EURUSD Analysis – December 22, 2012
EURUSD remains in uptrend from 1.2661, and the rise extends to as high as 1.3308. Further rise is still possible next week, and next target would be at 1.3400 area. Support is located at the lower line...
Month: December 2012
USD/JPY Forecast December 24, 2012, Technical Analysis
The USD/JPY pair fell during the Friday session, but bounced off of the 84 handle again and formed a hammer for the second day in a row. Looking at this chart, we can see that the 84...
USD/CAD Forecast December 24, 2012, Technical Analysis
The USD/CAD pair shot through the 0.99 handle during the session on Friday, but failed to close above the 0.9950 level which was our signal to start buying. Because of this, we would have this pair as...
GBP/USD Forecast December 24, 2012, Technical Analysis
The GBP/USD pair fell precipitously during the Friday session as the “risk off” trade came back into play. With the failing of the so-called “fiscal cliff” talks, this market absolutely cratered. However, you can see that roughly...
EUR/USD Forecast December 24, 2012, Technical Analysis
The EUR/USD pair fell on Friday, but found quite a bit of support at the 1.3150 handle as it bounced from that significant level. With Wednesday and Thursday both printing shooting stars, and the Friday candle pretty...
AUD/USD Forecast December 24, 2012, Technical Analysis
The AUD/USD pair fell rather harshly during the Friday session as we slammed into the 1.0 for support level. In fact, that’s exactly where we stopped and we managed to close of the very bottom of the...
Euro Sees Gains amid Hopes for US Budget Resolution
Risk taking in the marketplace, largely due to hopes that US budget negotiations would soon be resolved and the “fiscal cliff” of tax increases and spending cuts would be avoided, helped higher yielding assets, including the euro,...
USD/JPY Forecast December 21, 2012, Technical Analysis
The USD/JPY pair fell during the session on Thursday, but remains above the 84 handle as it appeared to offer support. The area is one that we have been wanting for quite some time, and now that...
USD/CAD Forecast December 21, 2012, Technical Analysis
The USD/CAD pair fell from the 0.99 resistance level during the Thursday session as we continue to bounce around in this consolidation box. It appears that we have a bottom at the 0.98, and the top and...
GBP/USD Forecast December 21, 2012, Technical Analysis
The GBP/USD pair rose during the session on Thursday as we continue to try and pound through the 1.63 level. This area is significant resistance, and if we can get above that this would be a very...