GBPUSD: Having violated the 1.5497/1.5521 levels and reversed its previous week losses to close the week higher, GBP is set to strengthen further in the coming week. This is coming on the back of a corrective recovery triggered...
Read MoreAUDUSD: The pair continues to maintain its upside tone as it looks to convincingly break and hold above its key resistance at the 1.0444 level, its Nov 03’2011 high. AUDUSD has been strengthening since triggering a rally...
Read MoreGBPUSD: The pair extended its corrective recovery offensive today, rallying strongly on the back of its Wednesday strength and opening the door for further upside. This development now leaves GBP targeting its .382 Fib Ret...
Read MoreEURUSD: The pair has turned above the 1.2875 level, its Jan 13’2011 high suggesting further correction could extend. In such a case, the 1.2941 level, its Jan 05’2012 high will be targeted where we may see a price...
Read MoreGOLD: With Gold breaking and holding above its key resistance at the 1,641.25 level, its Dec 21’2011 high, further upside risk is now building up. This will push the commodity further higher towards the 1,677.35 level, its...
Read MoreUSDCHF: The pair is now on a second day of downside weakness after it backed off higher prices on Tuesday. Despite this, USDCHF remains biased to the upside in the medium term. While the pair holds above its key support at the...
Read MoreGBPUSD: The pair’s recovery is now fading suggesting it could return to the 1.5270 level, its Oct 2011 low. A break of there will aim at the 1.5235 level with a cut through that level extending further declines towards its...
Read MoreUS Dollar Index: Although price hesitation has set in turning US Index lower off the 81.78 level, it continues to hold on to its medium term uptrend triggered from the 72.69 level. This development leaves the possibility of a...
Read MoreUSDCAD: The pair is weakening for a second day in a row following a reversal of its Friday gains on Monday. This development now leaves the risk of a return to the 1.0074 level, its Jan 03’2012 low. A violation of here...
Read MoreAUDUSD: With AUDUSD rallying through its key resistance at 1.0378/84 zone in early trading today, further strength is expected towards the 1.0444 level, its Nov 03’2011 high. The pair has been strengthening since turning...
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