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Daily Forex Reports |
Written by FX Empire |
Thursday, 05 December 2013 06:43 GMT
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The USD/JPY pair is one that will be very interesting to watch the rest of this week. With the nonfarm payroll number coming out on Friday, it is not surprising that the market simply went back and forth during the session on Wednesday.
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Daily Forex Reports |
Written by FX Empire |
Thursday, 05 December 2013 06:42 GMT
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The USD/CAD pair rose during the session on Wednesday, breaking the top of the shooting star that had formed on Tuesday. This is a very bullish sign, and we think this pair continues to go higher. The 1.07 level is what stop the market from... |
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Daily Forex Reports |
Written by FX Empire |
Thursday, 05 December 2013 06:40 GMT
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The GBP/USD pair fell during a large portion of the session on Wednesday, but as you can see bounced off of the 1.63 handle in order to form a nice looking hammer. This hammer is preceded by two shooting stars though, so we have to think that... |
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Daily Forex Reports |
Written by FX Empire |
Thursday, 05 December 2013 06:39 GMT
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The EUR/USD pair initially fell during the session on Wednesday, but as you can see found support right above the 1.35 handle in order to bounce and form a hammer. This hammer of course suggests that we are going to go higher, but we need to... |
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Daily Forex Reports |
Written by FX Empire |
Thursday, 05 December 2013 06:38 GMT
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The AUD/USD pair fell hard during the session on Wednesday, as GDP numbers out of that country came in a bit light. Because of this, it had people running from the Australian dollar, and we did in fact break the bottom of the hammer that had... |
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Daily Forex Reports |
Written by Kate Curtis |
Thursday, 05 December 2013 06:33 GMT
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NZD/USD has been trending lower in the near term, as seen on the 1-hour and 4-hour time frames. To be specific, a falling channel is starting to form on the 4-hour chart, as the pair is getting ready to test the trend resistance.
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Daily Forex Reports |
Written by Paxforex |
Wednesday, 04 December 2013 18:12 GMT
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On Monday trader’s received plenty of report on the global manufacturing sector which overall came in much better than expected and some traders were hopefully that the more important service sector would follow suit and beat expectations as... |
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Daily Forex Reports |
Written by Kate Curtis |
Wednesday, 04 December 2013 08:59 GMT
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GBP/USD has been making significant breaks above psychological handles recently, confirming that the pair has strong bullish momentum. However, there have been a few pullbacks, eventually creating a short-term rising trend line on its 1-hour... |
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Daily Forex Reports |
Written by FX Empire |
Wednesday, 04 December 2013 08:23 GMT
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The AUD/USD pair fell during the session on Tuesday, but as you can see bounced rather hard from the 0.9550 handle. This resulted in a hammer, which of course is very supportive. However, we are most definitely in a downtrend, so we are not... |
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Daily Forex Reports |
Written by Kate Curtis |
Tuesday, 03 December 2013 07:08 GMT
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EUR/USD is still in its uptrend for now, although the pair was pushed down to test the channel support on the ascending trend line on the 1-hour time frame. A bounce from this area could take the pair to its previous highs around 1.3600 or perhaps... |
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