Technical Analysis Reports

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 official statement, RBNZ governor, Graeme Wheeler noted that it would be ... 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 →


AUD/CAD – Look out for a Bullish Continuation Signal
AUD/CAD – Look out for a Bullish Continuation Signal

Forexminute (July 22, 2014 BST)

Since the beginning of last week, 7/14, AUD/CAD has been consolidating roughly between 1.0040 and 1.0100. This week, we are likely to see a breakout ... Continue reading →


EUR/USD – 3 Key Support Levels Below the 2014-Low
EUR/USD – 3 Key Support Levels Below the 2014-Low

Forexminute (July 22, 2014 BST)

After consolidating for a couple of sessions, the EUR/USD fell further during the 7/22 European session. Price is essentially testing the 2014-low of ... Continue reading →


Gold (XAU/USD) Trading at Triangle Apex Ahead of US Inflation Data
Gold (XAU/USD) Trading at Triangle Apex Ahead of US Inflation Data

Forexminute (July 22, 2014 BST)

Traders are understandably uncommitted as we start the week void of any key event risks, or fundamental releases, although we did see risk aversion ... Continue reading →


AUD/USD – July’s Trendline Holding the Bearish Bias
AUD/USD – July’s Trendline Holding the Bearish Bias

Forexminute (July 22, 2014 BST)

The AUD/USD is trading at the crossroads, consolidating since retreating from the 2014-high at 0.9505. However, the correction has been limited as ... Continue reading →


EUR/AUD Signals Bearish Continuation with a Breakout from Consolidation
EUR/AUD Signals Bearish Continuation with a Breakout from Consolidation

Forexminute (July 21, 2014 BST)

The 4H EUR/AUD chart shows a market that has been consolidating since falling to 1.4359, which stands as the 2014-low so far. Now, more than a month ... Continue reading →


Technical Set ups in EUR/USD, GBP/USD, and Gold (XAU/USD)
Technical Set ups in EUR/USD, GBP/USD, and Gold (XAU/USD)

Forexminute (July 21, 2014 BST)

The market is having a quiet start to the week, with most USD-majors trading within consolidation. The fundamental docket picks up tomorrow. Let's ... Continue reading →


EUR/GBP Technical Signals – Negative Reversal vs. Extended Bullish Divergence
EUR/GBP Technical Signals – Negative Reversal vs. Extended Bullish Divergence

Forexminute (July 21, 2014 BST)

The EUR/GBP has been persistently bearish in 2014, since the high on the year at 0.84. On the daily chart there are some bearish signs to go along ... Continue reading →


GBP/JPY – ABC Correction and the Bullish Outlook
GBP/JPY – ABC Correction and the Bullish Outlook

Forexminute (July 21, 2014 BST)

GBP/JPY has been choppy, but bullish in 2014. In July, the pair has been giving back some of the gains rallying throughout June to a fresh high on ... Continue reading →


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