USDCAD Analysis – December 31, 2011
USDCAD is forming a triangle pattern on daily chart. Another rise towards the upper border of the pattern would likely be seen next week, a clear break above the pattern could bring price to 1.1000 area. On...
Month: December 2011
USDCHF Analysis – December 31, 2011
USDCHF remains in uptrend from 0.8569, the price action from 0.9546 is treated as consolidation of uptrend. Another rise towards 1.0000 could be expected after consolidation, and a break above 0.9546 could signal resumption of uptrend. Key...
USDJPY Analysis – December 31, 2011
USDJPY continued its sideways movement in a range between 75.57 and 79.52. The pair has formed a cycle top at 78.21 on daily chart. Further fall to test 75.57 previous low support is expected next week.
AUDUSD Analysis – December 31, 2011
AUDUSD’s rise from 0.9861 extended further to as high as 1.0267. As long as 1.0378 resistance holds, the rise is treated as correction of downtrend from 1.0378, and another fall towards 0.9390 previous low is still possible.
GBPUSD Analysis – December 31, 2011
Being contained by 1.5272 support, GBPUSD formed a sideways consolidation below 1.5779. Another fall to test 1.5272 support is possible next week, a breakdown below this level could bring price to 1.4500 zone. On the other side,...
EURUSD Analysis – December 31, 2011
EURUSD continued its downward movement from 1.4246, and the fall extended to as low as 1.2858. Resistance remains at the upper border of the price channel on daily chart, as long as the channel resistance holds, downtrend...
2012 Preview – Examining the Major Issues
As we approach New Years we’ll attempt to address the major issues for 2012.
AUD/USD Forecast December 30, 2011, Technical Analysis
AUD/USD bounced on Thursday as the “risk on” trade came back into vogue. The market is very schizophrenic in its behavior lately, so this bounce isn’t a surprise anymore.
EUR/USD Forecast December 30, 2011, Technical Analysis
The EUR/USD fell during the session on Thursday after the Italian 10 year bond auctions came out with a lackluster performance. The yield was just under 7%, but the after auction trading in the secondary markets saw...
GBP/USD Forecast December 30, 2011, Technical Analysis
GBP/USD fell on Thursday as the Italian bond auction didn’t go as well as expected. This pushed riskier assets down, but the follow thorough just wasn’t there in this pair. Because of this, we saw the pair...