AUDUSD Analysis – April 14, 2012
AUDUSD breaks above the downward trend line on daily chart, suggesting that a cycle bottom is being form at 1.0225. Further rise is still possible next week, and the target would be at 1.0550 area. However, the...
Month: April 2012
GBPUSD Analysis – April 14, 2012
GBPUSD is forming a cycle top at 16062 on daily chart. Key support is at 1.5800, a breakdown below this level will confirm the cycle top, then deeper decline towards 1.5600 could be seen. Resistance is at...
EURUSD Analysis – April 14, 2012
EURUSD is facing 1.3003 support, a breakdown below this level will signal resumption of the downtrend from 1.3486, then deeper decline towards 1.2624 previous low could be seen. Resistance is now at 1.3250, only break above this...
Forex-Metal Daily Analysis -12/04/2012
The Australian Employment Change report generated a positive bios and Australian currency rose against all major currencies.
Euro Hits 1-Week High vs. USD
The euro rose to a one-week high against the US dollar during yesterday’s trading session, as positive international fundamental data led to an increase in risk taking. Analysts are warning that overall market sentiment is still bearish...
USD/JPY Forecast April 13, 2012, Technical Analysis
The USD/JPY pair fell for the session on the day Thursday. The 80 handle below should continue to remain supportive, and we think that selling it is going to be hard to do until we get below...
USD/CAD Forecast April 13, 2012, Technical Analysis
The USD/CAD pair fell hard during the session on Thursday as the “risk on” trade came roaring into the markets. The pair has broken the bottom of a hammer from the Wednesday session, and as luck would...
GBP/USD Forecast April 13, 2012, Technical Analysis
Cable rose for the Thursday session on the bullish pressure in this pair. The 1.58 level has been supportive, and the 200 day exponential moving average is just below, offer a greater reason to get long.
EUR/USD Forecast April 13, 2012, Technical Analysis
The EUR/USD pair rose for the session on Thursday in response to Janet Yellen of the Federal Reserve talking about the need to keep rates low in the United States going forward. This had the markets repricing...
AUD/USD Forecast April 13, 2012, Technical Analysis
The AUD/USD pair rose on Thursday as the gold markets shot up as well. The Federal Reserve is expected to keep rates low for quite some time as there were a few different board members making comments...