USD/JPY: technical analysis – July 23, 2012
The USD/JPY pair has broken out of the channel it has been trading inside and sold-off down to the monthly pivot at 78.05. It has broken just below the pivot and it may continue even lower. The...
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EUR/USD: technical analysis – July 23, 2012
The eurodollar pair has gapped down today and fallen to support at the current 1.2095 level where the monthly and weekly pivots are both situated together. The gap was probably of the break-away variety and it is...
USDCHF: Fed’s Commitment to Recovery Hoist Greenback’s Valuation
The American currency climbed by 97 pips against the Swiss franc as the US economy is pictured to grow even at a slow pace. Though the policy fog, the problems in Europe, the global slowdown are making...
China’s Economic Slowdown
The slowdown of the Chinese economy was confirmed by the release of the GDP figures earlier this month, showing a growth rate of only 7.6 percent in the second quarter of this year, the slowest pace in...
Spain Worries Send EUR to Fresh Lows
Renewed concerns regarding the debt situation in Spain sent the euro plunging to fresh lows against several of its main currency rivals, including the US and Australian dollars and the Japanese yen on Friday.
USDCAD Analysis – July 22, 2012
After consolidation, USDCAD continues its downward movement from 1.0445, and the fall extends to as low as 1.0065. Further decline would likely be seen over the next several days, and next target would be at 1.0000 area....
USDCHF Analysis – July 22, 2012
USDCHF’s uptrend from 0.9421 extends to as high as 0.9886. Further rise could be expected over the next several days, and next target would be at 1.0000. Key support is at 0.9740, only break below this level...
USDJPY Analysis – July 22, 2012
USDJPY’s downward movement from 80.61 extends to as low as 78.43. Further decline would likely be seen over the next several days, and next target would be at 76.00 area. Resistance is now at 79.50, only break...
AUDUSD Analysis – July 22, 2012
After consolidation, AUDUSD continues its upwards movement from 0.9581, and the rise extends to as high as 1.0443. Further rise is still possible over the next several days, and next target would be at 1.0600 area. Key...
GBPUSD Analysis – July 22, 2012
GBPUSD moves sideways in a range between 1.5268 and 1.5776. As long as 1.5776 resistance holds, the price action in the range is treated as consolidation of the downtrend from 1.6301, and another fall towards 1.5000 is...