GBPUSD: The pair has rallied through its minor resistance at the 1.6039 level and its daily 200 ema at 1.5999, opening the door for further upside towards the 1.6204 level, its Sept 08’2011 high. It is now seen testing its...
Read MoreEURUSD: With the pair rallying strongly to resume its short term uptrend today, risk of further upside is likely towards the 1.4095 level, its Sept 08’2011 high. On a break of here, EUR will target the 1.4283 level, its...
Read MoreGOLD: With Gold resuming its corrective recovery and following through higher during Wednesday trading session, further strength is expected in the days ahead. This is coming on the back of a break above the 1,693.95 level, its...
Read MoreAUDUSD: The pair is now on a second day of weakness after failing and tumbling lower off the 1.0495 level on Tuesday. With AUDUSD now holding below its support zone at the 1.0371/99 levels, risk of further weakness could target...
Read MoreUSDJPY: With bears remaining firmly in charge, the 75.92 level is now under pressure as that level is now being tested. Note that the pair is still trapped within its established sideways range (77.85 and 75.92). USDJPY has to...
Read MoreGBPJPY – With GBPJPY climbing higher though slowly following a halt in its declines at 119.94 on Oct 18’2011, risk of a return to its Oct 17’2011 high is now building up. A firm break and hold above that level...
Read MoreEURGBP- Outlook for the cross has turned into a consolidation with downside bias following EURGBP’s price failure at 0.8794 level. There are two scenarios building up. One is a consolidation (now taking place) before a...
Read MoreUSDCAD: As continued downside pressure saw USDCAD weakening below 1.0042 level (its last week support) in early morning trading today, further downside pressure is likely towards the 0.9922 level, its daily 200 ema. The pair has...
Read MoreEURUSD: With EUR building on its Friday rally and testing the 1.3937 level, its Sept 15’2011 low, its short term trend resumption is now looming. However, it needs a convincing breach of the 1.3937 level to trigger that...
Read MoreGBPUSD: With the pair building up on further corrective gains the past week, further strength is expected in the new week. In such a case, further bull pressure is set to target its Sept 08’2011 high at 1.6079 level. A...
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