USDJPY Analysis – July 22, 2012
USDJPY’s downward movement from 80.61 extends to as low as 78.43. Further decline would likely be seen over the next several days, and next target would be at 76.00 area. Resistance is now at 79.50, only break...
Month: July 2012
AUDUSD Analysis – July 22, 2012
After consolidation, AUDUSD continues its upwards movement from 0.9581, and the rise extends to as high as 1.0443. Further rise is still possible over the next several days, and next target would be at 1.0600 area. Key...
GBPUSD Analysis – July 22, 2012
GBPUSD moves sideways in a range between 1.5268 and 1.5776. As long as 1.5776 resistance holds, the price action in the range is treated as consolidation of the downtrend from 1.6301, and another fall towards 1.5000 is...
EURUSD Analysis – July 22, 2012
EURUSD continues its downward movement from 1.2747 and the fall extends to as low as 1.2144. Further decline is still possible over the next several days, and next target would be at 1.2000. Key resistance is now...
EUR/USD forecast July 23, 2012, Technical Analysis
EUR/USD pair fell during the Friday session, to test the recent lows at the 1.2150 level. This bearish candle smashed through three hammers and a doji in one sudden move. This suggests to us that the bearish...
USD/JPY forecast July 23, 2012, Technical Analysis
The USD/JPY pair fell during the session on Friday as the markets sold off risk in general. The pair looks very weak, but we have to keep in mind that the Bank of Japan is sitting below,...
GBP/USD forecast July 23, 2012, Technical Analysis
The GBP/USD pair fell hard on Friday, as the “risk off” trade came rushing back into the markets. The change in attitude saw the Dollar reign during the day, and as such we are not willing to...
AUD/USD forecast July 23, 2012, Technical Analysis
The AUD/USD pair fell on Friday as the “risk off” trade came roaring back. The Aussie should continue to fall in the short term, but the 1.03 level below looks very supportive. It is because of this...
USD/CAD forecast July 23, 2012, Technical Analysis
The USD/ CAD pair rose during the session on Friday, to retest the previous support area for resistance. So far, it has held. This is certainly a reaction to the “risk off” attitude of the markets, and...
AUD/USD: technical analysis – July 20, 2012
The aussie has been rising, although it has slowed down after reaching close to the underside of a major multi-year trend-line which would be expected to exert downward pressure. It has also pulled back 61.8% of the...