EURJPY- Having reversed its Tuesday gains on Wednesday to resume its long term downtrend, EURJPY now looks to weaken further towards its psycho level at 98.00. A cut through here will allow for further declines towards the 96.76...
Read MoreGOLD: While Gold’s nearer term bias remains to the upside as the commodity continues to strengthen, a convincing violation of the 1,641.25 level, its Dec 21’2011 high is required to pave the way for further upside...
Read MoreEURGBP- With EURGBP selling and breaking below its key support at the 0.8301 level, further bearish momentum is set to continue. With that said, we expect the cross to decline further towards its nearby support at the 0.8284...
Read MoreEURUSD: Corrective recovery is now in place but while that occurs below the 1.3197 level and the 1.3212 level, its Nov 25’2011 low, risk points lower in the medium term. This leaves the threat of a return to its Dec 2011...
Read MoreUSDJPY: Having continued to maintain its downside tone, USDJPY now looks to return to its Nov 18’2011 low at 76.57. On a clearance of that level, further bear pressure will build up towards the 74.00 level and then the...
Read MoreAUDUSD: Having continued to build on its recovery triggered from the 0.9861 level, risk of further strength is building up towards its Dec 08’2011 high at 1.0378. On a decisive break and hold above here, AUDUSD will...
Read MoreUSDCAD: With the pair seen taking back its past week gains in early trading today, the risk of a return to the 1.0051 level, its Dec 08’2011 low is now building up. This if seen will leave the pair targeting its Nov...
Read MoreEURJPY-Having violated its key supports at the 100.00/99.87 levels, its psycho level/July’2010 lows, EURJPY continues to face further downside momentum. In such a case, its psycho levels at the 99.00 level and the 98.00...
Read MoreEURGBP- Outlook for EURGBP remains lower following a reversal of most of its corrective recovery gains triggered from the 0.8301 level and a lower weekly close. With that said, we expect the cross to return to that level...
Read MoreGBPUSD: Having closed lower the past week, GBP remains vulnerable to the downside as we enter 2012 suggesting a follow through lower on the back its medium term weakness could play out. This is coming on the back of its Nov and...
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