USD/JPY Forecast January 29, 2013, Technical Analysis
The USD/JPY pair fell during the Friday session as the profit taking continued. However, we have a lot of support at the 90 level, so the pullback will more than likely be short-lived at best.
Month: January 2013
USD/CAD Forecast January 29, 2013, Technical Analysis
The USD/CAD pair originally rose during the session on Monday, but found the 1.01 level to be far too resistant yet again. This market had previously seen quite a bit of resistance at the 1.0050 level, and...
GBP/USD Forecast January 29, 2013, Technical Analysis
The GBP/USD pair fell heavily again on Monday, as incoming Bank of England chairman Mark Carney suggested that further easing couldn’t be ruled out in the case of the United Kingdom.
EUR/USD Forecast January 29, 2013, Technical Analysis
The EUR/USD pair fell most of the session on Monday, but did bounce towards the end of the day also the 1.34 level in order to form a bit of a hammer. This hammer is just below...
AUD/USD Forecast January 29, 2012, Technical Analysis
The AUD/USD pair fell during most of the Monday session, but found enough support at the 1.04 region that we bounced hard enough to form a hammer. This hammer suggests that we are bound to take another...
Euro Bullish Ahead of Busy Trading Week
The euro saw substantial bullish movement on Friday, amid signs that the euro-zone economic recovery is gaining momentum. Meanwhile, speculations that the Bank of Japan will take additional monetary easing steps in the near future caused the...
AUD/JPY: Yen Remains Under Pressure as Japanese Leaders Reiterate Commitment
The Japanese yen is deemed to maintain its weakness opposite the Australian dollar today after Bank of Japan governor Masaaki Shirakawa reaffirmed plans for aggressive monetary easing as data showed the nation remained stuck in deflation in...
USDCAD Analysis – January 26, 2013
USDCAD breaks above 1.0055 resistance and reaches as high as 1.0100, suggesting that the uptrend from 0.9632 has resumed. Further rise is still possible next week, and the target would be at the upper line of the...
USDCHF Analysis – January 26, 2013
Being contained by the resistance of the upper line of the price channel on daily chart, USDCHF pulls back from 0.9388, suggesting that that a cycle top is being formed.
USDJPY Analysis – January 26, 2013
USDJPY continues its upward movement from 77.14, and the rise extends to as high as 91.19. As long as the trend line support holds, the uptrend could be expected to continue and next target would be at...