AUDUSD Analysis – January 28, 2012
AUDUSD is facing 1.0750 resistance, consolidation would likely be seen before breaking above this level, and the trading range for next week would be between 1.0450 and 1.0750.
Month: January 2012
GBPUSD Analysis – January 28, 2012
GBPUSD’s rebound from 1.5236 extended to as high as 1.5739. Further rise would likely be seen in a couple of weeks, and the target would be at 1.6000 area. Initial support is at 1.5590, as long as...
EURUSD Analysis – January 28, 2012
EURUSD’s bounce from 1.2624 extended to as high as 1.3233. Further rise is still possible next week, and next target would be at 1.3500 area. Key resistance is at 1.3700, as long as this level holds, the...
Forex-Metal Daily Analysis -27/01/2012
The U.S. dollar was traded lower against almost all of its major competitors.
EUR Bullish as Investors Shift Focus to Fed Decision
The euro staged a strong upward correction throughout the day yesterday, as investors shifted focus away from the euro-zone crisis to a recent decision from the US Federal Reserve.
AUD/USD Forecast January 27, 2012, Technical Analysis
The AUD/USD pair surged again on Thursday as the “risk on” trade continues. The fact that the Federal Reserve is promising to keep rates ultra low until the end of 2014 continues to put in a bid...
EUR/USD Forecast January 27, 2012, Technical Analysis
EUR/USD rose during the Thursday session as traders continued to sell the Dollar overall. However, by the end of the session, all of those gains were given up as the market formed a shooting star at the...
GBP/USD Forecast January 27, 2012, Technical Analysis
GBP/USD rose again on Thursday as traders continued to buy the Pound in general. The move higher has been pretty impressive, but the truth is that the pair had entered a downtrend a couple of months ago,...
USD/CAD Forecast January 27, 2012, Technical Analysis
The USD/CAD pair fell during the Thursday session as traders pushed the market down below the parity level. The market continues to be pushed around by the oil markets, and will certainly be so for the near...
USD/CHF Forecast January 27, 2012, Technical Analysis
USD/CHF fell during the Thursday session as the Dollar got sold against many currencies around the world. The later hours saw a bounce though, and the resulting candlestick formed a hammer.