USD/JPY Forecast April 29, 2013, Technical Analysis
The USD/JPY pair fell during the session on Friday, as you can see on this chart. The fall was significant, and it does appear that the 100 level is going to give us quite a bit of...
Category: Daily Forex Reports
USD/CAD Forecast April 29, 2013, Technical Analysis
The USD/CAD pair fell during the session on Friday, searching for the 1.0150 level. When they got there, it found enough support to stop falling, but it does look like a pair that’s going to grind a...
GBP USD Forecast April 29, 2013, Technical Analysis
The GBP/USD pair had another positive session on Friday, touching the 1.55 handle. However, that area continues to be far too resistive, and we do suspect based upon price action back in the middle of February that...
EUR/USD Forecast April 29, 2013, Technical Analysis
The EUR/USD pair rallied during the session on Friday, reinforcing the idea of the 1.30 support level. However, the candle from Thursday is a big wicked looking shooting star, so simply put – this pair looks confused.
AUD/USD Forecast April 29, 2013, Technical Analysis
The AUD/USD pair tried to rally during the session on Friday, but as you can see had found far too much resistance at the 1.0340 level yet again. We have formed a shooting star in this general...
USD/JPY Forecast April 26, 2013, Technical Analysis
The USD/JPY pair fell during the session on Thursday, but as you can see bounced enough to form a stubby little hammer. With that being the case, it looks like we still have upward pressure in this...
USD/ CAD Forecast April 26, 2013, Technical Analysis
The USD/CAD pair fell off a Cliff during the Thursday session, slamming into the 1.02 handle. This market has a long history of doing almost nothing for several sessions in a row, and then suddenly moving like...
GBP/USD Forecast April 26, 2013, Technical Analysis
GBP/USD had a strong showing on Thursday, as the economic numbers coming out of London suggested that the United Kingdom managed to skirt past a triple dip recession, and as a result the Pound got a bit...
EUR/USD Forecast April 26, 2013, Technical Analysis
The EUR/USD pair rallied during the session on Thursday, but as you can see gave back all of the gains in order to form a shooting star. While this would normally be enough to get us selling,...
AUD/USD Forecast April 26, 2013, Technical Analysis
The AUD/USD pair rallied during the session on Thursday, but as you can see gave back most of the gains in order to form a shooting star. This shooting star is sitting above two hammers, which essentially...