May 16, 2012

On Tuesday Dollar/Yen increased with almost 55 pips. The currency couple appreciated from 79.80 to 80.34 yesterday, matching the positive money flow sentiment at nearly +6%, closing the day at 80.16. This morning the Dollar lifted further against the Yen, climbing to...

May 16, 2012

The downtrend here is pretty strong and the focus is set at 1.2624 low before larger consolidation pattern, which will aim to correct the whole slide from 1.3282. Crucial from an intraday point of view is 1.237 resistance.

May 16, 2012

GBPJPY – With GBPJPY selling off and following through lower on the back of its Friday losses, the risk is for it to weaken further towards its key support located at the 126.53 level. Further down, support lies at the 125.45 level followed by the 124.50 level and then...

May 16, 2012

USDCAD We continue to hold onto our downside view on USDCAD as it trades below its key resistance at the 1.0048/51 levels. While holding below here, there is risk of a relapse to the 0.9804 level, its Sept 19'2011 and the 0.9806 level. Further down, support lies at the

May 16, 2012

EURUSD: The EUR/USD is currently trading at 1.2733 levels. Euro is trading at four months low, after Greece’s leaders failed to form a new government, thereby adding to the ongoing tensions for the country. As long as Euro region is concerned, Germany seems to be a strong economy, as...