AUD/USD Forecast July 16, 2013, Technical Analysis
The AUD/USD pair fell initially during the session on Monday, but as you can see the 0.90 handle has offered enough support to keep the market somewhat buoyant.
Month: July 2013
USDCAD Analysis – July 13, 2013
USDCAD broke below 1.0460 support, suggesting that the uptrend from 1.0013 had completed at 1.0608 already. Further decline could be expected and the target would be at 1.0150 area. Resistance is now at 1.0608, only break above...
USDCHF Analysis – July 13, 2013
USDCHF failed to break above 0.9838 resistance and pulled back from 0.9751. Further decline to test 0.9130 support would likely be seen, a breakdown below this level will indicate that the long term downtrend from 0.9971 (Jul...
USDJPY Analysis – July 13, 2013
USDJPY’s upward movement from 93.79 reached 101.53 only. The subsequent fall suggests that a sideways movement in a range between 93.79 and 103.73 is underway.
AUDUSD Analysis – July 13, 2013
AUDUSD continues its downward movement from 1.0582, and the fall extends to as low as 0.8998. Resistance is at the downward trend line on daily chart, as long as the trend line resistance holds, further decline is...
GBPUSD Analysis – July 13, 2013
GBPUSD broke below 1.4831 support, suggesting that the long term downtrend from 1.6339 (Jan 2 high) has resumed. Further decline would likely be seen after consolidation, and next target would be at 1.4500 area.
EURUSD Analysis – July 13, 2013
EURUSD failed to break below 1.2747 support, and rebounded strongly from 1.2756, suggesting that the downward movement from 1.3415 had completed.
USD/JPY Forecast July 15, 2013, Technical Analysis
The USD/JPY pair had a slightly positive session on Friday, but as you can see we couldn’t get to the 100 handle. Because of this, we think that this market is going to simply grind sideways for...
USD/CAD Forecast July 15, 2013, Technical Analysis
The USD/CAD pair had a slightly positive session on Friday, but remains below the 1.04 handle. We had initially been very bullish of this pair, but have to admit that the reason falling of the pair has...
GBP/USD Forecast July 15, 2013, Technical Analysis
The GBP/USD pair fell during the session on Friday, pulling back some of the bullishness that we had seen over the last two sessions. However, the 1.51 handle isn’t significant enough to have us looking to buy...