USDJPY Weekly Analysis – December 8, 2013
USDJPY is facing 103.73 resistance, a break above this level will confirm that the uptrend from 75.57 (Oct 31, 2011 low) has resumed, then the following upward movement could bring price to 110.00 area.
Month: December 2013
AUDUSD Weekly Analysis – December 8, 2013
AUDUSD stays below a downward trend line on daily chart, and the fall extends to as low as 0.8990. Further decline to test 0.8847 support would likely be seen, a break down below this level will signal...
GBPUSD Weekly Analysis – December 8, 2013
GBPUSD remains in uptrend from 1.4813. Further rise could be expected over the next several weeks, and next target would be at 1.7000 area. Key support is at 1.5854, only break below this level will indicate that...
EURUSD Weekly Analysis – December 8, 2013
EURUSD’s bounce from 1.3296 extends to as high as 1.3706. Further rise to test 1.3832 resistance would likely be seen, a break above this level will signal resumption of the uptrend from 1.2756, then next target would...
USD/JPY Forecast December 9, 2013, Technical Analysis
The USD/JPY pair shot straight up during the session on Friday in response to the slightly better than anticipated jobs number out of the United States. This has the market looking for the Federal Reserve to taper...
USD/CAD Forecast December 9, 2013, Technical Analysis
The USD/CAD pair went back and forth during the session on Friday, in reaction to the nonfarm payroll numbers. This market looks like it’s essentially ready to go sideways for a little while longer, and the 1.06...
GBP/USD Forecast December 9, 2013, Technical Analysis
The GBP/USD pair went back and forth during the session on Friday, in reaction to the nonfarm payroll number, and as you can see we really haven’t done much ultimately. It looks as if this market is...
EUR/USD Forecast December 9, 2013, Technical Analysis
The EUR/USD pair initially fell during the session on Friday, but as you can see rocketed higher in order to go above the 1.37 level. The resulting candle is a hammer, and it suggests that the market...
AUD/USD Forecast December 9, 2013, Technical Analysis
The AUD/USD pair fell during the session on Friday, but as you can see the 0.90 level offered enough support to push the market much higher. Ultimately, we close that the 0.91 handle, and formed a hammer...
AUD/USD Retracement Scenario (December 6, 2013)
AUD/USD has broken down to new lows yet again, dipping below the .9050 minor psychological support thanks to stronger than expected U.S. GDP data. This was enough to revive taper expectations for the FOMC meeting in December,...