Dollar Hits 5-Week High vs. Yen
The US dollar hit a five week high against the Japanese yen on Friday, amid an increase in optimism in the US economic recovery highlighted by a better than expected US consumer confidence figure.
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EUR/USD Forecast August 20, 2012, Technical Analysis
The EUR/USD pair fell during most of the session on Friday, but did manage to bounce in order to form a hammer. We are currently hugging the uptrend line of a rising wedge, and as such we...
USD/JPY Forecast August 20, 2012, Technical Analysis
The USD/JPY pair had another bullish session on Friday as the market plowed into the 79.50 level. We have recently broken out above consolidation and it appears that the market is dead set on running to the...
GBP/USD Forecast August 20, 2012, Technical Analysis
The GBP/USD pair fell during the Friday session as the 1.57-1.58 area continues to hold back the advances of the buyers. However, as you can see over time we have generally ground our way higher in this...
AUD/USD Forecast August 20, 2012, Technical Analysis
The AUD/USD pair had a very significant fall during the Friday session as the 1.05 level gave way. This was a strikingly strong move, but it should be mentioned that we are approaching the uptrend line of...
USD/CAD Forecast August 20, 2012, Technical Analysis
The USD/CAD pair rose during the Friday session as the 0.9850 level acted as support. The result of this was the printing of a hammer for the weekly candle, and it does look like we are going...
USDCAD Analysis – August 18, 2012
USDCAD stays below a downward trend line on daily chart, and remains in downtrend from 1.0445. As long as the trend line resistance holds, downtrend could be expected to continue, and further decline to 0.9800 area is...
USDCHF Analysis – August 18, 2012
USDCHF stays in a upward price channel on daily chart, and remains in uptrend from 0.8931, the fall from 0.9971 is treated as consolidation of the uptrend. Support is at the lower line of the channel, uptrend...
USDJPY Analysis – August 18, 2012
USDJPY breaks above the upper line of the price channel on daily chart, suggesting that a cycle bottom has been formed at 77.92, and the downtrend from 80.61 has completed. Further rise could be expected next week,...
AUDUSD Analysis – August 18, 2012
AUDUSD stays in a upward price channel on daily chart, and remains in uptrend from 0.9581, and the fall from 1.0612 is treated as consolidation of the uptrend. Support is now located at the lower border of...