August 27th Long-Term Charts

FX Strategy Video > Currency Pairs Analysis

EUR/USD saw a positive week again, but we saw this pair stall at the 1.25 as resistance. The pair looks tired, and as a result we think this pair is about to fall again.

The USD/JPY pair had a negative week, but looks like we are going to see a consolidation move again. The last two sessions of the week formed supportive candles, and as such we think that we are going to head back to the 80 handle.

The GBP/USD pair finally broke out above the 1.58 level, but on Friday fell all the way back to that level in order to look very suspicious. The pair could see a supportive move at this level, but it if doesn't - this will be devastating for the bulls.

USD/CAD fell most of the week, but bounced in order to form a hammer. This just happens to be at the bottom of the recent consolidation range of 0.98 to 1.04 or so....

Published on 24th of August 2012
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