USDJPY Analysis – June 23, 2013
USDJPY remains in downtrend from 103.73, the rise from 93.79 is likely correction of the downtrend. Range trading between 93.79 and 100.00 would likely be seen in a couple of weeks.
Month: June 2013
AUDUSD Analysis – June 23, 2013
AUDUSD’s downward movement from 1.0582 extends to as low as 0.9163. Further decline is still possible, and next target would be at 0.9000 area. Initial resistance is at the downward trend line on daily chart, as long...
GBPUSD Analysis – June 23, 2013
GBPUSD remains in uptrend from 1.4831, the price action from 1.5605 could be treated as consolidation of the uptrend. Pullback to test the support of the lower line of the price channel on daily chart would likely...
EURUSD Analysis – June 23, 2013
EURUSD broke below 1.3170 support, suggesting that the uptrend from 1.2796 had completed at 1.3415 already, deeper decline could be expected, and the target would be at the lower line of the price channel on daily chart.
USD/JPY Forecast June 24, 2013, Technical Analysis
The USD/JPY pair had a positive showing on Friday, breaking above the 97.50 handle. However, we did not break the top of the shooting star from the Thursday session, so although it looks bullish at this point...
USD/CAD Forecast June 24, 2013, Technical Analysis
The USD/CAD pair rose again during the session on Friday, breaking through the 1.04 handle finally. This is been an area that has been very resistive to this market, and as a result we feel that breaking...
GBP/USD Forecast June 24, 2013, Technical Analysis
The GBP/USD pair fell during the session on Friday, breaking the bottom of the hammer from the Thursday session. Because of this, we think this shows significant weakness, and that the 1.55 level will more than likely...
EUR/USD Forecast June 24, 2013, Technical Analysis
The EUR/USD pair fell rather hard during the session on Friday, as the Euro continues to suffer at the hands of the Dollar. With the Federal Reserve looking like they are going to pull away from quantitative...
AUD/USD Forecast June 24, 2013, Technical Analysis
The AUD/USD pair had a slightly positive session on Friday, bouncing off of the 0.92 handle. This being the case, it does appear that we are trying to stabilize a little bit, but quite frankly we think...
USD/CAD Potential Breakout (June 21, 2013)
On its shorter-term time frame, USD/CAD has been consolidating, as though getting ready for a break in either direction. With today’s set of data from Canada, a strong breakout could be in the works.