GBP/USD Analysis (October 02)
The Cable has been consolidating all week, pulling back towards the 1,57 level.
Month: October 2011
EUR/USD Analysis (October 02)
The Euro continues to be under intense pressure with a new downside move on friday after a few days of consolidation.
Monthly Trade, October 2011, USD/JPY
The USD/JPY might be designing a bottom at current levels. In addition, seasonal patterns could support the currency during this period of the year. A move above 78.30 could target 78.70/79.40. Written by www.ProfitsOn.com The data contained...
USD/CAD Technical Analysis October 3, 2011
The USD/CAD pair rose drastically on Friday as the oil markets sold off. The trend most certainly looks like it has changed in this pair, and with the Light Sweet Crude oil markets falling through the $80...
AUD/USD Technical Analysis October 3, 2011
AUD/USD continued its fall on Friday as traders are selling off anything risk related at this point. The Aussie is especially sensitive to the global economy, and as there are concerns about China slowing down
USD/CHF Technical Analysis October 3, 2011
USD/CHF rose on Friday as the “safe haven” trade came back into vogue. The Franc is no longer a safe haven currency since the Swiss National Bank is working against the value of it, and the USD...
GBP/USD Technical Analysis October 3, 2011
GBP/USD had a fairly neutral day on Friday as traders bought and sold the pound in various spurts during the day. The 1.55 area looks to be supportive, but the trend is down. We feel that eventually...
USD/JPY Technical Analysis October 3, 2011
USD/JPY rose on Friday as the markets around the world sold off. The USD/JPY is being lifted by the Bank of Japan, and as a result we haven’t been able to sell this pair for quite some...
EUR/USD Technical Analysis October 3, 2011
EUR/USD fell hard on Friday as the markets continue to punish the EU for not getting a solution to the debt crisis finalized quickly enough. The 1.3350 area below is the last stand for the EUR/USD uptrend,...
USDCAD Analysis – October 1, 2011
USDCAD continued its upward movement from 0.9406, and the rise extended to as high as 1.0502. Further rise is still possible next week, and next target would be at 1.0700 area. Support is now at 1.0300 followed...