EUR/USD Forecast February 13, 2012, Technical Analysis
The EUR/USD pair fell on Friday as the market continues to be driven by headlines out of Athens. The lack of any deal continues to weigh on the Euro, and the fact that the pair has been...
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USDCAD Analysis – February 11, 2012
USDCAD may be forming a cycle bottom at 0.9925 on daily chart. Further rally would likely be seen next week, and next target would be at 1.0150 area. Support is at 0.9925, only break below this level...
USDCHF Analysis – February 11, 2012
USDCHF’s downward movement extended to as low as 0.9088. Further decline is still possible next week, and the target would be at the lower line of the price channel on 4-hour chart. Resistance is at 0.9265, only...
USDJPY Analysis – February 11, 2012
Being supported by 75.57 previous low, USDJPY rebounded strongly from 76.02. Further rise to test 79.52 resistance is still possible after consolidation, as long as this level holds, lengthier sideways movement between 75.57 and 79.52 could be...
AUDUSD Analysis – February 11, 2012
AUDUSD’s uptrend from 0.9861 extended to as high as 1.0844, the subsequent pullback is treated as consolidation of the uptrend. Key support is at 1.0525, as long as this level holds, one more rise to 1.0900-1.1000 area...
GBPUSD Analysis – February 11, 2012
GBPUSD may be forming a cycle top at 1.5928 on daily chart. Key support is at 1.5640, a breakdown below this level will confirm the cycle top. However, as long as 1.5640 level holds, the fall from...
EURUSD Analysis – February 11, 2012
EURUSD’s bounce from 1.2624 extended to as high as 1.3320. Further rise is still possible next week, and next target would be at 1.3500-1.3600 area. Key support is at 1.3026, only break below this level could indicate...
Forex-Metal Daily Analysis -10/02/2012
The Bank of England decided to keep the interest rate of 0.50% unchanged and
Positive Greek News Leads to Boost in Risk Taking
The euro had a bullish day yesterday, after news was released that Greece had reached an austerity deal led to a spike in risk taking. The EUR/USD spent much of the day at or above the 1.3300...
AUD/USD Forecast February 10, 2012, Technical Analysis
The AUD/USD pair had a fairly quiet session on Thursday, but is struggling at the 1.08 resistance area. The Aussie has enjoyed a massive rally lately, and the pair simply needs to rest as the bullishness will...