GBPUSD Analysis – June 9, 2013
GBPUSD breaks above 1.5605 resistance, suggesting that the uptrend from 1.4831 has resumed. Further rise could be expected in a couple weeks, and next target would be at 1.5900 area.
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EURUSD Analysis – June 9, 2013
EURUSD breaks above 1.3242 resistance, suggesting that the downtrend from 1.3711 had completed at 1.2747 already. Further rise could be expected, and next target would be at 1.3500 area.
USD/JPY Forecast June 10, 2013, Technical Analysis
The USD/JPY pair fell rather drastically during the session on Friday, but as you can see the 95 handle held firm, and as a result we bounced high enough to form a massive hammer. This hammer is...
USD/CAD Forecast June 10, 2013, Technical Analysis
The USD/CAD pair fell rather hard during the Friday session, but managed to close right at the 1.02 level. This is the area that we have been watching and concluded that “bottom” of support. If we continue...
GBP/USD Forecast June 10, 2013, Technical Analysis
The GBP/USD pair fell during the session on Friday, but as you can see found enough support at the 1.55 level in order to form a hammer. This hammer suggests that we are going higher, and as...
EUR/USD Forecast June 10, 2013, Technical Analysis
The EUR/USD pair went back and forth during the Friday session, but as you can see formed a shooting star that sits just above the 1.32 handle.
AUD/USD Forecast June 10, 2013, Technical Analysis
The AUD/USD pair fell during the session on Friday, but as you can see formed a double bottom down near the 0.9420 level. The shape of the candle for the Friday session is a hammer, in this...
USD/JPY Forecast June 7, 2013, Technical Analysis
The USD/JPY pair fell off of the cliff on Thursday as the US dollar got beat up. Ironically, we did see a little bit of a bounce towards the end of the day and with the fact...
USD/CAD Forecast June 7, 2013, Technical Analysis
The USD/CAD pair plunged during the session on Thursday as the bottom of the shooting star from Wednesday was cracked. We smash through the 1.03 handle like it wasn’t even there, and then gone as low as...
GBP/USD Forecast June 7, 2013, Technical Analysis
The GBP/USD pair shot straight up during the session on Thursday as the Dollar lost ground against most currencies. This was predicated upon a selloff against the Yen, and then cascaded throughout the marketplace.