August 13th Long-Term Forex Charts

FX Strategy Video > Currency Pairs Analysis

EUR/GBP fell precipitously during the previous week, and remains one of our favorite was to sell the Euro at the moment. The pair looks ready to fall down to the 0.75 level in the near term.

The USD/CAD pair accelerated its downtrend over the last 5 sessions, and now looks set to approach the 0.97 - 0.98 support level. If the bulls have any hope - it is that the area holds as support.

The EUR/JPY pair continues to look weak. The pair fell again this past week, and is currently following a down trend line as we aim for the 94 handle.

The AUD/USD pair continues to fight. We are at the top of an uptrend channel, yet still pressing forward. It looks like we are going to see the Aussie as one of the strongest currencies for the end of this year.

Published on 10th of August 2012
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