USDCHF: Though seen backing off higher prices, it continues to face the risk of a return to the 0.9548 level, its Dec 15’2011 high. An eventual clearance of there will resume its medium term uptrend and call for a run at...
Read MoreEURJPY- With EURJPY extending its downside weakness the past week, further decline is envisaged in the new week. This will open the door for a decline towards its psycho level at 97.00 level with a breach of here sending the...
Read MoreGOLD: Having reversed its past week losses to close higher the past week, the risk is for further correction to occur in the new week/. This will leave Gold targeting the 1,641.25 level, its Dec 21’2011 high with a...
Read MoreUSDCAD: Having rejected lower level prices and triggered a recovery to close higher the past week, USDCAD now looks to strengthen further. This has set the stage for a further upside towards the 1.0305 level, its Dec...
Read MoreEURUSD: EUR continues to weaken breaking below the 1.2874/56 levels to close the week lower. This now leaves the risk of further weakness towards its Sept 2010 low at 1.2703 where a breach will pave the way for further declines...
Read MoreUSDCHF: With the pair breaking above its key resistance at the 0.9548 level (Dec 15’2011 high) and resuming its medium term uptrend started from the 0.7068 level, the immediate risk for USDCHF is to strengthen further in...
Read MoreEURJPY- Having maintained a firm hold on to its long term downtrend, further declines are envisaged towards the 98.00 level, its psycho level. A cut through here will allow for further declines towards the 96.76 level, its Dec...
Read MoreGBPUSD: The pair sold off strongly on Thursday suggesting further downside weakness is likely. This is coming on the back of a failure ahead of the 1.5770/79 levels. The focus has now shifted to the 1.5359 level, its Dec 2011...
Read MoreEURUSD: With continued sell off breaking the 1.2874/56 levels during Thursday trading session, further bearish momentum is expected in the days ahead. This will leave the risk of further weakness towards its Sept 2010 low at...
Read MoreUSDCHF: With the pair strengthening for second day and now testing its minor resistance at the 0.9468 level, further upside risk is expected. This will expose its key resistance at the 0.9548 level where a breach will target the...
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