AUD/USD Forecast January 23, 2012, Technical Analysis
The AUD/USD pair rose on Friday and even broke above the 1.04 level that we have been watching for a couple of weeks. The reason this area is so interesting is that the level is the top...
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USD/CHF Forecast January 23, 2012, Technical Analysis
The USD/CHF pair rose on Friday as the week had seen so many losses in this pair. Although the bounce came it was very weak, and even looks a bit like a shooting star at the bottom...
GBP/USD Forecast January 23, 2012, Technical Analysis
The GBP/USD pair rose on Friday and continued the massively bullish move we had seen over the last several days as the 1.55 level gave way as resistance. The move was relentless, and it appears that some...
USD/JPY Forecast January 23, 2012, Technical Analysis
The USD/JPY pair fell on Friday to remain in the tight range it has been sitting in for two weeks. The pair is simply “stuck”, but this only confirms the “boundaries” of which the short-term trader can...
EUR/USD Forecast January 23, 2012, Technical Analysis
The EUR/USD pair fell on Friday as traders sold the Euro on concerns of the Greek debts talks stalling. However, the pair was bought back up during the US session, and has formed a hammer on the...
USDCAD Analysis – January 21, 2012
USDCAD broke below the triangle pattern on daily chart. Further decline could be seen over the next several weeks, and target would be at 0.9600-0.9700 area. Resistance is at 1.0230, as long as this level holds, downtrend...
USDCHF Analysis – January 21, 2012
USDCHF is forming a cycle top at 0.9594 on daily chart. Deeper decline to test 0.9244 key support could be seen next week, a breakdown below this level will indicate that the uptrend from 0.8569 has completed...
USDJPY Analysis – January 21, 2012
USDJPY stays in a trading range between 75.57 and 79.52. Lengthier consolidation in the range is still possible over the next several weeks. Now the pair may be forming a cycle bottom at 76.55 on daily chart,...
AUDUSD Analysis – January 21, 2012
AUDUSD continued its upward movement from 0.9861, and the rise extended to as high as 1.0487. Further rise could be seen next week, and next target would be at 1.0700 area. Support is at 1.0350, only break...
GBPUSD Analysis – January 21, 2012
After breaking below 1.5272 previous low, GBPUSD rebounded strongly from 1.5236, suggesting that a cycle bottom has been formed on daily chart. Further rise could be seen over the next several weeks, and the target would be...