EUR/JPY is continuing to fall inside the highly Uniform Falling Wedge chart pattern identified by Autochartist on the daily charts. The Quality of this chart pattern is measured at the average 5 bar level as a result of the following values of the individual contributing Quality indicators: low Initial Trend
Weekly Forex Update: EUR/JPY
August - 1 - 2011
Daily Forex Update: GBP/CHF
August - 1 - 2011
GBP/CHF has just completed the Down Channel chart pattern identified by Autochartist on the daily charts. Autochartist rates overall Quality of this chart pattern at the above-average 6 bar level as a result of the average Initial Trend (5 bars), high Uniformity (9 bars) and significant Clarity (6 bars). This
USDJPY – Bearishness Targets The 76.43 Level
August - 1 - 2011
USDJPY With a strong bearishness seen, further declines are now building up towards the 76.43 level, its 2011 low.On a decisive cut through that level, USDJPY will resume its long term downtrend and weaken further towards the 74.00 and 73.00 levels, all representing its psycho levels. Its weekly RSI
The Daily Wave Analysis
August - 1 - 2011
While assumptions prove to be true. Presumably, the price has started formation of the impulse or the Diagonal Triangle [5 iii. if the assumption is true, within the limits of its development it is possible to expect continuation of growth of the price.
The less-than-expected moderation in 2Q11 inflation in Australia reduced bets that the RBA will cut interest rates in coming months. It also triggered some analysts to forecast the central bank will adopt a rate hike as soon as in August. In our opinion, the central bank will pause for another