Author: FX Tech Strategy

CRUDE OIL: With Crude Oil halting its recovery at the 83.64 level and taking back its Tuesday gains in today’s trading session, risk of a resumption of its medium term downtrend is now shaping up. Pressure is building up...

USDJPY: The pair continues to consolidate but with downside bias. It looks to recapture the 75.92 level, its 2011 low and beyond. USDJPY has been under a strong bear pressure since topping out at the 124.13 level in...

USDCHF: The pair continues to maintain its corrective pullback pressure though holding on its short term uptrend triggered from the 0.7068 level. On continued weakness, its immediate support at the 0.8928 level, its Sept...

EURGBP- Vulnerability remains after capping its recovery at the 0.8792 level on Sept 23’2011 and tumbling lower. This leaves EURGBP targeting the 0.8530 level. A decisive break below the 0.8530 level, its Sept...

USDJPY: Though narrow range candles are now seen which are signs of consolidation, our bearish view on USDJPY remains intact for an eventual return to the 75.92 level, its 2011 low and beyond. USDJPY has been under a strong bear...

EURUSD: With the pair rejecting lower level prices to close slightly higher on a hammer-like candle pattern on Monday and following through higher in today’s trading session, risk of further recovery is now building up. If...

GOLD: The commodity may be preparing to put in a bottom as its weakness started from the 1,920.50 level is now running out of steam with a hammer candle now in place. Although Gold is still vulnerable to the downside, the...

EURJPY- With the cross ending the week lower and seen reversing its Friday recovery gains in today’s trading session, the continuation of its broader weakness is likely towards its psycho levels at the 102 level and the...