Friday 13th 2012. One of the reasons given for the modest rally in European stocks today is the Chinese GDP released last night. It had been estimated the quarters GDP would be down to 7.7%, last year it...
No changed in our view, USDCAD remains in downtrend from 1.0445, the price action from 1.0159 is likely consolidation of the downtrend. Support is at 1.0100, a breakdown below this level could signal resumption of the downtrend....
USDCHF’s uptrend from 0.8931 extends to as high as 0.9872. The uptrend could be expected to continue over the next several days, and next target would be at 1.0000. Support is now at 0.9700, only break below...
USDJPY has formed a cycle top at 80.61 on daily chart. Further decline would likely be seen over the next several days, and the first target is 77.66, a breakdown below this level will indicate that he...
AUDUSD trades in a range between 0.9968 and 1.0328. As long as 0.9968 key support holds, the price action in the range is treated as consolidation of the uptrend from 0.9581, and another rise towards 1.0500 is...
GBPUSD’s fall from 1.5776 extends to as low as 1.5393. Further decline to test 1.5236 support is still possible after a minor consolidation. Resistance is at 1.5650, as long as this level holds, the downtrend could be...
EURUSD’s downward movement from 1.2747 extends to as low as 1.2162. Further decline is still possible, and next target would be at 1.2000. Resistance is at 1.2350, only break above this level will indicate that a cycle...
The EUR/USD pair bounced during the Friday session, as the 1.22 level held as support. This bounce will more than likely signal an opportunity to sell this pair again, as the trend is so obviously bearish.
The USD/JPY pair fell during the Friday session to pierce the 79 handle. This level has been supportive in the past, and Friday’s action was no different. The area has been supportive over the last couple of...
The GBP/USD pair surge during the Friday session as the “risk on” trade came back into play. The US dollar was beat up pretty much around the world, and as such certain pairs really accelerated to the...
