forex research

USDCHF: With USDCHF holding below the 0.9655 level, Aug 06’2012 low and closing lower the past week, risk of further decline is developing. The pair continues to hold on to its downside pressure initiated from the 0.9970 level leaving the risk of further downside pressure towards the 0.9480...

GBPUSD: With GBP closing slightly lower the past week and remaining vulnerable to the downside, risk is building up for more declines. As long as the 1.5774/78 levels cap, the broader risk remains lower. This could see the pair targeting the 1.5489/57 levels where a violation will pave the way...

USDJPY: Weakens, All Eyes On Its Key Support USDJPY: The pair continues to weaken selling off strongly on Tuesday and setting the stage for further decline towards its key support at the 80.57 level. A decisive break of here will open the door for more weakness towards the 80.00 level, its...

USDCHF: While USDCHF halted its declines to close slightly higher the past week, it continues to hold on to most of its weakness started from the 0.9591 level.This suggests its present attempt on the upside is corrective and should fade thus returning to its Jan 27’2012 low at 0.9114 with a...

GBPJPY: The cross rallied strongly on Tuesday building on its recovery and opening the door for a move further higher.With continued bullish offensive seen, the risk is for GBPJPY to head higher towards the 122.75 level, its Dec 22’2011 low. A cut through there will convince the market of...

USDCHF: The pair is now on a second day of downside weakness after it backed off higher prices on Tuesday. Despite this, USDCHF remains biased to the upside in the medium term. While the pair holds above its key support at the 0.9240 level, its Dec 21’2011 low, we look for it to return to the...