AUDUSD Analysis – January 21, 2012
AUDUSD continued its upward movement from 0.9861, and the rise extended to as high as 1.0487. Further rise could be seen next week, and next target would be at 1.0700 area. Support is at 1.0350, only break...
Month: January 2012
GBPUSD Analysis – January 21, 2012
After breaking below 1.5272 previous low, GBPUSD rebounded strongly from 1.5236, suggesting that a cycle bottom has been formed on daily chart. Further rise could be seen over the next several weeks, and the target would be...
EURUSD Analysis – January 21, 2012
EURUSD broke above the upper line of the price channel on daily chart, suggesting that a cycle bottom has been formed. Further rally would likely be seen over the next several weeks, and the target would be...
EUR Rallies Following Positive Global Data
The euro was largely up during yesterday’s trading session, as positive global data led to risk taking among traders. A successful Spanish debt auction combined with a lower than forecasted US Unemployment Claims were largely responsible for...
AUD/USD Forecast January 20, 2012, Technical Analysis
AUD/USD initially dipped for the Thursday session as the Aussie sold off on poor job numbers out of that country. However, as the session continued, the “risk on” trade kicked into gear, and the Aussie always gets...
EUR/USD Forecast January 20, 2012, Technical Analysis
The EUR/USD pair had a strong showing during the Thursday session as the European bonds auctions continue to do fairly well all things considered. However, there is a massive resistance area coming up, based upon the yellow...
GBP/USD Forecast January 20, 2012, Technical Analysis
GBP/USD rose again for the session on Thursday as the “risk on” trade got a boost by the successful bond auctions in Europe. The pair is highly sensitive to global risk and especially European risk as the...
USD/CAD Forecast January 20, 2012, Technical Analysis
USD/CAD fell on Thursday, and even managed to poke through the bottom of the massive symmetrical triangle that we have been watching lately. The breech of the uptrend line was significant, but even more important was the...
USD/CHF Forecast January 20, 2012, Technical Analysis
USD/CHF fell again during the Thursday session as the world suddenly feels relieved about the situation in Europe as a few bond auctions have gotten better. The pair is flowing just above the 0.93 levels, and area...
USD/JPY Forecast January 20, 2012, Technical Analysis
USD/JPY rose during the session as the risk appetite in the markets overall improved. The level that the pair rose from is massive support, and the pair reacted as we had anticipated.