USD/CAD Forecast June 11, 2013, Technical Analysis
The USD/CAD pair fell during the session on Monday, but you can see that the 1.02 handle still offers enough support. Obviously, this is more of a zone than a line, but you can see that the...
Category: Daily Forex Reports
GBP/USD Forecast June 11, 2013, Technical Analysis
The GBP/USD pair fell initially during the session on Monday, but you can see that the 1.55 level did in fact offer enough support to print a positive candle. Nonetheless, we did not manage to break out,...
EUR/USD Forecast June 11, 2013, Technical Analysis
The EUR/USD pair initially fell during the session on Monday, dipping below the 1.32 handle again. However, this move did not last that long and we did in fact find enough support at the 1.32 level in...
AUD/USD Forecast June 11, 2013, Technical Analysis
The AUD/USD pair gapped lower during the session on Monday, but as you can see spent the rest of the day trying to retrace those losses.
USD/JPY Forecast June 10, 2013, Technical Analysis
The USD/JPY pair fell rather drastically during the session on Friday, but as you can see the 95 handle held firm, and as a result we bounced high enough to form a massive hammer. This hammer is...
USD/CAD Forecast June 10, 2013, Technical Analysis
The USD/CAD pair fell rather hard during the Friday session, but managed to close right at the 1.02 level. This is the area that we have been watching and concluded that “bottom” of support. If we continue...
GBP/USD Forecast June 10, 2013, Technical Analysis
The GBP/USD pair fell during the session on Friday, but as you can see found enough support at the 1.55 level in order to form a hammer. This hammer suggests that we are going higher, and as...
EUR/USD Forecast June 10, 2013, Technical Analysis
The EUR/USD pair went back and forth during the Friday session, but as you can see formed a shooting star that sits just above the 1.32 handle.
AUD/USD Forecast June 10, 2013, Technical Analysis
The AUD/USD pair fell during the session on Friday, but as you can see formed a double bottom down near the 0.9420 level. The shape of the candle for the Friday session is a hammer, in this...
USD/JPY Forecast June 7, 2013, Technical Analysis
The USD/JPY pair fell off of the cliff on Thursday as the US dollar got beat up. Ironically, we did see a little bit of a bounce towards the end of the day and with the fact...