USD/CAD Technical Analysis September 12, 2011
USD/CAD rose on Friday as traders sold off the risk currencies around the world. The oil markets dipped as well, and this always spells trouble for the Loonie.
Month: September 2011
AUD/USD Technical Analysis September 12, 2011
The AUD/USD fell on Friday, as did all risk-related currencies. However, the AUD is a bit insulated as there is massive demand for gold at the moment, and Australia has plenty of it.
USD/CHF Technical Analysis September 12, 2011
The USD/CHF pair rose on Friday, and continues to hover above the 200-day moving average. Most traders recognize a breaking of the 200-day moving average as a trend change, and we certainly noticed the breaking of the...
GBP/USD Technical Analysis September 12, 2011
The GBP/USD pair fell hard on Friday after forming shooting star candles the previous two sessions. As we mentioned before, this is a bearish sign, and it finally triggered on Friday to produce sell signals.
USD/JPY Technical Analysis September 12, 2011
The USD/JPY fell after first rising during the Friday session to form a hammer just above the all-important 77 handle. Because of this, we are getting more and more interested in perhaps going long this pair.
EUR/USD Technical Analysis September 12, 2011
The EUR/USD pair finally came undone during the Friday session, and we have had a major breaking of support as a result. The pair smashed through the last of the support that it had, and as a...
USDCAD Analysis – September 10, 2011
USDCAD is facing 1.0009 resistance, a break above this level will indicate that the uptrend from 0.9406 has resumed, then next target would be at 1.0200 area. Support is at 0.9725, only break below this level could...
USDCHF Analysis – September 10, 2011
USDCHF broke above 0.8240 resistance and reached as high as 0.8863, suggesting that the uptrend from 0.7067 has resumed. Further rise could be seen after a minor consolidation, and next target would be at 0.9500 area.
USDJPY Analysis – September 10, 2011
No changed in our view, USDJPY remains in downtrend from 85.51, and the price action from 76.29 is treated as consolidation of downtrend. One more rise is expected next week, and target would be at 79.00 zone....
AUDUSD Analysis – September 10, 2011
AUDUSD has formed a cycle top at 1.0764 on daily chart. Deeper decline towards 0.9927 previous low is expected in a couple of weeks. Resistance is at 1.0764, only break above this level could trigger another rise...