USDJPY Analysis – June 16, 2012
USDJPY has formed a cycle bottom at 77.66 on daily chart. Another rise to test 80.61 key resistance would likely be seen next week, as long as this level holds, the price action from 77.66 could be...
Month: June 2012
AUDUSD Analysis – June 16, 2012
AUDUSD has formed a cycle bottom at 0.9581 on daily chart. The pair is now in uptrend from 0.9581, further rise could be expected next week, and next target would be at 1.0300 area. Support is at...
GBPUSD Analysis – June 16, 2012
GBPUSD failed to break below 1.5236 support, and rebounded from 1.5268. Further rise is still possible next week, and next target would be at 1.6000 area. Support is at 1.5450, only break below this level could trigger...
EURUSD Analysis – June 16, 2012
EURUSD has formed a cycle bottom at 1.2288 on daily chart. Further rally is still possible next week, and next target would be at 1.2800-1.2900 area. However, the rise from 1.2288 is likely consolidation of the downtrend...
EUR Range Trades ahead of Greek Elections
The euro failed to make significant movements in trading yesterday, despite rising Spanish and Italian bond yields which many analysts had predicted would bring the common-currency lower vs. its main rivals.
USD/JPY Forecast June 15, 2012, Technical Analysis
The USD/JPY pair fell for the session on Thursday as the pair is essentially stuck between the 0.79 and 0.8050 levels, and is simply looking for some kind of direction to follow. The Bank of Japan is...
USD/CAD Forecast June 15, 2012, Technical Analysis
The USD/CAD pair fell during the session on Thursday as the comments by several central bankers suggested that even more easy money would be on the way if the Greek elections caused a market meltdown. This isn’t...
GBP/USD Forecast June 15, 2012, Technical Analysis
The GBP/USD pair rose during the Thursday session as hopes crept back into the market of a central bank intervention to support the markets – especially the Euro. The Greek elections are Sunday, and they will be...
EUR/USD Forecast June 15, 2012, Technical Analysis
The EUR/USD continued to be the epicenter of the financial world as the Greek elections loom on Sunday. The markets were going back and forth to the headlines over the course of the afternoon in America as...
AUD/USD Forecast June 15, 2012, Technical Analysis
The AUD/USD pair rose during the Thursday session as the “risk on” attitude of the markets was boosted by the central banks out there suggesting that they were going to step in and provide liquidity for the...