EURUSD Analysis – May 25, 2013
EURUSD is facing 1.2747 support, a breakdown below this level will indicate that the downtrend from 1.3711 has resumed, then deeper decline to 1.2250 area could be seen.
Month: May 2013
USD/JPY Forecast May 27, 2013, Technical Analysis
The USD/JPY pair fell during the session on Friday, retracing a lot of the gains that it had recovered the previous day. That being said, this market still has a massive support area underneath it at the...
USD/CAD Forecast May 27, 2013, Technical Analysis
The USD/CAD pair went back and forth on Friday, and formed a shooting star in the end. However, we are sitting just above the 1.03 support level, and as a result we may not get the bearish...
GBP/USD Forecast May 27, 2013, Technical Analysis
The GBP/USD pair rose during the session on Friday, but not enough to make a substantial move. We are essentially meandering around the middle of the range that the market is trading and currently, and as a...
EUR/USD Forecast May 27, 2013, Technical Analysis
The EUR/USD pair tried to rally during the session on Friday, as the 1.30 level was hit during the day. This level offered enough resistance in order to see the market fall back down and form a...
AUD/USD Forecast May 27, 2013, Technical Analysis
The AUD/USD pair did very little during the session on Friday, but held onto the 0.9650 level for support. This area is significant on the longer-term charts as well, holding up support for several years on the...
GBP/USD Retracement Scenario (May 24, 2013)
The recent correction in GBP/USD is giving pound bears a chance to hop in the ongoing selloff at a better price. The pair rebounded off its recent lows and appears to be making a pullback to any...
USD/JPY Forecast May 24, 2013, Technical Analysis
The USD/JPY pair fell rather precipitously during the session on Thursday, predicated upon poor economic numbers coming out of China. However, you can see that quite a bit of the losses were gained back, and as a...
USD/CAD Forecast May 24, 2013, Technical Analysis
The USD/CAD currency pair fell during the session on Thursday, testing the 1.03 level for support. Although we close the very bottom of the candle, it must be said that the market did stop at that general...
GBP/USD Forecast May 24, 2013, Technical Analysis
The GBP/USD pair had a positive session as we bounced off of the 1.50 level during the Thursday trading hours. This is the move that we had anticipated, as the area would of course be very significant...