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Your Source for Daily FOREX Market News and Analysis
GBP/USD : Gains have been quite impressive over the past few sessions with the market taking out key resistance by the 200-Day SMA and closing above the longer-term SMA. This is the first time the market is above the 200-Day since January and could potentially warn of a major shift in the structure. currency forex market trading 29 Jul 2010
Your Source for Daily FOREX Market News and Analysis
Wednesdays trading session was rather disappointing with the major currencies mostly confined to some consolidation. currency forex market trading 29 Jul 2010
Your Source for Daily FOREX Market News and Analysis
NZD/USD: Gains have once again stalled out above 0.7300 and Tuesdays bearish doji close has shown good follow through on Wednesday with the market pulling back quite sharply. currency forex market trading 29 Jul 2010
Your Source for Daily FOREX Market News and Analysis
EUR/USD : The push to some fresh multi-day highs on Tuesday by 1.3045 was not impressive, with the market reversing and closing back by opening levels to set up a doji formation, that has now been followed up by yet another doji formation on Wednesday. currency forex market trading 29 Jul 2010