of 2 Trade Ideas
Gold (XAU/USD) – Comparing the Reward to Risk Profile of 2 Trade Ideas

Forexminute (July 25, 2014 BST)

Gold fell to a new low on the month this week, currently around 1288. The 4H chart shows a market that is trading in an ABC pattern. With a C=A ... Continue reading →


NZD/JPY Breaks a Key Rising Trendline in a Double Top Attempt
NZD/JPY Breaks a Key Rising Trendline in a Double Top Attempt

Forexminute (July 24, 2014 BST)

RBNZ Decision: Yesterday, the Reserve Bank of New Zealand (RBNZ) voted to raise the official case rate (OCR) by 25 basis points to 3.50%. In the ... Continue reading →


UK and US Data Drive GBP/USD Below 1.70
UK and US Data Drive GBP/USD Below 1.70

Forexminute (July 24, 2014 BST)

Today we got diverging data from the UK and US. Starting from the UK, we saw retail sales in June (0.1% m/m) miss forecast (0.2-0.3%), though the ... Continue reading →


EUR/USD Trying to Make a Stand after Stronger PMIs
EUR/USD Trying to Make a Stand after Stronger PMIs

Forexminute (July 24, 2014 BST)

The European session released a slew of manufacturing and services PMIs for July. Let's take a look at some key ones and assess EUR/USD's ... Continue reading →


Trade GBP on Rising Channel Bounce – July 24, 2014
Trade GBP on Rising Channel Bounce – July 24, 2014

Forexminute (July 24, 2014 BST)

GBP/AUD has been in a steady uptrend, as indicated by the ascending trend channel on its 4-hour forex time frame. Price to trade GBP is moving close ... Continue reading →


Gold (XAU/USD) – Triangle Breakout Alert
Gold (XAU/USD) – Triangle Breakout Alert

Forexminute (July 24, 2014 BST)

Gold price has been consolidating in a triangle since falling from 1345.28 to 1292.20. The 4H chart shows price action swinging between the ... Continue reading →


USD/CAD Trading at a Key Trendline Resistance
USD/CAD Trading at a Key Trendline Resistance

Forexminute (July 24, 2014 BST)

USD/CAD has been in a downtrend since reaching 1.1278, which remains the high on the year. In July, the pair found support at 1.0620 and has been ... Continue reading →


Aussie Ascends, Sterling Slides
Aussie Ascends, Sterling Slides

Forexminute (July 23, 2014 BST)

AUD: A theme during the 7/23 session was the strength of the Aussie on the back of inflation data that shows a 3.0% annual CPI inflation rate during ... Continue reading →


NZD/USD Potential Downtrend Forex Reversal – July 23, 2014
NZD/USD Potential Downtrend Forex Reversal – July 23, 2014

Forexminute (July 23, 2014 BST)

NZD/USD is forming a forex reversal pattern on its 1-hour time frame, indicating that the recent downtrend might be over. Price has bounced a ... Continue reading →


Gold (XAU/USD) – Bearish in the Short-term Within the 2014-Triangle
Gold (XAU/USD) – Bearish in the Short-term Within the 2014-Triangle

Forexminute (July 23, 2014 BST)

Last week, we saw gold fall sharply from 1345.28 to 1292.20, after which it came back to about 1325. Price action evolved into a triangle. Gold ... Continue reading →


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