Author: FX Tech Strategy

USDCAD: The pair has reversed its two-day weakness and climbed above its minor support at 1.0227, suggesting further strength is building up. However, two things need to happen to give the market more confidence. One, the pair...

Newcomers to currency trading have flocked to this active medium in droves over the past decade, taking advantage of a highly flexible trading environment and sophisticated software trading platforms. Popularity, however, does...

USDCHF: With a reversal of its Tuesday gains seen during Thursday trading session, pressure is now building up on its key resistance at the 0.9081/0.9111 levels, its Oct 20/12’2011 highs. This is coming on the back of its...

EURUSD: The pair has capped its recovery attempt at the 1.3849 level and tumbled lower suggesting further weakness is building up. On continued weakness, EUR will aim at the 1.3604 level, its Nov 01’2011 low where a break...

EURGBP- As continued bear threats remains intact, we are looking for EURGBP to weaken further towards the 0.8528/30 levels, its Oct 03/Sept’2011 lows. Below here will resume its medium term weakness towards the 0.8460...

GBPUSD: Although it closed lower the past week, GBP looks to continue its upside offensive following a reversal of its earlier losses during Monday trading session. This development now leaves its key resistance standing at...

GBPUSD: Despite its lower close the past week, GBP looks to continue its upside offensive following a reversal of its earlier losses during Monday trading session. This development now leaves its key resistance standing at...

GOLD: With Gold maintaining its bullish offensive the past week, further upside gain is expected in the new week. This will see the commodity targeting its psycho level at 1,800.00 with a breach of here setting the stage for a...

USDCHF: The pair is going into the new week in a bullish mode following a reversal of previous week gains at the end of last week. In such a case, its key resistance at the 0.9081 level (Oct 20’2011 high) will come in as...

EURUSD: With a reversal of its previous week gains seen the past week, EUR is entering the new week vulnerable to the downside. On further declines, the pair will aim at the 1.3604 level, its Nov 01’2011 low. Other...