AUD/USD Forecast June 4, 2012, Technical Analysis
The AUD/USD pair had a bearish day on the Friday session as the Non-Farm Payroll reports in America came out very weak. However, the bounce at the end of the day managed to form a hammer in...
Month: June 2012
USD/CAD Forecast June 4, 2012, Technical Analysis
The USD/CAD pair shot straight up for the session on Friday as the Non-Farm Payroll number came out very weak. The mere 69 thousand jobs that America added suggests that the demand for Canadian crude will be...
Disappointing Non-Farm Payrolls Sends USD Tumbling
The USD tumbled vs. its main currency rivals on Friday, following the release of a worse than expected Non-Farm Payrolls figure which showed that the US only added 69K jobs in May. Analysts had been forecasting the...
USDCAD Analysis – June 2, 2012
USDCAD’s upward movement from 0.9799 extends to as high as 1.0441. Further rise is still possible next week, and next target would be at 1.0550 area. Support is at 1.0300, only break below this level could signal...
USDCHF Analysis – June 2, 2012
USDCHF’s upward movement from 0.9043 extends to as high as 0.9769. Further rise is still possible next week, and next target would be at 0.9900 area. Support is at 0.9500, only break below this level could signal...
USDJPY Analysis – June 2, 2012
USDJPY stays below a downward trend line on daily chart, and remains in downtrend from 84.17, and the fall extends to as low as 77.66. Key resistance is at the trend line, as long as the trend...
AUDUSD Analysis – June 2, 2012
AUDUSD continues its downward movement from 1.0855, and the fall extends to as low as 0.9581. Further decline is still possible next week, and next target would be at 0.9450 area. Key resistance is at 0.9900, only...
GBPUSD Analysis – June 2, 2012
GBPUSD is facing 1.5236 support, a breakdown below this level will indicate that the downtrend from 1.6745 (Apr 28, 2011 high) has resumed, then further decline towards 1.4500 could be seen. Resistance is at 1.5500, only break...
EURUSD Analysis – June 2, 2012
EURUSD stays below a downward trend line on daily chart, and remains in downtrend from 1.3283, and the fall extends to as low as 1.2288. As long as the trend line resistance holds, downtrend could be expected...
USD/JPY Forecast June 1, 2012, Technical Analysis
The USD/JPY pair fell on Thursday as the “risk off” trade continues to rock the markets. The Non-Farm Payroll numbers come out later today, and if the number is strong, this pair could see a nice bounce.