USD/CAD Forecast May 22, 2013, Technical Analysis
The USD/CAD pair rallied during the session on Tuesday, breaking above the 1.03 level yet again. However, the level offers enough resistance that the market is struggling with the area.
Category: Daily Forex Reports
GBP/USD Forecast May 22, 2013, Technical Analysis
The GBP/USD pair fell rather sharply during the session on Tuesday, as the 1.5250 reaching yet again caused quite a bit of resistance. This pair looks like it’s ready to continue lower, and as a result we...
EUR/USD Forecast May 22, 2013, Technical Analysis
The EUR/USD pair went back and forth during the session on Tuesday, essentially forming a hammer at the end of the day. The hammer sits on the 1.29 level at the moment, so this does suggest that...
AUD/USD Forecast May 22, 2013, Technical Analysis
The AUD/USD pair went back and forth during the session on Tuesday, eventually forming a hammer. The hammer is focused around the 0.98 handle, and as a result we think that this pair will more than likely...
EUR/USD Ready for a Major Correction? (May 22, 2013)
EUR/USD seems to be rebounding from its recent lows nicely as the pair is edged back abve the 1.2900 major psychological level. It’s just a few more pips away from the 38.2% Fibonacci retracement level, which could...
USD/CAD Short-Term Rising Trend Line (May 21, 2013)
The dollar seems to have retreated from its rallies at the start of this week, as traders may have booked profits off key inflection points for the major pairs. USD/CAD, in particular, has found resistance at the...
USD/JPY Forecast May 21, Technical Analysis
The USD/JPY pair had a negative session on Monday, falling down to the 102 handle. However, that area did hold and we suspect that there is a significant amount of support in the general vicinity.
USD/CAD Forecast May 21, 2013, Technical Analysis
The USD/CAD pair fell during the session on Monday, as the 1.03 level offered resistance again. The candle does look rather negative, but it did not wipe out the gains from the Friday session, meaning that we...
GBP/USD Forecast May 21, 2013, Technical Analysis
The GBP/USD pair had a positive showing on Monday, breaking above the 1.5250 level at one point during the session. You can see that the market is hovering right around that area, but quite frankly we suspect...
EUR/USD Forecast May 21, 2013, Technical Analysis
The EUR/USD pair had a fairly strong showing during the session on Monday, as we bounced from the 1.28 support region. Because of this, we may see a bit of strength in the Euro going forward, but...