USDJPY Analysis – June 1, 2013
USDJPY’s fall from 103.73 extends to as low as 100.22. Deeper decline is still possible next week, and the target would be at 98.00 – 99.00 area.
Month: June 2013
AUDUSD Analysis – June 1, 2013
AUDUSD’s downward movement from 1.0582 extends to as low as 0.9528. Resistance is now at 0.9800, as long as this level holds, the downtrend could be expected to continue, and next target would be at 0.9400 area,...
GBPUSD Analysis – June 1, 2013
GBPUSD is facing 1.5250 resistance, a break above this level will indicate that the downtrend from 1.5605 had completed at 1.5008 already, then the following upward movement could bring price to 1.6000 zone.
EURUSD Analysis – June 1, 2013
EURUSD failed to break below 1.2747 support, and rebounded from 1.2796, suggesting that lengthier sideways movement in a range between 1.2747 and 1.3242 is underway.
USD/JPY Forecast June 3, 2013, Technical Analysis
The USD/JPY sold off during the session on Friday, but as you can see we closed above the 100 handle. The 100 handle was the top of a significant ascending triangle that sent this market much higher.
USD/CAD Forecast June 3, 2013, Technical Analysis
The USD/CAD pair rose during the session on Friday, finding the 1.03 level supportive. Looking at this candle, you can see that there was plenty of support for the move during the day, but the 1.04 level...
GBP/USD Forecast June 3, 2013, Technical Analysis
The GBP/USD pair fell during the balance of the session on Friday, but as you can see bounced enough to form a hammer. Interestingly enough, not only is the daily candle a hammer, but so is the...
EUR/USD Forecast June 3, 2013, Technical Analysis
The EUR/USD pair fell during the session on Friday, but found support down at the 1.2950 range. We bounced from there, and closed right at the 1.30 handle. The shape of the candle is a hammer, in...
AUD/USD Forecast June 3, 2013, Technical Analysis
The AUD/USD pair fell hard during the Friday session, but as you can see bounced at the very end of the day. However, it looks like this market is trying to break down, and in this general...