Forex Analysis

Forex Market Overview on 02/07/2013

Hello.On 02/07/2013 there are several interesting points on the market ...


After spurt and breaking the boundaries of the triangle formed on the weekly chart, the price has stopped at the level of 1.56252.In this situation it is better to wait for the pullback to the border triangle, and from there go to the sale, if there is confirmation of a Price Action Patterns.Rollback will confirm that the sample was not false.not recommended to consider buying.


price formed at the level of 0.90949 Pin Bar.Apparently bulls still have not overcome the bears and should consider selling.The immediate objective for sales, the lower limit of the downward channel.From shopping recommended to refuse.


Euro / Pound hovered sideways.Sales are encouraged to consider below 0.85513, buying carefully consider the above 0.86755.


USDCAD again shows that bears are strong bulls.Probably in the near future should not expect the price to the level of 0.99094.It is recommended to con

sider the sale and purchase of refrain.For shopping bulls strength is not enough.