AUD/USD Forecast January 22, 2013, Technical Analysis
The AUD/USD pair had a slightly positive session on Monday as the 1.05 level continues to offer support. It is because of this that we are more than willing to go along at this point as we...
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Dollar Gains amid Signs of Slowdown in Global Economy
The safe-haven US dollar saw gains virtually all of its main currency rivals on Friday, as signs of a slowdown in economic growth in China, combined with disappointing British and American economic indicators encouraged risk aversion among...
AUD/JPY: Yen Maintains Dip as BOJ Easing Expectations High
Expectations that the Bank of Japan would commit to aggressive monetary policy at the end of its two-day meeting tomorrow are foreseen to continue weighing on the Yen today.
USDCAD Analysis – January 19, 2013
USDCAD remains in downtrend from 1.0055, the price action from 0.9824 is likely consolidation of the downtrend. Key resistance is at 0.9970, as long as this level holds, we’d expect downtrend to resume, and another fall towards...
USDCHF Analysis – January 19, 2013
USDCHF remains in downtrend from 0.9971, the rise from 0.9083 is likely consolidation of the downtrend. Key resistance is at 0.9511, as long as this level holds, we’d expect downtrend to resume, and another fall towards 0.8500...
USDJPY Analysis – January 19, 2013
USDJPY remains in uptrend from 77.14, and the rise extends to as high as 90.18. Further rise could be expected after a minor consolidation, and next target would be at 88.00.
AUDUSD Analysis – January 19, 2013
AUDUSD remains in uptrend from 1.0149. Another rise could be expected after consolidation, and next target would be at 1.0700 area. Support is located at the upward trend line on daily chart, only a clear break below...
GBPUSD Analysis – January 19, 2013
GBPUSD is facing 1.5827 support, a breakdown below this level will indicate that the uptrend from 1.5268 had completed at 1.6339 already, then the following downward movement could bring price to 1.5400 area.
EURUSD Analysis – January 19, 2013
EURUSD stays above a upward trend line on daily chart, and remains in uptrend from 1.2661. Further rise could be expected after a minor consolidation, and next target would be at 1.3500 area.
USD/JPY Forecast January 21, 2013, Technical Analysis
The USD/JPY pair managed to eke out a bit of gains during the Friday session as we closed above the 90 handle for the first time in ages. This pair looks extremely bullish, and we believe that...