Author: FX Tech Strategy

USDCHF: The pair continues to strengthen, maintaining a second day of upside gains and opening the door for a possible return to the 0.9316/26 levels. A clearance of here will set the stage for a run at the 0.9400 level, its...

GBPUSD: The pair closed marginally lower following its failure to follow through higher on its corrective strength on Thursday. However, GBP remains biased to the upside nearer term but will have to return above the 1.5779 level...

EURUSD: The pair remains biased to the upside in the near term on corrective recovery as it looks to extend that trend possibly towards its key resistance located at the 1.3611 level, its Nov 18’2011 high. This is coming...

USDJPY: While the pair may have halted its bull pressure and is now vulnerable to the downside, it will have to break and hold below the 76.57 level to convince the market it has ended its upside offensive. If this occurs, the...

AUDUSD: The pair rallied strongly higher during Wednesday trading session breaking above its Nov 25’2011 high at 1.0106 and its daily 200 ema at 1.0236 to test a high of 1.0330. This is coming on the back of its corrective...

EURCHF – EURCHF remains trapped and continues to look for a direction as it trades within its established trading range between the 1.2122 and 1.2475 levels. It requires a break either way to trigger meaningful directional...

EURJPY-As highlighted in our earlier analysis, although the cross has triggered a recovery, as long as that occurs below the 104.74 and the 106.36 levels, the risk is for a return to the downside. This will keep our focus on the...

EURGBP-With a follow through lower on its Monday weakness seen during Tuesday trading session, risk of further bearishness is building up towards the 0.8517 level, its Nov 18’2011 low. This view remains valid as long as...

EURUSD: While EUR may have halted its weakness and is attempting to recover high, it continues to maintain its broader downside bias. This suggests that there is risk of a return to the 1.3212 level, its Nov 25’2011 low. A...

GBPJPY – The cross has halted its weakness and triggered a recovery higher but continues to maintain its short term downtrend bias. This suggests that on ending its present correction, it will resume its weakness with the...