Recent content by MDunleavy

””USDJPY Analysis - December 29, 2012 ””USDJPY's upward movement from 77.14 extends to as high as 86.63. ””Further rise could be expected after consolidation, and next target would be at 88.00 area. ””Support is at 85.50 followed by 84.50, as long as these levels hold, the uptrend will...

””USDCHF Analysis - December 17, 2012 ””USDCHF breaks below 0.9214 support, suggesting that the downtrend from 0.9971 has resumed. ””Further decline could be expected next week, and next target would be at 0.9000 area. ””Resistance levels are at 0.9300 and 0.9400, as long as these levels...

””The GBP/USD fell friday to trade at 1.6010 after the Bank of England yesterday held rates and policy. ””Today, industrial production and manufacturing production both disappointed markets reporting well below forecast, casting a greater doubt on the UK economy. ””Just a few days ago, the...

Crude Oil Weekly Technical Outlook •Sat Nov 24 12 09:51 ET Crude Oil Weekly Technical Outlook Nymex Crude Oil (CL)Crude oil edged higher to 89.98 last week but failed to take out 90 psychological level and retreated again. •Nonetheless, note that firstly, it's has taken out near term falling...

•The dollar index continues to remain firmly bullish on the daily chart, moving higher and breaking above the 81 region, as the currency of first reserve continues to strengthen following the U.S. election. •This firm move higher for the U.S. dollar has been accompanied by sustained buying...

EURUSD Analysis 10th November 2012 – P&F Update... ↓↓↓ Click to learn more!↓↓↓ https://docs.google.com/spreadsheet/pub?key=0AhxKzvQ2GlM8dDBqYWl6XzlEbFZDWFVob0FMbG9nbGc&output=html https://docs.google.com/file/d/0BxxKzvQ2GlM8ZmRlMjViOTMtNjAyMS00NzUxLWFjMjEtODk0ZjFlNzg5YzQ5/preview See...

–The AUD/USD pair initially fell during the week, but found a bit of a bid later on and formed a hammer. –This is right after to shooting stars, and is in the middle of a massive consolidation area. –We figure that this pair will be very difficult to trade, although it does look bullish at...

–Gold Prices Range bound till New Effective Triggers are seen: –Gold traders now look ahead to next week and movements in gold prices will be taking cues from the FOMC interest rate decision on Wednesday and Q3 GDP data on Friday. –It is highly unlikely for the Fed to change its QE3 decision...

–USDCHF: With USDCHF reversing almost all of its corrective recovery gains the past week, the big risk is for it to return to the 0.9238 level. –If this occurs in the new week, further declines will shape up towards the 0.9193 level, its May 07’2012 low with breach targeting the 0.9100 level...

–The GBP/USD pair rose during the session on Friday and even managed to break through the 1.63 level at one point. –However, by the end of the day we saw a pullback that formed a shooting star. –This pair has been overbought for a while, and as such a pullback would be welcomed by many of...

–Euro/dollar had a positive week, riding on the determination of the ECB in using its firepower to counter the Spanish crisis. –The upcoming week is even more important, with the German constitutional court’s ruling needed to enable the bailouts. –There are quite a few additional regular...

””The Australian dollar showed some movement in both directions but was almost unchanged over the week, as AUD/USD closed at 1.0399. ””Highlights of the upcoming week include Building Approvals and Private Capital Expenditure. ””The pair continues to trade in a narrow range following mixed...

-GOLD: 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 the 1,640.45 level, its range top. -This if seen will open up...

–Please note that overall GBP/USD has been in a very volatile sideways mode since January 2009. –A break below 1.5269 and then the low of January 13th i.e. –1.5233 may indicate a break below the lower support line. –Please check this weekly chart of GBP/USD. –Strategies for Trading GBP/USD...

--EUR/USD Weekly Outlook and Trading Idea Outlook: --As expected EUR/USD continued lower and almost reached the 1.2145 Fibonacci level (the low recorded last week was 1.2163). --Now, despite the Friday's bounce, the daily chart remains very negative and I expect further weakness. --We may see...