Author: FX Tech Strategy

GBPJPY – With GBPJPY following through higher and triggering a corrective recovery the past week, scope for further strength is now seen towards its nearby resistance at the 123.27 level, its Aug 10′ 2011 low. This...

AUDUSD: The pair followed through strongly higher on its bullish corrective recovery the past week breaking above the 0.9983 and the 1.0313 levels to open the door for further upside gains. This technical development now leaves...

AUDUSD: Our outlook on AUDUSD remains to the upside as it continues to rally breaking and maintaining firmly above its daily 200 ema presently located at the 1.0257 level and the 1.0290 level, its Sept 29’2011 high. This...

USDJPY: The pair took back most of its Wednesday losses to close lower on Thursday, re-enforcing its hold within its established consolidation zone (77.85-75.92). USDJPY has to overcome the 77.85 level and its falling trendline...

US Dollar Index: While the corrective weakness triggered from the 79.83 level, its Oct 04’2011 high remains intact, the Index’s former resistance turned support at 76.71 may provide a considerable support when...

GBPUSD: GBP has backed off its Wednesday high at 1.5796 and now trades below the 1.5779 level, its July 12’2011 low. This is coming on the back its Wednesday strong rally. GBP needs to hold above the 1.5713/79 levels to...

USDCHF: Having reversed its Tuesday gains to restart its corrective weakness on Wednesday, USDCHFlooks to break and hold below the its support zone at 0.8928/18.The zone was tested and held on wednesday and its eventual...

USDCAD: With a reversal of its Tuesday gains taking out its Oct 07’2011 low at 1.0233 in today’s trading session, USDCAD is now testing its key support located at the 1.0144 level. The pair has been under corrective...

EURUSD: Having decisively violated the 1.3690 level, risk of further run to the upside is now building up. The 1.3937 level, its Sept 15’2011 high will come in as the next upside target with a violation of there allowing...