The USD/JPY shot up to a fresh seven-month high during afternoon trading yesterday, as speculations regarding the outcome of upcoming Japanese elections caused investors to shift their funds away from the yen.
The Dollar Index is trading at 81.25 ranges still hovering around the short term resistance of 81.00-81.20 from where it sold off during September last.
The USD/JPY pair continued to grind higher on Tuesday, as the Bank of Japan works its way against the Yen. The marketplace should continue to grind higher, but we have seen a significant move in a short...
The USD/CAD pair did very little during the session on Tuesday as we continue to consolidate between the parity and 0.99 levels. We currently sit just below the 200 day exponential moving average, and as such there...
GBP/USD rose during the session on Tuesday as the top of Monday’s shooting star has been broken. This is a bullish sign, and as such we believe that this market will continue to rise over the next...
EUR/USD finally closed above the 1.28 level as that resistance area has been slowly chipped away over the last couple of weeks. With this being said, it is a bullish sign and we would consider the possibility...
AUD/USD into the session essentially unchanged after flirting with both opposed 1.04 levels, and pre-1.04 levels. In other words, the market went back and forth and eventually did nothing.
Technical analysis for 20.11
Date: 19.11.2012 Time: 17:24 Rate: 0.9403 4 Hour chart Last Review USD/CHF Forecast- The price has reached the 0.9513 price level and immediately backed down while at the moment it is located under the Bollinger’s moving average...
Date: 19.11.2012 Time: 17:13 Rate: 1.0404 4 Hour chart Last Review AUD/USD Forecast- the price has descended and checked the 1.04110 support level while breaching the 1.0443 resistance level will probably lead the price towards the closest...