GBP/USD Forecast December 16, 2011, Technical Analysis
The GBP/USD pair had a mildly bullish day on Thursday as it sits on the 1.55 support line. The area is actually 200 pips thick, and there is certainly massive support at the region.
Month: December 2011
USD/CAD Forecast December 16, 2011, Technical Analysis
USD/CAD fell on Thursday as oil markets regained some of the losses they suffered on Wednesday. The pair fell back down to the 1.03 levels, and area that we hoped to find support.
USD/CHF Forecast December 16, 2011, Technical Analysis
USD/CHF fell hard on Thursday as traders reacted to the lack of anything substantial in the Swiss National Bank statement. The markets were anticipating a raising of the floor in the EUR/CHF pair,
USD/JPY Forecast December 16, 2011, Technical Analysis
USD/JPY fell on Thursday as the Dollar got sold off in general. The pair has immense downward pressure on it going back a few years now, and this is why we only sell this pair. In fact,...
USD/JPY Analysis
Greetings. Let’s take a look at the USD/JPY. It looks like the pair has started to channel from as early as August. The pair is trying to push down but it looks like the 76.00 level is...
Forex-Metal Daily Analysis – 15/12/2011
Falling of World’s stock indices stimulated demand for safe assets.
EUR/USD Trades Below 1.30
The EUR/USD was trading below the 1.30 level for the first time since the beginning of the year. Market sentiment continues to move lower and the threat of an oncoming EU recession could drag the EUR lower...
USD/CAD Forecast December 15, 2011, Technical Analysis
USD/CAD rose again on Wednesday as the oil markets absolutely cratered. The selling of oil often will drive the value of the Canadian dollar down, and Wednesday wasn’t any different. The 1.03 level below could offer support...
AUD/USD Forecast December 15, 2011, Technical Analysis
AUD/USD fell on Wednesday as the risk off trade came back into vogue again. The parity level has been broken though, and the gap from two weekends ago looks set to be filled. The 0.97 level looks...
USD/CHF Forecast December 15, 2011, Technical Analysis
USD/CHF broke through the 0.95 level on Wednesday as the world still continues to buy the Dollar while avoiding a conflict against the Swiss National Bank and their distaste for Franc appreciation.