GBP/USD Forecast May 17, 2013, Technical Analysis
The GBP/USD market went back and forth during the session on Thursday, focusing mainly on the 1.5250 level as its center of gravity.
Category: Daily Forex Reports
EUR/USD Forecast May 17, 2013, Technical Analysis
The EUR/USD pair went back and forth during the session on Thursday, essentially getting nowhere in the end. It is very neutral candle looks like it’s trying to signal that the market is confused down here, and...
AUD/USD Forecast May 17, 2013, Technical Analysis
The AUD/USD pair had a very negative session during the Thursday, lunging all the way down to the 0.98 handle. Even more impressive was the fact that the sellers managed to break the bottom of a perfect...
GBP/USD Trend Line Break and Retest (May 17, 2013)
GBP/USD already broke below the rising trend line on the 4-hour time frame earlier this week, but it appears that the pair has found support around the 1.5200 major psychological level for now.
USD/JPY: Chance to Join the Rally? (May 16, 2013)
USD/JPY seems to have stalled right below the 103.00 major psychological resistance level as the pair retreated upon reaching a high of 102.78. There could be a chance to hop in the overall uptrend as the pair...
USD/JPY Forecast May 16, 2013, Technical Analysis
The USD/JPY pair went back and forth during the session on Wednesday, forming a very neutral candle. Perhaps this is a sign that a pullback is about to happen, but we see significant support just below at...
USD/CAD Forecast May 16, 2013, Technical Analysis
The USD/CAD pair initially rallied during the session on Wednesday, touching as high as 1.0225 before pulling back in forming a shooting star. Looking at this candle, it is being formed at an area where you would...
GBP/USD Forecast May 16, 2013, Technical Analysis
The GBP/USD pair went back and forth during the session on Wednesday as the 1.52 level was initially broken. However, by the end of the session we had bounced back above that support level, and in fact...
EUR/USD Forecast May 16, 2013, Technical Analysis
The EUR/USD pair fell during the session on Wednesday, although we did see a bit of a bounce towards the end of the session. The 1.2850 level looks to be offering a bit of support, and this...
AUD/USD Forecast May 16, 2013, Technical Analysis
The AUD/USD pair fell during the session on Wednesday, as the 0.99 support level gave way. However, you can see that there was a bounce towards the end of the session that formed a nice looking hammer.