GBP/USD: Major Correction (July 9, 2013)
Thanks to the dovish BOE rate statement, GBP/USD suffered a sharp selloff last week. The pair plummeted more than 400 pips, as it fell from the 1.5300 handle to below 1.4900 towards the end of the week.
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USD/JPY Forecast July 9, 2013, Technical Analysis
The USD/JPY pair fell during the session on Monday, sitting right at the 101 handle towards the close in New York. That being said, we expect to see a little bit of a bounce here, perhaps even...
USD/CAD Forecast July 9, 2013, Technical Analysis
The USD/CAD pair fell during the session on Monday, but as you can see not very far. It appears that the market is trying to find support somewhere near the 1.0550 level, and because of that we...
GBP/USD Forecast July 9, 2013, Technical Analysis
The GBP/USD pair rose during the session on Monday, bouncing off of the 1.4850 handle. However, we think that the 1.50 level will offer far too much resistance, and therefore waiting to see this market approach that...
EUR/USD Forecast July 9, 2013, Technical Analysis
The EUR/USD pair bounced off of the 1.28 handle during the session on Monday, an area that we had previously mentioned as being rather supportive. It is because of this that we think that the market will...
AUD/USD Forecast July 9, 2013, Technical Analysis
The AUD/USD pair rose during the session on Monday, as the market seems to be trying to find the bottom just above the 0.90 handle. However, the Australian dollar is one of the weakest currencies out there...
USD/CAD Rising Channel Setup (July 8, 2013)
The Loonie has been edging lower against the U.S. dollar gradually, as the pair has formed a shallow rising channel on its 1-hour time frame. The pair is currently testing the top of the channel, with stochastic...
USDCAD Analysis – July 6, 2013
USDCAD continues its upward movement from 1.0137, and the rise extends to as high as 1.0608. Further rise could be expected after a minor consolidation, and next target would be at 1.0800 area. Support is at 1.0460,...
USDCHF Analysis – July 6, 2013
USDCHF’s rise from 0.9130 extends to as high as 0.9660. Further rise to test 0.9838 resistance could be expected next week, a break above this level will indicate that the uptrend from 0.9021 has resumed, then the...
USDJPY Analysis – July 6, 2013
USDJPY’s upward movement from 93.79 extends to as high as 101.22. Further rise to test 103.73 previous high resistance would likely be seen next week, a break above this level could signal resumption of the long term...