EUR/USD Forecast July 9, 2012, Technical Analysis
The EUR/USD pair fell precipitously for a third day in a row after the poor jobs number out of the United States was released. For the first time in two years, this pair is closing below the...
Month: July 2012
USD/JPY Forecast July 9, 2012, Technical Analysis
USD/JPY fell during the Friday session as the US jobs report came out weaker than expected, pushing this pared down to the 70.50 level where it found previous support. The church still looks like it is trying...
GBP/USD Forecast July 9, 2012, Technical Analysis
The GBP/USD pair fell on Friday as the jobs number came out weaker than anticipated. The 1.55 level was violated, but not significantly so and as such we think that further weakness will need to be seen...
AUD/USD Forecast July 9, 2012, Technical Analysis
AUD/USD fell for much of the Friday session as the US jobs number disappointed. The candle did find a bit of a bounce at 1.02, and as such it does look like there is some form of...
USD/CAD Forecast July 9, 2012, Technical Analysis
The USD/CAD pair had a relatively strong day during the Friday session as the markets were rocked by another poor employment number out of the United States. The pair gave back some of its gains towards the...
Economic Numbers Continue Bearish – Where Do We Buy The Swiss Franc?
Continuing from last Thursday’s trend when the Europeans and the Chinese cut their bank rates, and the Brits commenced another £50B of quantitative easing, Friday’s numbers continued bearish. Most significant were the US employment numbers.
USDCAD Analysis – July 7, 2012
USDCAD remains in downtrend from 1.0445, the price action from 1.0159 is likely consolidation of the downtrend. Bounce to 1.0300 area to complete the consolidation would likely be seen next week. Key resistance is at 1.0445, only...
USDCHF Analysis – July 7, 2012
USDCHF breaks above 0.9769 previous high resistance, suggesting that the uptrend from 0.8931 has resumed. Further rise could be expected next week, and next target would be at 1.0000 area. Key support is now located at 0.9421,...
USDJPY Analysis – July 7, 2012
USDJPY remains in uptrend from 77.66, the fall from 80.61 is likely consolidation of the uptrend. Support is at the upward trend line on daily chart, as long as the trend line support holds, uptrend could be...
AUDUSD Analysis – July 7, 2012
AUDUSD remains in uptrend from 0.9581, the price action from 1.0223 is likely consolidation of the uptrend. Pullback to 1.0050 area to complete the consolidation would likely be seen next week. Key support is at 0.9968, as...