Author: FX Tech Strategy

EURUSD: With EUR weakening in Nov and Dec’2011, it enters the New Year (2012) bearish and pointing lower suggesting we could see further declines in the new week. In such a case, its major support located at the 1.2874...

USDCHF – Although USDCHF continues to hold on to its medium term uptrend, price hesitation remains a concern. The pair will have to convincingly break and hold above the 0.9548 level to reverse its present price hesitation...

USDJPY: With USDJPY’s inability to return above the 78.18/27 levels seeing it turning lower on Thursday and during Friday trading session, further bearish momentum looks to continue in the new week. This if triggered will...

EURJPY-With the cross taking its support at its Dec 15’2011 low at 101.02 and another key support located at the 100.75 level, representing its Oct’2011 low, risk of continued bearishness is likely. In such a case,...

EURUSD: With EUR selling off and breaking below its key support at the 1.2945 level, its Dec 14’2011 low on Wednesday, further bearish momentum is expected to target the 1.2874 level, its Jan 2011 low. We may see a...

GBPUSD: With a sharp sell-off seeing the pair breaking and holding below the 1.5496 level, the risk is for further bear pressure to build up towards the 1.5410 level. On a clearance of this there, GBP will weaken further towards...

EURJPY-Continued bearishness remains intact following the cross’s failure at the 102.52 level, its Dec 21’2011 low. This leaves the risk of an eventual return to its Dec 15’2011 low at 101.02 on the cards where...

GBPUSD: The pair may be recovering higher but still remains vulnerable except it decisively break and hold above the 1.5773/79 levels, its Nov 30’2011/Dec 21’2011 highs. If this is seen, further bull pressure should...

USDCHF- With corrective recovery strength fading and consolidation setting in, the possibility of a return to its Dec 21’2011 low at 0.9240 is likely. This if seen will resume its declines towards the 0.9175 level, its Dec...