USDCAD Analysis – December 8, 2012
USDCAD broke below the upward trend line on daily chart, suggesting that the uptrend from 0.9632 has completed at 1.0055 already. Further decline could be expected, and next target would be at 0.9800 area.
Category:
USDCHF Analysis – December 8, 2012
USDCHF failed to break below 0.9214 previous low support, and rebounded from 0.9241, suggesting that a cycle bottom had been formed on daily chart, and lengthier consolidation of the downtrend from 0.9971 is underway.
USDJPY Analysis – December 8, 2012
USDJPY remains in uptrend from 77.14, the fall from 82.83 is treated as consolidation of the uptrend. Another rise towards 86.00 could be expected after consolidation, and a break above 82.83 will signal resumption of the uptrend....
AUDUSD Analysis – December 8, 2012
AUDUSD’s upward movement from 1.0149 extends to as high as 1.0515. Further rise is still possible next week, and next target would be at 1.0550 area. Key support remains at the lower line of the price channel...
GBPUSD Analysis – December 8, 2012
GBPUSD had formed a cycle top at 1.6130 on daily chart. Further decline would likely be seen next week, and next target would be at 1.5900 area. Resistance is now at 1.6130, only break above this level...
EURUSD Analysis – December 8, 2012
EURUSD failed to break above 1.3171 previous high resistance and pulled back from 1.3125, suggesting that a cycle top had been formed on daily chart, and lengthier consolidation of the uptrend from 1.2042 is underway.
USD/JPY Forecast December 7, 2012, Technical Analysis
The USD/JPY pair did very little during the session on Thursday, as the markets were fairly quiet overall. We are at the top of a recent consolidation area, and as such it looks like we are trying...
USD/CAD Forecast December 7, 2012, Technical Analysis
The USD/CAD pair fell during the session on Thursday and even managed to break down below the 0.99 handle. However, we got a nice bounce from that area and it does look like the market is closing...
GBP/USD Forecast December 7, 2012, Technical Analysis
The GBP/USD pair initially rose during the session on Thursday, but found the 1.61 level far too resistive to overcome, and as a result we formed a fairly negative looking shooting star shaped candle. However, we had...
EUR/USD Forecast December 7, 2012, Technical Analysis
The EUR/USD pair fell rather precipitously during the Thursday session as ECB Chairman Mario Draghi suggested that there was more demand out of the ECB members for a rate cut, and that growth will be smaller than...