EUR/USD Forecast March 18, 2013, Technical Analysis
The EUR/USD pair rose during the Friday session as the 1.30 level propel the market higher. However, towards the end of the session we did see the Euro selloff a little bit.
Category: Daily Forex Reports
AUD/USD Forecast March 18, 2013, Technical Analysis
The AUD/USD pair rose during the Friday session and broke above the 1.04 level in order to break into the resistance area above. We think this market is bullish again, but we need to see some type...
US dollar pauses after a ‘’busy’’ week
Economic news (15 March 2013) – The US dollar proved to be the highlight on the Forex market this week as it outperformed all of its major counterparts. Starting the trading week with a nearly three-year high,...
Forex Major Currencies Outlook (March 15, 2013)
USD: Neutral The U.S. dollar lost a lot of ground to its major currency counterparts during yesterday’s trading as we saw a short squeeze, particularly for GBP/USD and EUR/USD. It seems that the selloffs are no longer...
EUR/USD: 4-hour Falling Channel Holding? (March 15, 2013)
After yesterday’s short squeeze on EUR/USD, which pushed the pair back above the 1.3000 major psychological support level, many are wondering if the rally of this pair would actually last. It seems that it could find resistance...
USD/JPY Forecast March 15, 2013, Technical Analysis
The USD/JPY pair did very little during the session in the end, considering that there was a significant amount of volatility. The market is closing just above the 96 handle, but has formed a very neutral looking...
USD/CAD Forecast March 15, 2013, Technical Analysis
The USD/CAD pair fell during the session on Thursday, as the US dollar fell against most currencies for the session. We have been waiting for a pullback in this pair, and it now looks like we could...
GBP/USD Forecast March 15, 2013, Technical Analysis
The GBP/USD pair had an extraordinarily strong session during the Thursday hours as we smashed through the 1.50 level, breaking through a couple of fairly significant resistance areas.
EUR/USD Forecast March 15, 2013, Technical Analysis
The EUR/USD pair initially fell during the Thursday session, plunging below the 1.2950 handle again. However, we managed to get the buying pressure back together and broke above the 1.30 handle during the day.
AUD/USD Forecast March 15, 2013, Technical Analysis
The AUD/USD pair shot straight up during the session on Thursday, and smashed into the 1.04 resistance level. In fact, that is exactly where it stopped at the highs of the day. This leads us to believe...