GBP/USD Forecast July 16, 2013, Technical Analysis
The market pulled back during the session on Monday, but as you can see the GBP/USD pair found enough support at the 1.50 handle in order to bounce and form a hammer. The hammer as you can...
Category: Daily Forex Reports
EUR/USD Forecast July 16, 2013, Technical Analysis
The EUR/USD pair fell during the session on Monday, but as you can see the 1.30 level offered enough support to make the market bounce and form a hammer. This hammer looks very supportive, just as the...
AUD/USD Forecast July 16, 2013, Technical Analysis
The AUD/USD pair fell initially during the session on Monday, but as you can see the 0.90 handle has offered enough support to keep the market somewhat buoyant.
USD/JPY Forecast July 15, 2013, Technical Analysis
The USD/JPY pair had a slightly positive session on Friday, but as you can see we couldn’t get to the 100 handle. Because of this, we think that this market is going to simply grind sideways for...
USD/CAD Forecast July 15, 2013, Technical Analysis
The USD/CAD pair had a slightly positive session on Friday, but remains below the 1.04 handle. We had initially been very bullish of this pair, but have to admit that the reason falling of the pair has...
GBP/USD Forecast July 15, 2013, Technical Analysis
The GBP/USD pair fell during the session on Friday, pulling back some of the bullishness that we had seen over the last two sessions. However, the 1.51 handle isn’t significant enough to have us looking to buy...
EUR/USD Forecast July 15, 2013, Technical Analysis
The EUR/USD pair fell during the balance of the session on Friday, but as you can see the 1.30 level has offered support yet again. Interestingly enough we have seen two hammers in a row now, and...
AUD/USD Forecast July 15, 2013, Technical Analysis
The AUD/USD pair fell on Friday, but we still remained above the 0.90 handle. We really need to break down below that area in order to be comfortable shorting at this point, although it must be stated...
USD/CAD Resistance Turned Support (July 12, 2013)
The disappointing FOMC meeting minutes triggered a sharp selloff for USD/CAD, pushing it below the 1.0500 handle and down to the 1.0350 area. Stochastic is already in the oversold region, suggesting that a potential bounce could take...
USD/JPY Forecast July 12, 2013, Technical Analysis
The USD/JPY pair went back and forth during the session on Thursday, essentially ending the day doing nothing. We formed a massively neutral candle, and got nowhere in the end.