GBPUSD’s downward movement from 1.6546 extended to as low as 1.5912. Deeper decline is still possible next week, and next target would be at 1.5700-1.5800 area. Resistance is at 1.6265, as long as this level holds, downtrend...
EURUSD stayed in a trading range between 1.3969 and 1.4696 for several weeks. The sideways movement could be expected to continue in a couple of weeks. Another fall towards 1.3500 would more likely be seen after consolidation,...
Euro reaches its 3-months maximum.
After 3 days of an impressive rally, we have seen AUD/USD consolidating yesterday drawing a doji on the daily chart. The daily upper bollinger band being reached, we might see some corrective move going forward.
The USD/CAD is back under pressure after the break of its rising trendline (see chart below). We expect a continuation of the move to the downside with next target at 0,95 corresponding to the daily lower bollinger...
We think the USD/CHF setup is now very constructive with the formation of a potential matrial base on top of the historical low at 0,8275. A break above 0,8550 is still required though to really validate a...
The setup is being contructive on the USD/JPY with a possible material base on top of the 80,00 support. We still need though to see the market establish above 81,00 for an acceleration to the upside.
The Cable bounce on top of 1,59 has been well capped by 1,61 and a descending trendline (see chart below). The overall outlook remains bearish but the daily studies are pointing to further gains on the pair...
The Euro remains well bid after its break above previous high at 1,4440. We now see a potential towards June high near 1,47.
07/01/2011 09:01 UTC GBP swings lower as it weakens against the USD, EUR, NZD, CAD and AUD. Recent mid-term strength indicator reading for GBP is 1 out of 8, thus suggesting that the current swing may be...
