AUDUSD Analysis – July 6, 2013
AUDUSD remains in downtrend from 1.0582, and the fall extends to as low as 0.9037. Resistance is located at the downwards trend line on daily chart, as long as the trend line resistance holds, the downtrend could...
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GBPUSD Analysis – July 6, 2013
GBPUSD breaks below 1.5008 support, suggest that the downtrend from 1.6339 has resumed. Further decline could be expected over the next several weeks, and the target would be at 1.4000 area.
EURUSD Analysis – July 6, 2013
EURUSD is facing 1.2796 support, a breakdown below this level will confirm that the downtrend from 1.3711 has resumed, then the following downward movement could bring price to 1.2000 area.
USD/JPY Forecast July 8, 2013, Technical Analysis
The USD/JPY pair initially fell during the session on Friday, but you can see that the 100 level offered enough support in order to push the market higher. We eventually closed above the 101 handle, based mainly...
USD/CAD Forecast July 8, 2013, Technical Analysis
The USD/CAD pair rallied during the session on Friday, as the nonfarm payroll numbers in the United States came out much stronger than anticipated.
GBP/USD Forecast July 8, 2013, Technical Analysis
The GBP/USD pair fell hard during the session on Friday, collapsing as the nonfarm payroll numbers came out much stronger than anticipated.
EUR/USD Forecast July 8, 2013, Technical Analysis
The EUR/USD pair fell during the session on Friday, as one would expect since the nonfarm payroll number was much better than anticipated. The Americans added 195,000 jobs in the month of June, and as a result...
AUD/USD Forecast July 8, 2013, Technical Analysis
The AUD/USD pair fell during the session on Friday, as the Australian dollar continues to get pummeled. This would have been exacerbated by the fact that the nonfarm payroll number came out much stronger than anticipated, causing...
Revisiting the NZD/USD Range (July 5, 2013)
The NZD/USD range on its 1-hour time frame is still intact, as the pair just made a test of resistance this time around.
USD/JPY Forecast July 5, 2013, Technical Analysis
The USD/JPY pair fell during the session on Thursday, but bounced enough to form a hammer at the 100 level. This market continues to be one of our favorite, as there is so much action involving the...