USDCHF Analysis – April 1, 2012
USDCHF is facing the support of the lower border of the price channel on daily chart. A clear break below the channel could trigger another fall towards 0.8569. On the other side, as long as 0.8931 key...
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USDJPY Analysis – April 1, 2012
USDJPY formed a cycle top at 84.17 on daily chart, and is now in correction of the uptrend from 76.02. Pullback to 80.00-81.00 area to complete the correction would likely be seen in a couple of weeks....
AUDUSD Analysis – April 1, 2012
AUDUSD stays below a downward trend line on daily chart, and remains in downtrend from 1.0855, and the fall has extended to as low as 1.0304. As long as the trend line resistance holds, downtrend could be...
GBPUSD Analysis – April 1, 2012
GBPUSD broke above 1.5991 resistance, and reached as high as 1.6038, suggesting that the uptrend from 1.5236 has resumed. Further rise could be expected next week, and next target would be at 1.6200-1.6300 area. Support is at...
EURUSD Analysis – April 1, 2012
EURUSD’s rise from 1.3003 extended to as high as 1.3385. Further rise to test 1.3486 resistance would likely be seen next week, as long as this level holds, the rise could be treated as correction of the...
Forex-Metal Daily Analysis -30/03/2012
The growth yield of Italian and Spanish government bonds might be a reason for a new round of debt crisis in the Euro region.
AUD/USD Forecast March 30, 2012, Technical Analysis
The AUD/USD pair fell for most of the session on Thursday, but bounced late in the day to form a nice looking hammer at the 1.04 area. This area was the site of a significant breakout a...
EUR/USD Forecast March 30, 2012, Technical Analysis
The EUR/USD pair fell during the session on Thursday as the fears of a Spanish meltdown are starting to pick back up. The spread between Spanish and German bonds is at just under 19% on average now,...
GBP/USD Forecast March 30, 2012, Technical Analysis
The GBP/USD pair rose during the session on Thursday as the pair gained traction from the 1.59 handle. The pair looks very healthy, but the 1.60 level is looming just above. This area is a massive resistance...
USD/CAD Forecast March 30, 2012, Technical Analysis
The USD/CAD pair initially rose during the session on Thursday but pulled back as the resistance level held true yet again. The 200 day EMA was tested at the very highs, and although the oil markets fell...