USDJPY Analysis – April 14, 2013
USDJPY’s upward movement from 77.14 (Sep 13, 2012 low) extends to as high as 99.94. Further rise is still possible, and next target would be at 102.00 area. Support is now at 96.00, as long as this...
Month: April 2013
AUDUSD Analysis – April 14, 2013
AUDUSD is facing 1.0597 resistance, a break above this level will indicate that the sideways movement in a range between 1.0115 and 1.0624 (Sep 14, 2012 high) has completed, then further rise to 1.0700 – 1.0800 area...
GBPUSD Analysis – April 14, 2013
GBPUSD stays within a upward price channel on daily chart, and remains in uptrend from 1.4831. Key support is at the lower line of the channel, as long as the channel support holds, the uptrend could be...
EURUSD Analysis – April 14, 2013
EURUSD’s upward movement from 1.2747 extends to as high as 1.3138, suggesting that a cycle bottom had been formed on daily chart, and the downward movement from 1.3711 had completed. Further rise could be expected, and next...
USD/JPY Forecast April 15, 2013, Technical Analysis
The USD/JPY pair fell rather drastically during the Friday session, but all things considered we are still very bullish overall. Looking at this chart, it makes sense of the 100 level cause quite a bit of resistance,...
USD/CAD Forecast April 15, 2013, Technical Analysis
The USD/CAD pair bounced off of the 1.01 handle on Friday to form a relatively bullish looking candle. This pair looks like one that simply wants to bounce around between 1.01 and 1.02 for the meantime.
GBP/USD Forecast April 15, 2013, Technical Analysis
The GBP/USD pair had a slightly negative session on Friday, but it continues to stair step its way higher. Ultimately, this market does look like it’s broken out of it, but we do see several places that...
EUR/USD Forecast April 15, 2013, Technical Analysis
The EUR/USD pair fell during the Friday session, and as a result it is most of the day below the 1.31 level. However, this bounce that we saw late in the day formed a hammer above the...
AUD/USD Forecast April 15, 2013, Technical Analysis
The AUD/USD pair fell during the session on Friday, but did get a bit of a bounce once we got to the 1.0480 handle. The resulting candle ended up closing above the 1.05 handle, and as a...
Daily review of EUR/USD and USD/JPY (12 April 2013)
EUR/USD- After relatively steady start of the trading day, the euro fell sharply against the dollar, briefly plummeting below the 1.30 mark ahead of Eurogroup finance minister meeting later in the day. The single currency managed to...