Author: FX Tech Strategy

Trading forex can be both interesting and rewarding if onhttp://www.blogger.com/img/blank.gife can spend the time learning how it really works. First you have to build a base or foundation. That includes developing a strategy...

AUDUSD: Sees More Bullish Momentum, Risk Points To The 1.0635 Level.AUDUSD: With continued upside offensive seeing AUDUSD taking out the 1.0556 level the past week, risk of further bull pressure is likely. In such a case, its...

USDCAD: With the pair selling off below the 1.0000 level, its Aug 02’2012 low/psycho levelat the time of this analysis following a strong payroll, further downside risk should build towards the 0.9922 level, its Jun...

USDJPY: As long as USDJPY continues to trade below the 78.66 level, the risk is for USDJPY to targets the 77.88 level, its Aug 01’2012 low. A breach of here will open the door for more weakness towards the 77.66 level...

GBPJPY – With further declines continuing to be seen, pressure is now building up towards the 120.81 level. Below here will open the door for a move lower towards the 120.00 level. On continued weakness, the cross will...

CRUDE OIL: With the commodity capping its corrective recovery at the 93.25 level and turning lower, Crude Oil remains vulnerable to the downside. This is consistent with its broader downside bias though it will have to take out...

EURJPY- While the 97.31 level, its recovery high remains as resistance, the risk is for the cross to face downside pressure with eyes on the 94.10 level. A violation of there will resume its broader weakness targeting the 93.00...

EURUSD: While EUR may be biased to the upside on corrective recovery, it will have to return above the 1.2387 to trigger that correction. If this occurs, further strength should build up towards the 1.2407 level which also...