AUDUSD Analysis – December 1, 2012
AUDUSD stays within a upward price channel on daily chart, and remains in uptrend from 1.0149, and the rise extends to as high as 1.0488. Further rise is still possible next week, and next target would be...
Month: December 2012
GBPUSD Analysis – December 1, 2012
GBPUSD is now facing the downward trend line on daily chart, a clear break above the trend line resistance will indicate that the downtrend from 1.6309 had completed at 1.5827 already, then further rise to test 1.6309...
EURUSD Analysis – December 1, 2012
EURUSD’s upward movement from 1.2661 extends to as high as 1.3027. Further rise to test 1.3171 resistance would likely be seen, a break above this level will confirm that the uptrend from 1.2042 has resumed, then the...
USD/JPY Forecast December 3, 2012, Technical Analysis
The USD/JPY pair had a strong showing on Friday, but did pullback from the 82.50 level. Right now though, it must be said that with the Wednesday hammer, it does look like we’re going higher.
USD/CAD Forecast December 3, 2012, Technical Analysis
The USD/CAD pair did very little during the session on Friday, as we continue to tread water just above the 0.99 handle. The range has been fairly tight over the last several sessions, and it appears that...
GBP/USD Forecast December 3, 2012, Technical Analysis
The GBP/USD pair had a wild session on Friday as we ended up lower, but after breaking the 1.6050 handle. Nonetheless, we see the 1.60 level is very supportive, mainly based upon the Wednesday candle that was...
EUR/USD Forecast December 3, 2012, Technical Analysis
The EUR/USD pair rose during the Friday session, but gave back quite a bit of the gains in order to form the second shooting star in a row. These to shooting stars were preceded by a hammer...
AUD/USD Forecast December 3, 2012, Technical Analysis
The AUD/USD pair went back and forth on Friday as the 1.04 level continues to offer support. We like the look of this pair, but do recognize the fact that it is risk sensitive, and as a...