USD/JPY Forecast August 6, 2013, Technical Analysis
The USD/JPY pair fell during the session on Monday, but remained above the 98 handle. We believe the 98 will be supportive, based upon the recent reactions that we have seen there over and over.
Month: August 2013
USD/CAD Forecast August 6, 2013, Technical Analysis
The USD/CAD pair try to break above the 1.04 handle during the session on Monday, but as you can see failed and fell from that point. This suggests that this market is going to return to the...
GBP/USD Forecast August 6, 2013, Technical Analysis
The GBP/USD pair bounced off of the 1.5250 level on Monday in order to prove that area as support. Because of this, we think that the next fight will be at the 1.54 handle, and then the...
EUR/USD Forecast August 6, 2013, Technical Analysis
The EUR/USD pair went back and forth during the session on Monday, losing slightly by the end of the day. The resulting candle looks pretty neutral, and as a result we think that this market continues to...
AUD/USD Forecast August 6, 2013, Technical Analysis
The AUD/USD pair fell initially during the session on Monday, but as you can see bounced enough to get back above the 0.89 handle, and form a hammer. Quite frankly, although this is a positive sign, we...
USDCAD Analysis – August 3, 2013
USDCAD failed to break below 1.0137 support, and rebounded from 1.0245, suggesting that the fall from 1.0608 had completed. Further rise would likely be seen over the next several weeks, and next target would be at 1.0550...
USDCHF Analysis – August 3, 2013
USDCHF is facing 0.9130 support, a breakdown below this level will indicate that the downtrend from 0.9838 has resumed, then next target would be at 0.8500 area.
USDJPY Analysis – August 3, 2013
USDJPY moves sideways in a range between 93.79 and 103.73. The price action in the range is likely consolidation of the uptrend from 75.57 (Oct 31, 2011 low), as long as 93.79 key support holds, the uptrend...
AUDUSD Analysis – August 3, 2013
AUDUSD continues its downward movement from 1.0582, and the fall extends to as low as 0.8871. Further decline is still possible, and next target would be at 0.8500 area.
GBPUSD Analysis – August 3, 2013
GBPUSD remains in uptrend from 1.4813, the fall from 1.5433 is likely consolidation of the uptrend. Another rise to test 1.5751 resistance is still possible after consolidation.