USDCAD Analysis – May 25, 2013
USDCAD breaks above 1.0341 resistance, suggesting that the uptrend from 0.9632 (Sep 14, 2012 low) has resumed. Further rise could be expected, and next target would be at 1.0500 area.
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USDCHF Analysis – May 25, 2013
USDCHF remains in uptrend from 0.9206, the fall from 0.9838 is treated as consolidation of the uptrend. Support is located at the lower line of the price channel on daily chart, as long as the channel support...
USDJPY Analysis – May 25, 2013
USDJPY remains in uptrend from 77.14 (Sep 13, 2012 low), the fall from 103.73 is treated as consolidation of the uptrend. Deeper decline could be expected, and the target would be at 98.00 – 99.00 area.
AUDUSD Analysis – May 25, 2013
AUDUSD continues its downward movement from 1.0582, and the fall extends to as low as 0.9594. Further decline is still possible next week, and next target would be at 0.9500 area.
GBPUSD Analysis – May 25, 2013
GBPUSD’s downward movement from 1.5605 extends to as low as 1.5014. Further decline is still possible next week, and next target would be at 1.4900 area. Resistance is at 1.5250, only break above this level could signal...
EURUSD Analysis – May 25, 2013
EURUSD is facing 1.2747 support, a breakdown below this level will indicate that the downtrend from 1.3711 has resumed, then deeper decline to 1.2250 area could be seen.
USD/JPY Forecast May 27, 2013, Technical Analysis
The USD/JPY pair fell during the session on Friday, retracing a lot of the gains that it had recovered the previous day. That being said, this market still has a massive support area underneath it at the...
USD/CAD Forecast May 27, 2013, Technical Analysis
The USD/CAD pair went back and forth on Friday, and formed a shooting star in the end. However, we are sitting just above the 1.03 support level, and as a result we may not get the bearish...
GBP/USD Forecast May 27, 2013, Technical Analysis
The GBP/USD pair rose during the session on Friday, but not enough to make a substantial move. We are essentially meandering around the middle of the range that the market is trading and currently, and as a...
EUR/USD Forecast May 27, 2013, Technical Analysis
The EUR/USD pair tried to rally during the session on Friday, as the 1.30 level was hit during the day. This level offered enough resistance in order to see the market fall back down and form a...