GBPJPY – With GBPJPY halting its recovery to sell off and close lower on Monday, it could be building pressure towards the 120.81 level. Below here will open the door for a move lower towards the 120.00 level. On continued...
Read MoreUSDJPY: With its attempted recovery failing following a sharp decline on Monday, the pair could be preparing to return to the 77.92 level, its July 23’2012 low. A breach of here will open the door for more weakness towards...
Read MoreAUDUSD: With AUDUSD remaining bullish and maintaining its short term uptrend, the risk is for the pair to strengthen further with eyes on the 1.0500 level though hesitating. Further out, resistance resides at the 1.0556 level...
Read MoreUSDCAD: Having closed lower the past week and remaining vulnerable to the downside, USDCAD faces the risk of price extension in the new week. In such a case, the 1.0000/0.9988 levels will come in as the next downside objectives....
Read MoreGOLD: Although GOLD rallied sharply to close higher the past week, it remains trapped in a range between the 1,544.35 and the 1,640.45 levels. In order for the commodity to extend its upside it will have to break and hold above...
Read MoreUSDCAD: With USDCAD declining sharply the past week, the risk in the new week is for the pair to extend that weakness. In such a case, the 1.0000/0.9988 levels will come in as the next downside objectives. We expect the pair to...
Read MoreEURUSD: EUR triggered a correction and closed higher the past week, wiping out its previous week losses. While it is now biased to the upside into the new week it will have to overcome the 1.2322 level convincingly to open the...
Read MoreUSDCHF: Although the pair remains biased to the upside medium term, it now faces bear threats after reversing its previous week losses to close lower. This development leaves USDCHF vulnerable to the downside in the new week...
Read MoreAUDUSD: With a third day of upside offensive underway, the pair is set to take out the 1.0442 level. This is coming on the back of AUDUSD’s rally off the 1.0177 level. A clearance of the 1.0442 level will allow for more...
Read MoreEURUSD: Faces Corrective Recovery Risks.EURUSD: After recovering for two days in a row, EUR must now overcome the 1.2332 level, its July 19’2012 high to extend its correction. If this occurs, further strength should build...
Read More
