AUD/USD Forecast July 9, 2012, Technical Analysis
AUD/USD fell for much of the Friday session as the US jobs number disappointed. The candle did find a bit of a bounce at 1.02, and as such it does look like there is some form of...
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USD/CAD Forecast July 9, 2012, Technical Analysis
The USD/CAD pair had a relatively strong day during the Friday session as the markets were rocked by another poor employment number out of the United States. The pair gave back some of its gains towards the...
Economic Numbers Continue Bearish – Where Do We Buy The Swiss Franc?
Continuing from last Thursday’s trend when the Europeans and the Chinese cut their bank rates, and the Brits commenced another £50B of quantitative easing, Friday’s numbers continued bearish. Most significant were the US employment numbers.
USDCAD Analysis – July 7, 2012
USDCAD remains in downtrend from 1.0445, the price action from 1.0159 is likely consolidation of the downtrend. Bounce to 1.0300 area to complete the consolidation would likely be seen next week. Key resistance is at 1.0445, only...
USDCHF Analysis – July 7, 2012
USDCHF breaks above 0.9769 previous high resistance, suggesting that the uptrend from 0.8931 has resumed. Further rise could be expected next week, and next target would be at 1.0000 area. Key support is now located at 0.9421,...
USDJPY Analysis – July 7, 2012
USDJPY remains in uptrend from 77.66, the fall from 80.61 is likely consolidation of the uptrend. Support is at the upward trend line on daily chart, as long as the trend line support holds, uptrend could be...
AUDUSD Analysis – July 7, 2012
AUDUSD remains in uptrend from 0.9581, the price action from 1.0223 is likely consolidation of the uptrend. Pullback to 1.0050 area to complete the consolidation would likely be seen next week. Key support is at 0.9968, as...
GBPUSD Analysis – July 7, 2012
GBPUSD had formed a cycle top at 1.5776 on daily chart. Further decline to test 1.5236 support would likely be seen, a breakdown below this level will signal resumption of the downtrend from 1.6301, then the next...
EURUSD Analysis – July 7, 2012
EURUSD breaks below 1.2288 previous low, suggesting that the downtrend from 1.3486 has resumed. Further decline could be expected next week, and next target would be at 1.2000. Resistance levels are at 1.2500 and 1.2747, only break...
Forex-Metal Daily Analysis -06/07/2012
The ECB reduced the interest rate of Euro zone to record low level of 0.75%