USD/CAD Forecast June 12, 2012, Technical Analysis
The USD/CAD pair shot up like a rocket after first gapping to the downside on the open. The gap was filled, and the bulls went beyond that level as well. The candle from the Friday session is...
Month: June 2012
Forex-Metal Weekly Analysis
Market review for 04-08.06.2012
Spanish Banking Worries Lead to Further Euro Losses
The euro fell against several of its main currency rivals on Friday, following another Spanish credit rating downgrade and the news that the country will require a bailout to help its ailing banking sector.
EUR/USD Forecast June 11, 2012, Technical Analysis
The EUR/USD pair continued to be the focus of everyone in the Forex world on Friday. The pair features a currency that many think may not even exist in a couple of years, and as a result...
USD/JPY Forecast June 11, 2012, Technical Analysis
The USD/JPY pair fell for most of the session on Friday, only to turn around and form a hammer in the end. The hammer is just below a massive resistance area though, so we don’t read too...
GBP/USD Forecast June 11, 2012, Technical Analysis
The GBP/USD pair fell during the Friday session as the Pound’s woes continued. The Dollar has been relentlessly gaining on European currencies in general, and the Pound is no different.
AUD/USD Forecast June 11, 2012, Technical Analysis
The AUD/USD pair fell most of the session on Friday, only to turn around and bounce during the US session. This shows that there is a lot on the market’s mind and a lot of confusion as...
USD/CAD Forecast June 11, 2012, Technical Analysis
The USD/CAD pair rose quite a bit during the session on Friday, only to turn back around as the rumors of a bailout flew around the markets worldwide. The “hopium” trade seems to be back on the...
USDCAD Analysis – June 10, 2012
USDCAD has formed a cycle top at 1.04445 on daily chart. Further decline could likely be seen next week, and next target would be at 1.0000 area. Key resistance is now at 1.04445, only break above this...
USDCHF Analysis – June 10, 2012
USDCHF has formed a cycle top at 0.9769 on daily chart, key support is at 0.9500, a breakdown below this level will indicate that the upward movement from 0.9043 has completed, then the following downward movement could...