Tuesday 6 August 2013

FACTSFOREX DAILY ANALYSIS FOR 6/8/13

                                                         EUR/USD
Eur/usd moved up today after yesterday bearish close but failed to close above the consolidation range.We anticipate that the consolidation range is important for next directional moves.But as stated yesterday we are bearish bias in lieu of anticipated set up to confirm our bias.





                                                              GBP/USD
GBP/USD has a low trading volume today forming an indecision candle. We sit on our hand as we anticipate next directional move of this pair.Price action we light our way.





                                                                   NZD/USD
NZD/USD gained modestly today after yesterday bullish move.Yesterday gap was filled up after the market openned at 0.7750 zone.Given the momentum picking up on this pair, we expect rally to around 0.8107 zone where will can look for bearish setup as we love trading with dominant trend.



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