GBP/USD Technical Analysis September 20, 2011
The GBP/USD pair fell hard at the open on Monday, but managed a significant bounce back in the US session. This shows that there is continued support for the Pound, even as it keeps making new lows.
Author: FX Empire
USD/JPY Technical Analysis September 20, 2011
USD/JPY fell on Monday as traders continue to look for safe havens. However, the Bank of Japan has been very supportive of this pair lately, and one has to think that it is only a matter of...
EUR/USD Technical Analysis September 20, 2011
EUR/USD fell hard on an opening gap on Monday, but bounced hard as rumors of the Greeks and the “Troika” are close to an agreement for the second tranche of the bailout money that the Greeks need.
USD/CAD Technical Analysis September 19, 2011
USD/CAD fell hard on Friday, and even closed at the bottom of the range. The pair is testing the 0.98 level, and we see the next 100 pips down to the 0.97 level as massive support.
AUD/USD Technical Analysis September 19, 2011
The AUD/USD pair managed a bounce from the two previous hammers that it printed this week. The Friday action was positive, but not overly so. The pair looks like it is going to grind higher, so a...
USD/CHF Technical Analysis September 19, 2011
USD/CHF rose on Friday, and the pair seems to be lifting slowly. The Swiss National Bank is selling the Franc anytime it rises, so buying this pair is the only way to go in this pair. The...
GBP/USD Technical Analysis September 19, 2011
The GBP/USD market continues to meander around the 1.57 – 1.58 area. The pair recently broke through the massive support area in the form of the 1.5850 area, and looks to be weak in the face of...
USD/JPY Technical Analysis September 19, 2011
USD/JPY managed a slightly positive day on Friday as traders continue to respect the 76 handle as support in this pair. There are even rumors of the Bank of Japan intervening in the markets clandestinely at this...
EUR/USD Technical Analysis September 19, 2011
The EUR/USD fell on Friday, and more importantly failed to close above the previous support area that kept this pair afloat. Now it seems that “what was once support is now resistance” and as a classic technical...
EUR/USD Technical Analysis September 16, 2011
The EUR/USD pair spiked on the session during Thursday as the announcement of USD liquidity measures out of no less than 5 central banks will help the EU banks borrow in USD.