eur usd weekly predictions for 11 to 15 march 2013
eur/usd currency pair this week closed at 1.2999 with loss.this week euro dollar pair made high at 1.3134 while low was 1.2954.this was 5 th straight week of weakness for euro against dollar.on above weekly chart we can see now trending down in bear market and trading below all medium to long term averages.
for next week outlook remain negative and on downside targets as well as supports expected at 1.2680 and then 1.2515 while on upside resistances are 1.3050 and 1.3100.
on indicators,eur/usd weekly macd sis topped out and going through correction phase while rsi is below 50 and continues sell signal.
gbp usd weekly predictions for 11 to 15 march 2013
gbp/usd currency pair this week closed at 1.4915 with loss.this was 4 th week of weakness and in last 4 week we seen 900+ pips drops.this week pound dollar pair made high at 1.5198 while low was 1.4892 and closed near low indicators still pound has no acceptance.
on weekly chart look like panic selling and that why sharp fall.indicators are very bearish and trending in oversold zones.
for next week revised targets as well as downside supports are 1.4850 and then 1.4400 while on upside resistances are 1.5050 and 1.5300.
usd jpy weekly predictions for 11 to 15 march 2013
usd/jpy currency pair this week closed at 96.02 with huge gains.last 2 weeks we seen consolidation and after that fresh breakout and now usd/jpy at new fresh high from medium term view.in last 5 month time period us dollar gained 18 yen which is almost 25% gains and huge as compared to there markets.
for next week outlook is positive for pair and expect 98-99 as fresh revised target zone and on downside support. is 93.above 98 on weekly closing basis next target will be 110 and if rally continues may be show 130-140 levels till this year ends.
on weekly chart dollar yen macd and rsi both still bullish and supporting bull market.
usd chf weekly predictions for 11 to 15 march 2013
usd/chf currency pair this week closed at 0.9516 with gains.this was 5th gaining week for dollar against swiss franc.this week usd/chf pair made low at 0.9393 while high was 0.9551 and closed near it.for next week outlook remain bullish and expect 0.9700 to 0.9750 as revised target zone while on downside 0.9380 and 0.9300 are major supports.
on indicators side,usd/chf weekly macd formed bullish divergence but still below zero while rsi continues buy signal given 2 weeks back.
us markets new highs and as well dollar index seeing inflow looks controversial and may be this is begin of bull market for us dollar.
usd cad weekly predictions for 11 to 15 march 2013
usd/cad currency pair this week closed at 1.0284 with gains.this week us dollar vs Canadian dollar pair made low at 1.0233 while high was 1.0336.usd/cad pair inching towards previous highs of 1.0435 which recorded in may 2012.
on indicators side,usdcad macd given buy signal at 0.9980 and still continues it while rsi doing same.
for next week upside revised targets are 1.0350 and then 1.0435 while on downside supports are 1.0200 and 1.0100.
usd sek weekly predictions for 11 to 15 march 2013
usd/sek currency pair this week closed at 6.3970 with loss.on weekly chart this pair stuck in wide range and still going through consolidation since last 6 weeks.on downside 6.28 is lower range support while on upside 6.44 is upper range resistance.as dollar ruining strong here we may expect upside breakout.
on chart medium-long term trend down but momentum surely building for us dollar.strong reversal rally ha upside targets at 6.55-6.60 and then 6.70.on downside 6.32 and 6.28 are supports for next week.