USD/JPY Forecast April 22, 2013, Technical Analysis
The USD/JPY pair rose during the session on Friday, attempting to reach the 100 handle. We felt a short, but in reality what seems to be a given at this point time is that we will break...
Category: Daily Forex Reports
USD/CAD Forecast April 22, 2013, Technical Analysis
The USD/CAD pair fell initially during the session on Friday, but bounced enough to form a hammer. This is the second hammer in a row, it looks like were ready to start taking off to the upside.
GBP/USD Forecast April 22, 2013, Technical Analysis
The GBP/USD pair attempted to rally during the session on Friday, but as you can see ended up falling flat on its face. Moody’s downgraded the British economy late in the session on Friday, so the markets...
USD/JPY Forecast April 19, 2013, Technical Analysis
The USD/JPY pair went back and forth during the session on Thursday, and even broke above the 98.25 resistance level at one point during the day. However, that area has proved to be too resistive, and we...
USD/CAD Forecast April 19, 2013, Technical Analysis
The USD/CAD pair went back and forth during the session on Thursday, but eventually formed a hammer for the day. This suggests to us that the market is going to go higher, and that we will more...
GBP/USD Forecast April 19, 2013, Technical Analysis
The GBP/USD pair found support at the 1.250 level again during the session on Thursday, and bounced enough to break above the 1.53 handle at one point during the day. However, we did give back a little...
EUR/USD Forecast April 19, 2013, Technical Analysis
The EUR/USD pair tried to rally during the session on Thursday, but as you can see the 1.31 handle is far too much for the buyers, and we pulled back 50 pips towards the end of the...
AUD/USD Forecast April 19, 2013, Technical Analysis
The AUD/USD pair went back and forth during the session on Thursday, basically focusing on the 1.03 handle. However, at the end of the session we did settle much and it appears that we have essentially stopped...
USD/JPY Forecast April 18, 2013, Technical Analysis
The USD/JPY pair went back and forth during the session on Wednesday, but found the 98.25 level before too resistant to close above. The resulting candle is somewhat neutral, although it does have a slightly positive close...
USD/CAD Forecast April 18, 2013, Technical Analysis
The USD/CAD currency pair shot straight up during the session as the “fear trade” came back into the marketplace on Wednesday. However, by the end of the session you can see that quite a bit of the...