GBP/USD Forecast April 4, 2013, Technical Analysis
The GBP/USD pair had a bit of a neutral day with a slightly higher close as the 1.51 level offered support yet again. This area has been very strong lately, and it appears the market is trying...
Category: Daily Forex Reports
EUR/USD Forecast April 4, 2013, Technical Analysis
The EUR/USD pair initially fell during the session on Wednesday, but as you can see by the charts we managed to bounce enough to form a hammer. This looks like a market that’s trying to form a...
AUD/USD Forecast April 4, 2013, Technical Analysis
The AUD/USD pair surged initially during the session on Wednesday, but as you can see failed at the 1.05 level again. This has formed a little bit of a double top in the short term, and the...
Ahead of the BOE Decision: GBP/USD Double Top (April 4, 2013)
After making a strong selloff from the 1.5250 minor psychological resistance and previous week highs, GBP/USD found support around the 1.5100 major psychological level. The pair appears to be retracing, thanks to the recent disappointments in U.S....
GBP/USD: Trading the Construction PMI Release (April 3, 2013)
The recently released manufacturing PMI for the United Kingdom sparked a massive selloff for the pound as the actual figure missed expectations. Take note that the BOE is currently watching business surveys very closely before they make...
USD/JPY Forecast April 3, 2013, Technical Analysis
The USD/JPY pair fell for the session on Tuesday as the downward pressure continued. However, by the end of the session we saw a significant bounce and as a result formed a nice looking hammer at the...
USD/CAD Forecast April 3, 2013, Technical Analysis
The USD/CAD pair fell during the session on Tuesday, but managed to bounce enough from the bottom of the session in order to form a hammer. This hammer is suggestive of support below, and we do think...
GBP/USD Forecast April 3, 2013, Technical Analysis
The GBP/USD pair fell dramatically during the session on Tuesday, parking at the 1.51 level. This candle is very negative, and closes at the very bottom of the day’s range.
EUR/USD Forecast April 3, 2013, Technical Analysis
The EUR/USD pair rose initially during the session on Tuesday, but pulled back and closed just above the 1.28 handle. This market has been rather bearish lately, and it appears that even though we saw a supportive...
AUD/USD Forecast April 3, 2013, Technical Analysis
The AUD/USD pair initially rallied during the session on Tuesday, but as you can see gave back quite a bit of the gains in order to form a shooting star. We still think that the 1.04 level...