Author: FX Tech Strategy

USDCHF: The pair has reversed its Friday losses during Monday trading session today and increased the risk of a price extension to the 0.9146 level, its Nov 10’2011 high. With USDCHF’s short term uptrend remaining...

USDCHF: The pair has reversed its Friday losses during Monday trading session today and increased the risk of a price extension to the 0.9146 level, its Nov 10’2011 high. With USDCHF’s short term uptrend remaining...

USDJPY: The pair is now seen following through lower on its past week declines suggesting further weakness could target its minor support at 76.45 level, its Oct 2011’2011 low. USDJPY has been under pressure since tumbling...

AUDUSD: A second week of weakness puts the possibility of further declines on the table in the new week. Further price extension if seen will call for a move further lower towards its Nov 10’2011 low at 1.0052 with a cut...

EURUSD: The pair may have printed a hammer candle the past week halting its weakness at 1.3482 to close marginally lower but continues to remain vulnerable. This leaves downside risk towards the 1.3604 level and its past week...

GBPCHF: With GBPCHF following through higher on the back of its previous week gains to reverse its three-day weakness and close above the 1.4447 level, its Oct 07’2011 high the past week, further strength is expected in...

USDJPY: Corrective weakness continues to be seen but we still expect the 77.48/45 levels to provide support and turn the pair back up. It is currently being tested and while USDJPY continues to hold above there, risk of a return...

EURJPY- Outlook for EURJPY remains lower as we look for it to head back towards our minimum downside target at the 104.74 level, its Oct 26’2011 low. This level was tested and held on Thursday but a decisive break is...