Author: FX Tech Strategy

EURCHF – EURCHF 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 moves. This will...

USDJPY: The pair has halted its two-week declines and triggered a recovery, wiping out its previous week losses on Friday. This technical development now leaves USDJPY targeting additional strength towards the 78.18 level....

EURUSD: With a fourth week of declines pushing the further lower the past week, pressure is now building up on its key support located at the 1.3144 level, its Oct’2011 low. This is coming on the heels of a loss of its Oct...

US Dollar Index: With continued bull offensive remaining intact following its past week strong close, the Index is entering the new week aiming at further higher prices. This will open up upside risk towards its key resistance...

USDCHF: The pair closed higher for a fourth consecutive week, setting the stage for further strength as we enter a new week. Its continued upside offensive keeps the rally initiated from the 0.8568 level intact. With this...

EURGBP-A sharp sell off and reversal of its thursday gains has resumed the cross’s weakness started from the 0.8662 leve and set the stage for further weakness. This leaves the risk of further declines towards the 0.8517...

AUDUSD: With continued bearish momentum violating the 0.9752 level, the immediate risk remains towards the 0.9620 level, its Oct 06’2011 low. On continued weakness the 0.9524 level, its rising trendline will be targeted...

EURJPY-Our outlook on EURJPY remains to the downside with a further move lower towards the 102.72 level envisaged. This is coming on the back of its follow through lower during Thursday trading session. A decisive clearance of...

GBPJPY – With the 119.94 level, its Oct 18’2011 taken out following its early morning trading today, further declines is likely in the days ahead. A hold below the 119.94 level will set the stage for further weakness...

USDJPY: The pair is now displaying bottom forming signals as it is seen recovering higher. Except a follow-through higher occurs, we could see the pair returning below the 76.67 level, its Nov 18’2011 low. If this occurs,...