USD/CHF Technical Analysis August 15, 2011
The USD/CHF pair continued to rise during the Friday session as trader shed the Franc in fears of an eventual peg to the Euro. (This was mentioned as a possibility by some members of the SNB recently.)
Month: August 2011
GBP/USD Technical Analysis August 15, 2011
The GBP/USD rose after first falling on Friday, but fell short of closing above the 1.63 level that previously indentified the bottom of the consolidative action in the market.
USD/JPY Technical Analysis August 15, 2011
USD/JPY fell again on Friday as traders attempted to push prices lower, but as with the last several days, found themselves wanting. The BoJ intervened at this level recently, and there are indications that they may be...
EUR/USD Technical Analysis August 15, 2011
EUR/USD rose slightly during an uninspired session on Friday. The pair continues to drift within the downward channel, and traders are currently trading as if the market wants to figure out which currency is worse.
USDCAD Analysis – August 13, 2011
USDCAD is forming a cycle top at 1.0009 on daily chart. Key support is at 0.9765, a breakdown below this level will confirm the cycle top, then deeper decline towards 1.9406 previous low could be seen. Resistance...
USDCHF Analysis – August 13, 2011
USDCHF bounced strongly from 0.7067, suggesting that a cycle bottom has been formed on daily chart. Further rally could be expected in a couple of weeks, and target would be at the downtrend line. Key support is...
USDJPY Analysis – August 13, 2011
USDJPY is facing 76.29 support, a breakdown below this level could signal resumption of downtrend from 85.51, then next target would be at 73.00 area. Initial resistance is at 77.20, a break above this level could bring...
AUDUSD Analysis – August 13, 2011
AUDUSD has formed a cycle bottom at 0.9927, and the fall from 1.1080 has completed. Further rise is expected after a minor consolidation, and next target would be at 1.0600-1.0700 area. Key support is at 0.9927, only...
GBPUSD Analysis – August 13, 2011
GBPUSD’s rise from 1.5781 extended to as high as 1.6476, the subsequent fall is treated as consolidation of uptrend. Another rise could be seen after consolidation, and next target would be at 1.6600-1.6700 area.
EURUSD Analysis – August 13, 2011
EURUSD stays in a price channel on daily chart. As long as the channel resistance holds, we’d expect downtrend to resume, and one more fall towards the lower border of the channel is possible. Key resistance is...