Forex Trades To Watch In A Record Breaking Week
With equities reaching heights never seen before, does this mean we’re entering a risk-on environment for the EUR and AUD?
Category: Daily Forex Reports
Forex Major Currencies Outlook (March 5, 2013)
USD: Bullish The U.S. dollar is currently benefiting from risk flows as most central banks are about to take a dovish monetary policy stance.
Trade Setup of the Day: Long AUD/USD (March 5, 2013)
The AUD/USD pair has been trading cautiously around the support zone from 1.0150 to 1.0200 for the past few days, as traders waited for the monetary policy decision from the Reserve Bank of Australia. During the actual...
USD/JPY Forecast March 5, 2013, Technical Analysis
The USD/JPY pair barely moved during the session on Monday, as the market simply sat still. In fact, none of the yen related pairs did much, so this of course would never been much of a surprise....
USD/CAD Forecast March 5, 2013, Technical Analysis
The USD/CAD pair attempted to rally during the session on Monday, but as you can see by the chart failed to do so. The resulting candle is a bit of the shooting star, and it is the...
GBP/USD Forecast March 5, 2012, Technical Analysis
The GBP/USD pair had a strong showing on Monday, as the 1.50 level has offered support yet again. Whether or not this could be some type of unwinding of the short sell is a completely different question,...
EUR/USD Forecast March 5, 2013, Technical Analysis
The EUR/USD pair fell below the 1.30 level again on Monday, but just as it was on Friday, the market could not hold below that level. It is because of this that we are starting to think...
AUD/USD Forecast March 5, 2013, Technical Analysis
The AUD/USD pair fell during most of the session on Monday, but as you can see bounced in order to form a perfect hammer. In fact, what’s so interesting about this is that the technical buy signal...
Forex Major Currencies Outlook (March 4, 2013)
USD: Bullish Although the sequestration in the U.S. which started last week will likely have long-term negative effects on the economy, this event rendered price action dependent on risk sentiment once again.
Trade Setup of the Day: Short EUR/USD (March 4, 2013)
Another retracement opportunity is presenting itself on EUR/USD’s 1-hour time frame as the pair has been stalling above the 1.3000 major psychological level. Drawing a trend line connecting the highs of the price shows that the potential...