EURUSD: Though seen hesitating following its weakness off the 1.3197 level, its Dec 21’2011 low, its broader bias continues to point lower in the medium term. This suggeststhat an eventual return to the 1.2945 level, its...
Read MoreUSDJPY: While USDJPY continues to attempt a recovery higher, as long as it holds below the 78.18/27 levels, we see risk to the downside. This leaves risk of a return to the 76.57 level. If this occurs, the 75.57 level, its...
Read MoreEURGBP- The cross followed through lower the past week, solidifying its bearishness and setting the stage for further declines. This will leave the cross targeting the 0.8355 level, its Feb’2011 low, a level it tested and...
Read MoreUSDCAD: With the pair reversing its previous week gains to close lower at the end of week, USDCAD now looks to weaken further in the new week. This will leave the pair targeting the 1.0051 level, its Dec 08’2011 low where...
Read MoreEURUSD: With a corrective recovery attempt failing and turning the pair down to close marginally higher at the end of the week, risk of a return to the 1.2945 level, its Dec 14’2011 low is likely in the new week. On a cut...
Read MoreEURUSD: With a corrective recovery attempt failing and turning the pair down to close marginally higher at the end of the week, risk of a return to the 1.2945 level, its Dec 14’2011 low is likely in the new week. On a cut...
Read MoreUSDCAD: The pair failed to trigger a correction on Thursday and now faces the risk of further downside weakness. Further weakness could be seen towards the 1.0183 level, its Dec 12’2011 low with loss of there extending...
Read MoreGOLD: With Gold capping its corrective recovery at the 1,641.25 level, its Dec 21’2011 high and holding below its daily 200 ema, there is a likely of the commodity returning to the 1,560.45 level, its Dec 15’2011...
Read MoreEURJPY- With EURJPY finding it tough to stage a full blown corrective recovery, we are likely to see a return to the 101.02 level. However, if this fails, a recapture of the 100.75 level, its Oct’2011 low could follow with...
Read MoreGBPUSD: Having failed to sustain its intra day rally on Wednesday, GBP gave back almost all of that gain to close marginally higher and print a shooting start candle pattern. This development leaves the risk of a reversal lower...
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